PPRuNe Forums - View Single Post - latest news-Qantas Sales Act to go, if can get thru senate
Old 25th Feb 2014, 05:21
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Going Boeing
 
Join Date: Jun 2001
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some venture capitalists if they can buy cheap enough, then break up QF & let international go broke fast.
XPT, are you sure that the International Division is actually losing money?

Joyce needed an excuse to cancel the last eight A380's and 51 B787's to free up capital to purchase 110 A320's for Jetstar. He steadily doctored the books to make the International division look as if it wasn't performing and then said that there would be no more investment in International until they return Cost of Capital.

The loads on the flights are so heavy that, providing Commercial have got the yields right, they should be making good profits. There currently is an excess of pilots due to so many aircraft being retired and that will be a significant cost but the business itself is sound.

A new management would sort out the "smoke & mirrors" accounting system that Joyce has set up and then we'd see the true performance of the various divisions.
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