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Old 17th Mar 2014, 01:17
  #3500 (permalink)  
Join Date: Apr 2009
Location: London-Thailand-Australia
Age: 10
Posts: 1,057
Seems some bond traders understand why Alan’s not happy
Oh dear, this is serious now! Bloomberg doesn't write this stuff for the fun of it...

“If revenue keeps falling the profit margin might remain very similar despite all the cost cuts,” Raymond Lee, who helps manage about A$6.5 billion at the Sydney-based fund, said by phone. “There hasn’t been any real positive news about the underlying business.”
Annual revenue at the 93-year-old carrier will fall this year for just the fourth time since 1993, according to the median of 12 analyst estimates compiled by Bloomberg.

Losing Control

Qantas will have to borrow money to pay for planes and other capital spending during the year through June due to negative free cash flow, chief executive Alan Joyce forecast Dec. 5. The measure, which shows how much cash is left over from sales once operating costs and capital spending have been paid, has only been positive in one year since Joyce took over in November 2008, according to data compiled by Bloomberg.
All the negative talk from Alan the last 3 years is now hurting the company big time... hope he is very happy with his self trumped "transformation" progress...

What happened to the trading environment? - YouTube

Last edited by TIMA9X; 17th Mar 2014 at 02:24. Reason: add link
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