Does Qantas actually have the
money for the 99 A320 order?
With the US treasury yield nudging 3.00%
credit costs are rising.
Has Qantas' self indulgent share buybacks (totaling $2 billion) mean they lack
sufficient capital and will defer/cancel any further re-equipment of Qantas International in order to fund the 'non-cancellable' JQ order? Has Qantas realised that the cost of funds has increased. Combined with contango in the jet fuel price, Qantas faces a self induced problem of a fuel inefficient fleet, rising jet fuel prices, a $9.5 billion order for the under performing JQ brand, and rising credit costs. Almost like the tide has turned?
If so it makes sense that the industrial narrative being pedaled by 'RealityCzech' that Qantas International may again, despite their pronouncements of 'transformation' (and consequent big bonus payments) be in jeopardy. It would suit an industrial play to obfuscate the real issue of management incompetence. In other words, 'Qantas do not need a new fleet' and
blame the
labour unit costs (pilots) hoping that no body remembers the FY15 'transformation'.
Qantas need a new fleet