‘......must be some underlying issues’......
Hmmm! Guess there must be Paragraph.
According to this Saturday’s edition of The Australian-
- Morgan Stanley has adjusted its full-year underlying pre-tax profit estimate from a loss of $73 million to a loss of $504m for the current financial year, saying the second-half capacity situation "appears grim".
- However, JP Morgan is forecasting a net loss for the airline of only $157m, including the cost of the impending closure of its heavy maintenance base at Avalon in Victoria.
Agree, times are daunting and with the Roo’s response capability seemingly limited by a number of regulatory & financial constraints, no doubt the next instalment will be hard hitting.
Nonetheless, Qantas isn’t dead yet. Benefits of renewed direction should not be underestimated.