Without prejudice, just for hypothetical..
“In breaking news today, the QANTAS share price dropped below $1:50 for the first time in years, wiping millions off the share price. The S and P downgrade followed the departure of the CEO international after the ongoing feud between QANTAS and the AIPA in reaching an agreement with its future ULH operations. The head of AIPA stated, “we still believe we should fly the aircraft on the 787 contract with an added percentage, unfortunately, it was QANTAS who played the outsource card. We have done and will continue to do everything in our power to help our customers get to their destination on time and on schedule. They cannot ground the fleet whilst we are delivering the usual product, albeit a little more expensively. The increase in cost is only due to the existential threat QANTAS imposed on its workforce who feel they own part of the goodwill of the brand.”
It was noted by local share broker and aviation EXPERT Jeffro Thomarse, that there are no share buy backs in a tumbling market, the covid-19 virus is still causing havoc and the recession that Australia has had for the first time in 26 years has lead to increasing pressure on the board to come to a deal with its remaining pilots. When asked for comment QANTAS refused. We await further on the update from the latest talks with Jetstar, over to you Jenny.”