CPCAY - Qantas: Benefiting From The Growth In Asia Pacific
The airline industry has long had a reputation of destroying shareholder value rather than creating it. With the consolidation that the industry experienced after 2008, though, many airline groups are now stronger than before and are even attracting investors such as Warren Buffett, who would not have touched airline stocks with a ten foot pole a few years back.
In the Asia Pacific area, Australian carrier Qantas (OTCPK:QUBSF) is one of those groups that succeeded in turning their business around and are now stronger than ever and, in my opinion, is one