Qantas has had a chequered recent history, with earnings per share being as high as almost $0.40 in 2007, and as low as only $0.07 two years later. In the most recently completed financial year, Qantas eked out only 11.6 cents per share in earnings. In the past few years, Qantas' return on both assets and shareholders equity has been a good deal less than the average term deposit. It's hard to justify an investment in the Flying Kangaroo.
At the close of another week Q shares hit a new low $1.41, way to go Mr Clifford.
Just adds to the poor effort by management of QF.
Yeah, not a good week for the management, it is all building up to be an interesting AGM, very possible a few nervous executive types may be starting to ask themselves some hard questions. You gota say, it ain't all smooth sailing for them at the moment.