Another thing that doesn't sit right for me is the share buy back. Nov 2012 qantas paid off $650 million of debt early, and over the following 6 months spent about $100 million buying back approx 4% of shares on issue.
Old mate,
It's no surprise to anyone that this board engaged in a buy-back only to watch the share price drop like a stone.
They can't even get THAT right. Did they believe their own spin?
Now watch for the next announcement on fuel hedging.
Due diligence nowhere in sight.