Could everyone please do me a favour and refer to the correct profit figures.
As we know the accounts are audited and therfore beyond question !!!!
And the real profit last year is
“Operating cash flows grew to $1,782 million, an increase of 32 per cent on the prior year result of $1,351 million”
http://www.asx.com.au/asxpdf/20110824/pdf/420l5cs8mtnq60.pdf
You see a company does not pay bills with an EBIT it pays bills with its cash flow. So not the tiny figure of $500M we earn real hard earned $$$$$$$$$$$$$$$$$$$$$ after all tax's and costs wages fuel interest leases and everything to do with Jetstar we still made nearly $1.8 BILLION dollars a year.
Be proud of that figure because this is what they are after. We hold over $3B in cash and make nearly $2B a year, run the share price down to the value of the cash by creating a fight with everyone, talk down the brand and then steal it for less than its worth in cash and one years cash operating profit.
thats the real game here !!!!!!!
Ohh and guess what Jetstar makes as a contribution to the $1.8 BILLION ......... less than $200m and then minus the subsidies already exposed more likely a negative cash contribution.
This is the real story, no matter how they try and hide the truth, cash flow is king.
I asked 6 year old child last night a question. If you had a four engine plane burning 190 Ton of fuel and a two engine plane burning 110 ton of fuel and you paid for each engine hour seperatly which one would you make more money with !!!!! He answer correctly, shame he is not the CEO !!!!
