Is the Qantas Airways share price good value?

The Qantas Airways Limited (ASX:QAN) share price could be great value according to one leading broker. Here’s what you need to know… You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.

Why is the Qantas share price pushing higher?

The Qantas Airways Limited (ASX: QAN) share price is pushing higher on Monday morning following an update on its share purchase plan. At the time of writing the airline operator’s shares are up 2% to $3.39.

Should I invest in Qantas shares?

I believe at its current share price, a price quite possibly below intrinsic value, investing in Qantas shares would mean sacrificing better investment opportunities elsewhere. In particular, in companies which have a greater likelihood of increasing their value over the long term.