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Old 4th Mar 2020, 04:16
  #195 (permalink)  
PPRuNeUser0198
 
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Margin lending. Such a poor investment strategy. People who do this are really misinformed.

but the economies of scale with DNATA owning hundreds of catering centres

And Gate Gourmet as another competitor. The cost base for GG and Dnata has always been lower than QF, and its legacy awards. QF was losing airline catering business. Too expensive. They had scale once. But sold off centre by centre. Dnata has an agenda to 'rule the world'. QF had no hope. QF would have received a very handsome sum for the SYD and MEL facilities.

Lufthansa are also looking to exist LSG and airline catering. Airlines need to get out of it. Focus on the core business for flying aeroplanes and running loyalty programs.
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