AIRLINE INDUSTRY INFORMATION-(C)1997-2000 M2 COMMUNICATIONS LTD
Economic analysts have said that the near 30% drop in the price of Qantas Airways shares caused by the announcement of a new discount airline for the Australian domestic market is unwarranted.
A report by Salamon Smith Barney (SSB) to investors said that the reaction of heavy trading in Qantas shares was overdone with `the market`s perception of the impact on earning ...overly excessive.` The company pointed out Qantas` ability to survive and maintain a profit during the Asian economic crisis to support the view that underlying …
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