So Leigh at your April board meeting what has been obvious for a decade to the industry finally hit home: Qantas need a new fleet.
Whilst of course 'commercial in confidence' is the standard line pitched to all, what would 6 787 aircraft cost?
Prudent management would have seen these aircraft purchased years ago, protecting fuel included CASK, growing operating profit margin, but self enrichment of insiders is a powerful drug. With share buy back and capital returns totaling AUD$2 billion, you could have paid for these aircraft out of cash flow surplus, such was the cheap fuel it was self interest all the way!
With WTI crude nudging USD$70.05 jet fuel forward hedging, given contango, becomes a lot more expensive. Maybe you need a few more?
Reality Czech whereabouts unknown. We await with interest the return from the Campus with a quantitative analysis as to the 'value of JQ'