Would it be fair to deduce that with the grounding costs of $95...sorry what day is it, $195 million, plus the $300 million for the restructure that a loss of $244 mil is really a profit of $250 mil without the negative efforts of AJ and co? That's not bad at all. How are we losing money again?
Make no mistake. QANTAS is profitable, including the International operations. As has been pointed out, there is continual waste, back flips, cancellations, embarking on new ventures, which wipe out any profits of the group, and the losses are then allocated against Inernational. I don't know of any company that has 3 CEO's to run it. More waste and more layers of management. The Domestic and International CEO's are obviously the buffer for AJ should one of the "businesses" not perform so well, then it is the "CEO" of that business that gets the bullet, and AJ's position remains intact.
As far as AJ and Co are concerned, everything that is good is bad, and everything that is bad is International.