Quote :
Qantas chief financial officer Peter Gregg said yesterday that he did not expect S&P's revised outlook to have any immediate effect on borrowing costs.
"This has come off the back of the higher fuel price," Mr Gregg said. "We have already signalled to the market that fuel costs would have an impact on our profitability and that we'd need to undertake a more aggressive program to accommodate the higher cost."
I am sorry but the CFO is not being honest.
He has repeatedly stated the it would be disasterous for Qantas if they lost the BBB+?A2 rating. Disasterous
On one of the Threads someone quoted Rod Eddington "the purchase of Ansett by AirNZ will be good for the airline and staff". This statement by Peter Gregg has the same ring......"believe me I am telling porkies"
Isn't it an offence to mislead the Stock Exchange?