Originally Posted by
Chronic Snoozer
Hi Mick,
Any comment on this from AJ?
G'day CS,
I think he's dead right. There's something decidedly amiss when an airline
- gets nearly 20 per cent of its previous year's revenue just handed to it as 'last resort' grant funding,
- takes a significant P&L write down 'in anticipation of difficult trading conditions in the next two years', and then
- launches an expansion the cost of which is greater than its current market capitalisation.