Originally Posted by
V-Jet
Great to see a number - despite Qf paying for unknown (but large) sums - can you get any other years? JQ Int allegedly 50% loads, anyone confirm?
2016
3.636 Billion revenue, 452 Million EBIT
2015
3.464 Billion revenue, 230 Million EBIT
2014
3.222 Billion revenue, (116) Million loss
2013
3.288 Billion revenue, 138 Million EBIT
2012
3.076 Billion revenue, 206 Million EBIT
2011
2.613 Billion revenue, 169 Million EBIT
2010
2.197 Billion revenue, 131 Million EBIT
2009
1.646 Billion revenue, 107 Million EBIT
2008
1.564 Billion revenue, 102 Million EBIT
Originally Posted by
Rated De
There is a threshold of revenue and other parameters that necessitate a segment being reported. JQ presumably do not meet these thresholds.
If JQ does not meet the threshold MANAGEMENT can CHOOSE to report the JQ segment as Domestic and International if;
'Operating segments that do not meet any of the quantitative thresholds may be considered reportable, and separately disclosed, if management believes that information about the segment would be useful to users of the financial statements'
Qantas management prefer not to report both segments. The mind boggles why not, particularly if it is as they claim, somehow a 'standout'. Many with whom I consult, say JQ is a standout, for all the wrong reasons.
Qantas management choose not to. Why not?
So by your own admission, they don’t meet the threshold to necessitate individual reporting. Yes, they could choose to report individual Jetstar segments if they believed that the ‘
information about the segment would be useful to users of the financial statements.' It’s axiomatic that they don’t think it useful to report separately. It depends on what agenda you’re pushing as to what you want reported and why. From the Qantas pilots on here, I guess you want to prove that the JQ international division is underperforming. From the Jetstar perspective, there is plenty that would like to see the Asian franchise results. What’s Qantas’ agenda? I’m guessing they want to hide the Asian franchise results. At the end of the day none of this matters, as the bottom line is Jetstar is profitable, even with the encumbrances of the multiple franchise divisions.
Originally Posted by
Rated De
JQ has a role in the leisure segment, but it has grown beyond its paddock and is arguably a real drain on the performance of the Qantas segment.
How do you figure that? Do you want a regulated market? Should Jetstar stop growing in the hope that Qantas grows into the market ahead of the competition? What about the competing airlines, should they also hold off expansion to allow Qantas to grow into the market?