I think a lot of readers here would have had a squizz at the latest announcement and be a little familiar with the Qf Annual reports. Remember when International and Domestic were reported in separate segments? Not now of course. So then there was this statement from them today -
Mr Joyce and chief financial officer Gareth Evans hit out at critics, including unions and Senator Nick Xenophon, who have accused it of cost-shifting losses on to the international divisions to assist operations including Jetstar.
Mr Joyce said it was an "outrageous accusation'' which "baffled'' him.
Mr Evans said said each division of the airline operated on a separate "user pays'' basis for their own services and "there is no cost-shifting between Qantas and Jetstar.''
He said there was no separation in the accounts of the international operations, which the airline claims has suffered heavy losses, and the domestic Qantas operations due to the high crossover of costs involving aircraft and staffing.
If this is the case, HTF do they work out that International has lost $200m?