Rubbish
Qantas is one of only three airlines in the world that has an investment grade credit rating.
Its credit rating has nothing to do with its cash burn rate.The CBR is the relationship between its day to day operating costs and its revenue.So far its standing up.
It is obliged by law to be truthful about its cash reserves which currently stand at $A3.5 Billion.
The top up for its defined benefit scheme this current financial year is $A66million unlike BA which is in the hole for !.5 billion pounds.
Qantas share price has been trashed along with rest of the worlds stock prices.Qantas has not been singled out
Airlines are a cyclical business and require large capital investment in the form of aircraft purchases.When stock markets go south so do airline stocks.
Qantas has become overmanaged in the last 8 years and AJ is redressing that imbalance.That is about the only statement that was true in the last post.
Read and remember.....this economic downturn will be over in a year.
Airline revenues will be back to normal within this time frame.
Qantas will be here when others are long gone
Last edited by packrat; 18th Apr 2009 at 20:37.