Originally Posted by
43Inches
Anyone who thinks $6 billion of debt is going to suddenly vaporise when rates are going up has to be kidding. Even at 5% that's $300million in profit going to keep the debt at $6B, Ie Rex annual revenue just to stop debt spiraling.
Well, in the trading update last month Qantas’s debt was down to $4.5B, so it looks like $1.5B has already “vaporised”.
That’s less debt than pre-Covid apparently and that was when they were making $1B profit.