Originally Posted by
Deano969
Simple question is Mick
Could QF/JQ reimburse future flights that had been booked and paid for when the shutdown happened ?
Answer no....
Why ?
They expected things to just keep rolling along without interruption and all would be well
In the past they had assets to back up this "loan" from their customers, to a large extent, these assets no longer exist
And they still have a ton of "vouchers" to honour
This is a worry
Simple answer. As usual, you are
wrong ... again.
Try reading a financial report before making such manifestly dumb statements. The Qantas Group's position with regards to Cash and cash equivalents versus Unavailed passenger revenue (that is, flights booked and paid for) for end of December 2021, June 2021, December 2020 and June 2020 was as follows:
HY22
Unavailed passenger revenue ... $2.570 Bn
Cash and cash equivalents ....... $2.705 Bn
FY21
Unavailed passenger revenue ... $2.143 Bn
Cash and cash equivalents ...... $2.221 Bn
HY21
Unavailed passenger revenue ... $1.766 Bn
Cash and cash equivalents ....... $2.606 Bn
FY20
Unavailed passenger revenue ... $2.031 Bn
Cash and cash equivalents ....... $3.520 Bn
Hopefully even your grasp of numeracy will extend to understanding that throughout the two year period covering the various shut-downs, the Group held sufficient cash to cover unavailed passenger revenue.
Frankly, your manifest inability to get basic financial matters right is THE worry.