The Bureau of Historic Losses · Counterfactual Division
What if you'd bought Qantas in 2020?
In March 2020 Qantas grounded its entire international fleet, parked the A380s, and stood down two-thirds of its staff as COVID closed the borders. The Flying Kangaroo was effectively switched off — and the share price reflected exactly that.
$100 on 2020-01-01, worth today
A$141
As of 2026-06-12, $100 of Qantas bought at 2020's open (A$6.65) is worth A$141 — 1.41×.
total return · dividends reinvested · AUD
How much would $100 of Qantas bought in 2020 be worth today?
| You'd have put in | You'd have now | Multiple |
|---|---|---|
| A$100 | A$141 | 1.41× |
| A$1,000 | A$1,407 | 1.41× |
| A$10,000 | A$14,071 | 1.41× |
Lump sum on the year's first trading day, total return (dividends reinvested, splits adjusted), valued at the latest close. Past performance isn't a promise — it's a taunt.
What did Qantas do in 2020?
Opened
A$6.65
2020-01-01
Peaked
A$6.67
2020-01-02
Bottomed
A$1.99
2020-03-18
Closed
A$4.50
2020-12-30
Levels are dividend-adjusted, so historical figures look lower than the headline price of the day — that's the total-return lens, and it's the honest one.
Would steady buying have beaten going all in?
A$33,700 deployed as $100 a week from 2020-01-01, under four temperaments — same money, different nerves.
| All in on day one | A$47,418 |
| Steady weekly buys | A$57,759 |
| Sold dips, rebought rallies | A$44,821 |
| Traded it perfectly | A$74,715 |
“Traded it perfectly” requires knowing the future. Nobody knew the future.
The same $1,000, elsewhere
$1,000 at 2020's open, each valued at the latest close. Hindsight remains undefeated.
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