There are clearly some contrasting views on Qantas (QAN) bouncing around the market

There are clearly some contrasting views on Qantas (QAN) bouncing around the market. MacquarieResearch rate the airline an outperform based on the domestic capacity outlook. We take a closer look at domestic capacity allocations for calendar year 2014 using our forward looking capacity data In our view, the capacity environment is improving despite management guidance that suggests otherwise, with strong trends emerging on Triangle routes. We think this will result in yield growth into 1H15, with our proprietary pricing database suggesting this is already occurring on SYD-MEL routes.


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