Word is 777 purchase will be announced today.
No doubt about it,the announcement about the 777 is going to be made today.
I got an email about it and they can't be wrong,just ask the Libs
Apparently not. If Ben Sandilands' summation is correct.
Qantas: No 777s, more A330s, 87% less profits and group flew into negative earnings in second half
August 19, 2009 – 9:02 am, by
Ben Sandilands
The Qantas full year financial briefing to 30 June is underway.
Its filings are available on
Australian Securities Exchange - Stock Market
Information, Stock Quotes - ASX under the code QAN.
The highlights are:
- Profit before tax down 87% compared to the previous financial year to $181 million
- This is less than the half year to 31 December PBT of $288 million, indicating a second half overall loss.
- The group will lease 4 more Airbus A330s to make up for delays to the 787 program on which it remains ‘committed’ but ‘vigilant.’
- The additional A330s will allow Jetstar to pursue its international expansion.
- No final dividend to be declared with 6 cents per share paid on half yearly results accounting for a full return of profits to stock holders.
- Record earnings for the Frequent Flyer program of $310 million EBIT, or an underlying $226 million under complex accounting procedures outlined in a supplementary ASX filing.
- Qantas brands lost $77 million for the full year after non-recurring items and had an underlying profit of $4 million.
- Jetstar made a record $137 million EBIT, a rise of 18%
- As reported in on Plane Talking two months ago, Jetstar will cut Avalon-Sydney services and begin direct Melbourne-Sydney flights in October to deal with Tiger at 5 flights a day.
- Qantas will reconfigure its A380s and Boeing 744s for more premium economy seats and less business class seating, details to be announced later.