Originally Posted by
Rated De
Rather lucky to have a Melbourne terminal to sell. $276 million helps!
Brisbane and Sydney long ago gone. Head office sold, No compensation for engine problems or delayed aircraft, catering sold last year.
What point are you trying to make? Qantas have announced that they will exclude the proceeds of the sale from their underlying profit figures, because it is a one-off, the same as in previous years. I don't think anyone making financial or investment decisions has ever been confused about the difference between underlying and statutory profits.
Qantas have plainly made a judgement that there is greater value in a sale and leaseback arrangement, between freeing up capital, not having to have in-house property managers, and not having to split focus between running an airline and managing a commercial real estate portfolio.
Do you think Qantas should be spending time and money making decisions about Krispy Kreme leases in T1 instead of buying a new fleet?