0243 GMT - Qantas's recent share-price weakness represents a buying opportunity for those looking to enter the Australian carrier, Jefferies analysts suggest. They acknowledge that weaker consumer and business sentiment toward the U.S. could result in lower demand on Qantas's Australia-U.S. routes, but aren't overly concerned. They think that United Airlines' announcement of three weekly flights between San Francisco and Adelaide suggests confidence in U.S. outbound demand. They also remind clients in a note that any weakness in U.S. airlines reflects the outlook in the U.S. economy, which contrasts with improving consumer sentiment in Australia. Qantas shares are down 1.4% at A$8.46, a level they last touched in November. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 22:43 ET (02:43 GMT)
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