debt has increased quite significantly.. 840 million.
Put yourself in Joyce's position. Not in bed, I hasten to add, but financially.
He has a MASSIVE opportunity to write down whatever the hell he wants. There will be losses everywhere. He will be bleeding losses. Although, not so much for his personal salary, obviously. He will still get paid, but for everything else - it's a cataclysmic disaster.
Qantas is (and in this regard I agree with the tepid little worm) too big to fail. In spite of everyting (sic) he's (sic) done for (sic) the Company, it will leap from the bowels of destruction to an incredible turnaround in whatever time frame can be mutually agreed by his (sic) accountants and the Govt.
Up until about September last year I did have (some) sympathy for Elaine. It wouldn't have been easy, But he was 'always' too big to fail. He knew it, the Govt knew it, and he is a master of graft, political soft glove 'persuasion' and naturally, persecution of staff.
That bit is yet to come.