Originally Posted by
keepitrealok
You have a very myopic view.
Delta Airlines paid out record 1B in profit share to employees.
Qatar Airways, from reports, is about to announce a record profit.
IAG has just announced a record first quarter profit.
Lufthansa Group has just announced a 4.6% increase in profit on last year, keeping their margins at record prior-year levels.
A certain un-nameable airline in the ME have never had a market, and will never succeed alone.
EK is finally having all of its chickens coming home to roost. The oil price has damaged the ME in extremely significant ways, and, ironically, EK is feeling the brunt of it. Cost cutting has meant that the EK product is no longer what it was, and passengers are going elsewhere.
BNEA320 your statement is a sensationalist, and uneducated one. To put it bluntly, you are full of ....
wow are you a big real estate investor ?
Have shares in Alitalia, Air Berlin, Etihad, Qantas ? good luck with that.
Some very creative accounting is done, with international airlines, moving expenses to a different year or different jurisdiction. Know some tax lawyers/accountants who can make any balance sheet look good or bad for a while, but eventually the truth has to come out.