PPRuNe Forums - View Single Post - AFR - Virgin Administrators come under fire for doubtful forecasts
Old 14th May 2020, 02:36
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lucille
 
Join Date: Jun 2001
Location: sierra village
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From the article : "But it is worth remembering that the cumulative net profits of Rex over the past six years exceed the combined net earnings of Virgin and Qantas over that same period."

What point does this statement intend to convey? How does it make any sense to combine net profits of QF and VA and then come up with a number which probably the "cumulative net profits" of your average Uber driver over the past six years would also exceed.

This article strikes me as being sourced from a media release by Rex's spin doctors. I cannot imagine any journalist spending the time seeking out and then adding up the profits and losses of each company for the past six years. Why choose six years, why not ten, why not two?

It is possible that Servo may not be so far off the mark after all.
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