Why all the doom and gloom.
Qantas is still making a profit.
The profit they make is merely a drop in the bucket in comparison to the mountain of debt.
It made 40 million last 1/2 year. Has borrowed 600 million to fund operating costs instead of paying down debt, instead it just racks up even more.
If it was losing billions a year i could see a reason for it to fold and the goverment coming to the
A billion dollars was wiped off the value off the company in just a matter of a few DAYS. With the share price withering away it loses the ability to be bailed out which means only one thing can happen.