Qantas will provide its 1Q19 trading update on 25 October 2018.
QAN was added to our ASX Top 50 model portfolio in July of 2017 at $5.25.
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Due to the recent spike in oil prices, the share price has been drifting lower and nearing our original entry level.
Along those lines, we expect the trading update to include how the company’s dynamic hedging program is insulating their bottom line from higher fuel prices.
We see good value at current levels for a move back into the $7.90 area over the medium-term.
