I wouldn't buy shares in airlines

https://amp.9news.com.au/article/9d44e44a-9400-4bea-8e75-e90bd5ab9132

Another one bites the dust!

Is it viable that Albo Nationalises REX airlines?

Surly we spend enough taxpayer money keeping Qantas and the beloved chairman lounge going without funding another airline?

I would never buy shares in airlines.

At the moment they're all revelling in huge "post pandemic" profits but people are slowly starting to realise we're not really post pandemic and there's no better way to get sick (or end up dying) than by getting on a plane full of coughing, sneezing people (not a mask to be seen anywhere these days, of course).

Flying is also getting more risky with an increasing number of crashes and near misses (especially in the US) and people are becoming more and more worried about that.

And, with the cost of living (food, mortgage, rent, etc.) skyrocketing, people are cutting back on non essential things like travel which is good for them and good for the environment. Too bad for the airlines (cry me a river).

Also, there should not be one cent of taxpayers' money being used to keep Qantas or any other airline afloat - Qantas is now a private company and if it can't "pay it's own way" like nearly every other private company has to do then it deserves to go out of business.

But we all know the government will never let that happen, of course. Too much $$$$ from tourism and holidays, etc. at risk there. Oh, and "National Pride" (whatever that's supposed to be - or some other BS like that).

aquascoot wrote on Jun 12^th, 2025 at 7:39am:


Ah, toll roads.

Haven't seen that mentioned for a while.

Don't hear it mentioned here in WA at all because we don't have any toll roads which one of the great things I like about living here.