PPRuNe Forums - View Single Post - Feb 21 - Qantas due to release its first-half results today has been caught off guard
Old 20th Feb 2013, 23:59
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going down-under
 
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It included $125 million in cash from Boeing for cancelling firm orders for 35 of the long-delayed 787 Dreamliner planes.

Read more: Boeing cash papers over Qantas cracks]
Cancelling frees money in your account, but you still pay a penalty (so you pay for an aircraft you're not buying)


Qantas emphasised that all of its operations including Jetstar were profitable apart from its premium international division. But it highlighted the fact that the losses of Qantas International had been reduced by 65 per cent to $91 million in the first half.
Read more: Boeing cash papers over Qantas cracks]


A 65% reduced loss is still a loss
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