Roger Montgomery

The Qantas share price has soared 600 per cent since 2014. This has surprised many long-term investors, who view airlines as a bit like the Bermuda Triangle – a place where money is lost and never seen again. So, what’s happened? Are airlines now a great place to invest? Show More

Roger 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). Show More

Intelligent Investor

Blue sky at Qantas? The reaction to Qantas' results has been universally savage. Everyone agrees the airline is doomed, that sensible investors should avoid the company and avoid the sector. No less than Warren Buffett himself has proclaimed he would never buy an airline. Pessimism and discomfort surround the business.... Show More


Sydney Airport has announced a 7.3% increase in earnings before interest, tax, depreciation and amortisation to $910 million from $848 million previously. The result was ahead of the market's expectations which centred on EBITDA of $895 million. The last 12 months have seen SYD accomplish a number of significant milestones,... Show More