Crying poor is not enough. A full explanation is necessary
Virgin got a big bucket of money.
AJ was not happy.
Canberra tells him to jump but maybe we can help a little bit.
Waiting huge loss announcement as is Virgin.
Qantas assets maybe sold.
*Press starting to wake up that not all is well at Qantas and actually write negative articles.*
Scorched earth policy mooted at Qantas on the back of said poor results.
How true are those two quotes... and
Ain't no conspiracy, just dumb and dumber at the helm
Qantas is not an LCC but dumb & dumber have been treating it like it is, gambling with the premium brand money hence the problems we are now facing .. even the No 1 LCC in Europe is having problems, people have had enough of it
Ryanair reveals £28m LOSS after worst end of year results for five years | Mail Online I think dumber went to the same school in Dublin.
Ngineer is spot on with his quote,
interesting read, claiming $120mill pumped into Jet* Asia along with the share buyback shortly followed by a big profit warning.
To me it looks like either the board were not paying attention to the cashflow, or something else was going on.
It's the year of expiring EBA's and the Libs in power so anything is possible I guess (IMHO)
also from the same article I thought this was a very important couple of lines as well as I worked for Amatil in my earlier years, they just cruised along, life was easy.
my bolding
All three companies are victims of structural change in their industries, although Coca Cola Amatil and Qantas are also guilty of poor strategic decisions that have undermined the profitability of key parts of their businesses. They still have the ability and the resources to clean up their mess.
Most other International airlines competing here in Australia have got it right except for you know who... who has the total support of chairman dumb and his banker board.... bean counters who are now exposed, that's why Alan is not happy... I think people doubt he can clean up the mess and he knows it,
for those who missed it