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Old 21st Sep 2023, 03:03
  #305 (permalink)  
1A_Please
 
Join Date: Dec 2001
Location: Melbourne
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Here is the real scandal. How can a business that turns overs $19Bn a year and has spent over a billion dollars buying back its own shares only have shareholder equity of $10M? Robert Gottliebsen has a great article today on The Australian's website on this topic. Qantas relies on the cashflow it generates from customer prepayments for both flights and FF points to finance its business but its gearing is incredibly high.
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