Is the Qantas share price a buy after the Virgin listing?
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The Qantas Airways Ltd (ASX: QAN) share price is under the microscope right now after its main competitor, Virgin Australia Holdings Ltd (ASX: VGN), listed on the ASX this week. At the same time, there have been enormous changes in the oil price in the last few weeks.
The Qantas share price has risen 15% after everything that has happened this year.
Qantas and Virgin Australia are the main players in the Australian market, and now both of them are ASX-listed businesses following the difficulties during the COVID-19 pandemic travel disruption period.
I’m not particularly worried for Qantas about Virgin listing onto the ASX. Virgin was still flying planes and trying to win market share as a private…
