GREG HOY: He blamed the large losses on the soaring dollar, fuel prices and the drag on profits of Qantas International. But Alan Joyce claims the airline is slowly turning the corner.
ALAN JOYCE: The benefits of our transformation program have started to come through.
GREG HOY: So is the Qantas chief's air defence a fair defence?
TONY SHELDON, NATIONAL SECRETARY, TWU: We've got the first loss in 17 years from a management who’s completely lost their way.
VAS KOLESNIKOFF, CEO, AUST. SHAREHOLDERS ASSN: The reality is it is a statutory loss. That is the true result of the company and we believe the management and board should be clearly accountable for the company's performance and its result.
GREG HOY: But it’s not just shareholders it seems concerned how Qantas portrays its profit and loss. Former senior Qantas executives have also voiced their concern to 7.30 about the credibility and transparency of Qantas accounts endorsing the protests of others.