Why it might be time to take profit from Qantas Airways Limited

Shares in Australian airline stalwart Qantas Airways Limited (ASX: QAN) were down slightly to $6.04 at the time of writing, but the 12-month price graph for the stock shows a different story, with today’s share price 53% up on its $3.94 share price at this time last year.

Qantas has shown investors some good returns over the last 12-months, but is it time to take some profit after such a good run?

With crude oil costs set to increase Qantas’ bottom line could take a hit sometime soon, which will inevitably shove share prices into the declines.

Ord Minnett last week named Qantas as a sell off the back of “persistent headwinds” from a weaker domestic air travel market – signalling to investors they should take some profit soon.

Airline sector cousin Flight Centre Travel Group Ltd (ASX: FLT) is also down today, dropping 0.5% to $57.51 at the time of writing, but online travel agency Webjet Limited (ASX: WEB) is booking gains – up 1.6% to $10.81.

Foolish Takeaway

While the Perth to London non-stop route could be a future boon for the airline, prudent investors may see a space for at least some sell-off at present.

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Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Flight Centre Travel Group Limited. The Motley Fool Australia has recommended Webjet Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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