Originally Posted by
Chadzat
The share price means nothing with a free float of about 15% or whatever it is.
The results reveal the true health or lack thereof of the business. In true form maybe JB is just doing a Qantas of a few years ago? Release a huge re-structuring statutory loss and then the following years he will look like a hero.
As much as the fleet restructuring will hurt in terms of all the pilot movements, no airline ever went broke with a large fleet of 737s and not much else....
Except for one difference... QF was unprofitable in just that one year... that's an accounting adjustment... VA's track record of loss has lasted for 5 years, heading into the sixth... that's not an accounting adjustment, that's an accounting disaster.