Goose
Once again I find myself wondering how some of you people think. Lets get some 'facts' out there.
Sept 2001 - The International Air Transport Association had announced its member losses will amount to US$30 billion between September 2001 and the end of the 2003 calendar year.
2001/ 2002 - Qantas announced profits of $631m despite the aviation industry being turned upside down due to Sept 11. Results some what propped by demise of Ansett on Sept 14 2001.
Nov 2002 - Outset of SARS and turmoil in aviation industry
2002/ 2003 - Qantas announced profits of $502.3m once again despite aviation industry copping it across the board.
2003/ 2004 - Profit $964.6m
2004/ 2005 - Profit $1,027.2m
2005/ 2006 - Profit $479.5m
2006/ 2007 - Profit $1032.1m
2007/ 2008 - Profit $1,408m
2008/ 2009 - Profit Forecast $100 - $200m
Despite everything that has being going in respect to the extremely volatile airline industry, fuel prices, current economic climate, SARS, War on Terror, War in Iraq, Sept 11, Qantas has responded extremely well, much more than can be said to Qantas competitors.
I have absolute faith in the ability of the board and senior management to see Qantas out of this trough and to bigger and better things.
Do I think the airline industry will be the same: NO. There will be more merged entities/ partnerships. I will bet my house on the fact that Qantas will be in the mix and leading the charge in the brave new world of the airline industry.
You cant help wonder how Qantas employees who actively post in this forum continue to beat their own company down, I think this is UN-Australian. As I have previously mentioned, this is the time where staff/ management/ and shareholders alike need to band together and do what it takes to continue to offer the services that Qantas offers to the 35 million passengers it carries every year, not to mention the employment of 34,000 staff, most of which are Australian.
Let the records speak for themselves, Qantas will come out of this a better organisation.
Optimistic Shareholder