It must be getting harder and harder for the spin doctors to keep a straight face ,"gloom ,doom times are tough, it is such a turbulent industry, we must contain costs (etc read screw staff harder )" when stories like this start appearing revealing the truth of the matter.
From SMH
January 15, 2007 - 12:05PM
The plummeting oil price has prompted an upgrade of Qantas' earnings forecast by analysts at Macquarie Bank.
The investment bank happens to be part of a private equity consortium trying to buy Australia's biggest airline, in an $11 billion deal.
On the back of a significant decline in the price of oil over the past month, Macquarie Research Equities has lifted its 2006/07 pre-tax profit forecast for Qantas by $140 million to $1.008 Billion