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.
