Outgoing Qantas chairman Margaret Jackson...said the result had significantly improved the company's cash position. This now stood at $3.4 billion which provided enough surplus capital to make the share buyback possible and therefore reward shareholders further.
Another report in the SMH said that this 3.4 billion is about 400 million in front of where the estimates where a while back. My question is why was this surplus being put aside and what would APA have done with it had they gotten hold of QF.
