QANTAS Profit Forecast Upgrade

[Syd eng]

QANTAS released a media release to the Sharemarket today for a profit forecast of 25-30% more than last year if fuel prices and market conditions stay the same for the rest of the financial year.
Wonder if Mr Gloom and Doom will actually thank Staff for the profit upgrade?

[lowerlobe]

Maybe they are doing this to increase the share price so that a hostile takeover is more difficult or at least more expensive to achieve.

Maybe also it might mean that Darth and his gang of four will get more for their 1% of company value if the takeover is approved.I suppose that if we do not get new management then Darth will get another well deserved stupendous bonus ....AGAIN....I can't wait to see what we are offered.

It will be interesting to hear the Prince of Darkness put his own spin on this tonight on the news

[Ultralights]

Wonder if Mr Gloom and Doom will actually thank Staff for the profit upgrade?


Hhahahahahahaahahahahahahahahahahahahaha breath in, hahahahaahahahaahahhahahaahaah


so the profit increase is because of falling oil prices? hmmm, more like falling oil prices and a static fuel surcharge!

after 5 record profits, in the past,the share price didn't move, and continued on its usual downward trajectory. all price movement at this point in time is purely speculation based on take over rumors.

[roamingwolf]

Does anyone else find the timing about an increased profit forcast interesting to say the least.!!!!!

[assasin8]

What, is it that time of the year again when Darth and his mates review their pay ???
:oh:

[Syd eng]

Also timing of the announcement the day after the LAME EBA meeting where most of the ALAEA log of claims were rejected and a 1 year EBA was asked for by the company, 2 years at most.