I guess there is one positive that could come from AJ sinking the QF group,,,, he's unlikely to ever work in aviation again.
Yep, you would thinks so, but he's still there...
From Ben Sandilands blog tonight
What does the devastating drop in Qantas shares really tell us about the calibre and candour of its management and board?
The most immediate thing it tells us is the those charged with leading this company neglected their duty of continuous disclosure, and expect us to go on believing fairy tales.
Every other major airline affected by the common issues of soaring fuel charges and adverse effects of eurozone instability, and yield erosion, reported those consequences in relation to their profit outlook in a timely manner.
Not 25 days before the end of the financial year. And not accompanied by lame excuses about how the management only become aware of how serious the situation had become in recent days.
It is obvious that investors have lost confidence in this management, and their late disclosure excuses either mean management wasn’t actually paying any attention to the fundamentals, or for some undisclosed reason, decided not to share them with its owners.
Qantas finishes at $1.06 in volume trading | Plane Talking
I think Ben has got it in a nutshell.. Clifford must be a little nervous tonight about his choice of CEO...
isn't he?