Partnership transition costs. Jetstar HK and JP start-up costs - these will be some of the excuses for this current year.
Forward projections will be trimmed due to the strengthening dollar and increased competition to the EK/QF "partnership" from others who had managed to trim their own costs better in an ever more volatile industry.
All of the above have already been dropped into the pond, just need to wait for the ripples to hit the final report.
But wait: there will be a glittering new project to look at and wonder about ... maybe RedQ reappearing at SIN to tap that premium market - something to throw a lazy $50m at to distract the audience and from which the plug will be pulled after a suitable period.
It's all become soooo predictable.
Regards,
BD