Airlines
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Is this as good as it gets for the ‘flying kangaroo’?
Roger Montgomery
November 29, 2022
Warren Buffett is no fan of airlines as an investment. He once wrote that “if a far-sighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.” And I doubt he would change his mind when it comes to investing in Qantas (ASX:QAN). Although on face value the Aussie carrier looks to be going gangbusters, the numbers tell a slightly different story. continue…
by Roger Montgomery Posted in Airlines, Companies, Editor's Pick.
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Sydney Board recommends takeover offer at $8.75
Joseph Kim
November 10, 2021
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.
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Why Flight Centre’s share price could continue to soar
Roger Montgomery
October 8, 2021
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.
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Is Qantas returning to normal, or something better?
Tim Kelley
November 23, 2020
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.
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Sydney Airport is still in a holding pattern
Roger Montgomery
October 23, 2020
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.
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Why we own shares in Alliance Aviation
Gary Rollo
August 18, 2020
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.
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Trouble for travel agencies?
Ben MacNevin
June 10, 2015
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.
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Oils ain’t oils…
Roger Montgomery
December 2, 2014
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.
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More than just a new coat of paint
Roger Montgomery
August 13, 2014
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.
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Why airlines don’t make for a good investment
Roger Montgomery
July 24, 2014
Earlier in the week, I spoke to Elena Torrijos of Yahoo Finance Singapore, about why airlines don’t make good investments, and you can read Elena’s article on Yahoo here.by Roger Montgomery Posted in Airlines, On the Internet.
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