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Qantas is a positive exception in the air market

Melbourne, Australia - It has a strong cashflow and its balance sheet is in good order

Qantas is considered well placed to ride out an Iraq war driven downturn and in the longer term could pick up passengers from international competitors put under financial pressure. Analysts said Qantas was defensively placed as an airline with a strong balance sheet, cashflow and domestic position to counter the fall in international bookings. Qantas shares were 3 cents stronger at USD 3,36 and...

AVIONEWS - World Aeronautical Press Agency - 42606
Rome, Italy, 03/20/2003 18:20
AVIONEWS - World Aeronautical Press Agency

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