Sunfish said:
its the "100 A 320's for Jetstar Asia" that will break the company. Either the deposits are lost or they are sold at rock bottom prices.
Indeed! The "restructure of the A320-200 order book" reference needs a lot of questions asked. Are we talking the A320 NEO's here? What is that really all about? Sounds very messy and costly.
Lots of questions and NOT AJ's finest hour. In all honesty, a tougher slash and burn would have left Joyce with more credibility. Or: an announcement to aggressively replace all 747's and 767's with 777's, say, (well, that was never going to happen, obviously) would have given Joyce a boost. No, this "plan" is pretty much more of the same. Kick the tin-can down the dusty track a bit more.
Hence the share market reaction. And it means Joyce's time IS up. Watch that space, I reckon!