QF and VA Fleet Drop in Value
The news for QF and VA keeps getting worse. AA (American) has just announced 155 fleet units will be retired immediately. The number includes 76 x B737-800s, 9 x A330-300s, 34 x B757-200s, 16 x B767-300s and 20 x EMB 190s.
These units plus others no doubt to follow in the coming days/weeks/months will reduce the asset base value of QF and VA considerably.
Macquarie Bank are saying Qantas could be taken over by cashed-up Wesfarmers. Point to note: The Chairman of Qantas is Richard Goyder the former CEO of Wesfarmers.
A worldwide depression rather than a deep recession is now looking more likely.
Airlines that have not been mentioned as yet whose future is in doubt unless large sums of cash can be found include Thai International, Air India and Hawaiian Airlines.