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Old 23rd Oct 2019, 00:38
  #40 (permalink)  
Going Boeing
 
Join Date: Jun 2001
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It's interesting how Vanessa keeps comparing QF Domestic with the main competitor, Virgin - no mention of International comparisons, why was that?

In 2012/13, Joyce was proudly proclaiming that QF International was a basketcase, in terminal decline, etc. Despite the fact that the loads hadn't decreased he pulled QF out of major routes (SYD-SIN-FRA & AKL-LAX) and ran to the government for a tax payer handout. When the government required a forensic examination of the accounts before any handout could be considered, he backpedalled, slunk away and recorded a record profit only 12 months after the $2.8 BILLION paper loss. The fact that the International division's losses were being manipulated by management was shown when JQ domestic pilots posted pics of their fuel invoices with QF International shown as the receiver of the fuel. This was one of many ways that the accounts were (& still are) being fiddled but Vanessa doesn't want to go there as there may be an investigative reporter still keen to find the truth and that would be embarrassing.
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