The share price of Qantas Airways Limited (ASX: QAN) has risen steadily for the past 10 years and some believe the airline's stock will continue to provide investors with steady profits.
Qantas shares remained steady yesterday to close at $5.91, the first time Qantas shares have hovered around that price since 2007.
Analysts are tipping the Qantas share price to continue climbing, with some expecting a 12-month price target of $6.60.
And with crude oil futures falling, Qantas may be in a better position to provide investors with strong returns.
OPEC increased supply last month, amid speculation over the oil cartel's decreasing influence over price, as production lifted in Libya and Nigeria.
Now some are tipping the price of Brent crude to fall below US$53 a barrel.
And with eight Boeing Dreamliners joining Qantas' fleet as the national carrier prepares for its mammoth direct flight from Perth to London, expected to commence early next year, the future may be good for Qantas.
But while Qantas shares have seen a long run of gains, the share price of Virgin Australia Holdings Ltd (ASX: VAH) has not fared so well.
The Virgin Australia share price closed on Tuesday at $0.18c, well down on the price of $0.23c recorded at the same time last year.
Virgin Australia Airlines Acting Group Executive Rob Sharp hopes a recent deal struck with Flight Centre Travel Group Ltd (ASX: FLT) will turn things around.
"This agreement cements our relationship with Flight Centre as both companies continue to evolve and pursue new and exciting travel solutions that will benefit our respective corporate and leisure travellers around the world," he said.
"Flight Centre is the largest travel agency group in Australia with the widest distribution network, and it plays an important role in helping open up the world for those who want to see it."
