Qantas stock now 20% off

Qantas stock has fallen 20% from it’s high of $6.92 only 3 months ago to trading at $5.50 now, does this mean Qantas stock represents good value?

Qantas recently logged a new record financial quarter ending September 30 2018, and with oil prices falling recently this could help see the airlines bottom line increase well into FY 2020.

The outlook for Qantas appears strong, with total revenue on the increase, as forward bookings rise by 8%, and with the lower cost of oil,2019 should see strong returns for the airline.

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