Back in July, the IFM consortium lobbed a full takeover offer for Sydney Airport (ASX:SYD), Australia’s busiest gateway. With the airport about to change hands, here’s why Montgomery Fund’s retained most of its shareholding in SYD throughout the takeover period to date. continue…

by Joseph Kim Posted in Airlines, Companies, Editor's Pick, Stocks We Like

• save this article
• POSTED IN Airlines, Companies, Editor's Pick, Stocks We Like

Since August 20 this year to the time of writing, Flight Centre’s (ASX:FLT) share price has risen almost 66 per cent, from $13.74 to $22.90. It’s been spurred on by investors wanting to profit from the reopening of travel, particularly outbound international travel. And despite being heavily shorted, I believe there are some compelling reasons why the share price has further to run. continue…

by Roger Montgomery Posted in Airlines, Companies, Editor's Pick

• 2 Comments
• save this article
• POSTED IN Airlines, Companies, Editor's Pick

Back in May, we wrote about potential investment merit in Qantas, noting that, while airlines do not readily fit into the “exceptional business” category, we could see good reasons why an investor might be attracted to Qantas (ASX:QAN) at the mid-$3 price that prevailed at the time. continue…

by Tim Kelley Posted in Airlines, Companies

• save this article
• POSTED IN Airlines, Companies

Sydney Airport Holdings (ASX:SYD) has just provided a trading update for September.  Given Australia’s closed borders, the historically low passengers numbers were hardly surprising. continue…

by Roger Montgomery Posted in Airlines, Companies

• save this article
• POSTED IN Airlines, Companies

When it comes to investing, we’re not big fans of airlines.  But in the case of Alliance Aviation Services (ASX: AQZ), we’re happy to make an exception. You see, Alliance operates fly-in fly-out charter services for Australian mining companies, and its flights are in demand. With high returning business and strong cash generation, we think there’s a lot to like. continue…

by Gary Rollo Posted in Airlines, Companies, Stocks We Like

• 4 Comments
• save this article
• POSTED IN Airlines, Companies, Stocks We Like

At Montgomery, we have often discussed market power as a driver of competitive advantage. Last week a major player in the travel industry launched a campaign to assert dominance, which, if successful, could have profound implications for Flight Centre (ASX: FLT) and Webjet (ASX: WEB). continue…

by Ben MacNevin Posted in Airlines, Companies, Insightful Insights

• 2 Comments
• save this article
• POSTED IN Airlines, Companies, Insightful Insights

Despite our best efforts to alert investors and advisers to the traps, many remain unwitting speculators.

Take the recent collapse in the price of oil. An army of analysts has already produced a mountain of research and thought-pieces under titles like “Winners & Losers from the Oil Price Crash”. continue…

by Roger Montgomery Posted in Airlines, Energy / Resources

• 2 Comments
• save this article
• POSTED IN Airlines, Energy / Resources

Having studied past corporate responses to airline disasters – including those of Japan Airlines, Korean Air and ValuJet – the last of which suffered a major crisis in 1996 after one of its planes crashed in the Florida Everglades – I’m not surprised to hear that Malaysia Airlines is to be delisted pending a major restructure. continue…

by Roger Montgomery Posted in Airlines, Insightful Insights

• 2 Comments
• save this article
• POSTED IN Airlines, Insightful Insights

by Roger Montgomery Posted in Airlines, On the Internet

• save this article
• POSTED IN Airlines, On the Internet

Qantas’ half-yearly ‘loss’ announcement today revealed a business in crisis. Fuel costs surged to a record level for any half-year period (there goes the hoped-for benefits of new, more efficient aircraft), intense competition, unfavourable currency movements and falling demand, have all been offered as reasons for the poor showing. In reality, however, the real reason for the poor result is that this is an airline. continue…

by Roger Montgomery Posted in Airlines, Companies

• 8 Comments
• save this article
• POSTED IN Airlines, Companies