PPRuNe Forums - View Single Post - Qantas loses $860 million last year.
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Old 26th Aug 2022, 06:19
  #27 (permalink)  
43Inches
 
Join Date: Oct 2007
Location: Aus
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That's what I thought, so they have sold more of the farm to prop up the luxury yatch. Hence why asset to share ratio fell significantly. I don't see anything in that result that reads well for the company for future operations, let alone its turning around in a year. The only thing profitable was the 'loyalty program' for the suckers that keep paying for it. Even J* made half a billion loss and they have been full to the hilt. Not sure where AJ thinks he's getting $1 billion in savings from, very much sounds like VA during the final years, selling everything to lessen losses and make marginal profits. Oh but you need those things to operate, so then lease them back at stupid rates.
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