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Old 5th Apr 2017, 21:54
  #153 (permalink)  
Tuck Mach
 
Join Date: Oct 2016
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An high office holder individual using corporation's (other people's money) to advance a personal agenda is not usually welcomed by either shareholders or regulator.

Joyce has a litany of failures, from Red Q, to JQ (HK, Asia or Vietnam?), static real group revenue, an alliance with EK that delivers not a dollar of revenue, from 'terminal' to transformed, needing $3billion, then not... this is simply a distraction.

Whilst the sun shines on his empire, blessing him with cheap fuel, he is happy to distract the masses and dance through the meadows. Bread and circuses for all!

Astute observers of the corporation, would suggest that attention be focused on what the capital structure is when the sun stops shining, what fleet options are delivered to reduce fuel expense (CASK) to ensure that when the next downturn bites, those of any persuasion in the employ of Qantas are still gainfully employed.

As Buffett remarked, the rising tide lifts all boats and cheap fuel a blessing, but when the tide goes out, Joyce will be swimming naked. It will not be pleasant.

And thank you got wheel made me laugh for a considerable period!
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