PPRuNe Forums - View Single Post - Merged: QANTAS Into Trading Halt
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Old 3rd Feb 2009, 22:31
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wirgin blew
 
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Just read all the info off the ASX site.
The Net Debt has increased by 38% or $1,796 million dollars in just six months. Net cash is down a little to $2,800 million.
All this debt you would have to presume is from the purchase of the A380's which will be an ongoing concern for QF. They are well and truly committed to the upgrading of the fleet by now so the debt will have to increase over the next few years whilst revenues continue to soften with the tougher times ahead.
As the public love QF they will no doubt snap up this offer but I wonder what sort of affect it will have on the share price over the next few months with an extra 200 million QF shares on the market.
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