In 2005 Qantas ordered the first B787s in the World. 45 at $4.1 billion(serious discount) and 20 options at $25 million each and 50 options(free). How many have they taken delivery of? 14 to Jetstar(low yielding low cost carrier) and 8 to mainline. Remember Qantas earns 2.65 times the earnings that Jetstar does! Talk about taking the eye off the ball! Remember they have sold all the Assets to help the bottom line and AJ is the highest paid Airlines Executive in the World. The Airline HAS NOT BEEN TRANSFORMED and whoever comes next faces a huge hurdle of Capex. Maybe it is time to short the QF stock! Corporations in Australia have had it too good for too long. It is not only the Banks and AMP that need looking at. When it looks too good to be true it probably is.
Qantas desperately need a new fleet.