Virgin on Ch 10 news
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Yep, SQ have enormous issues. Like, maybe where to spend the $1Bill+ profit in a year when all the other 'big ones" did their pants.
They are probably only thinking about how to turn that $1Bill into $2Bill .
They are probably only thinking about how to turn that $1Bill into $2Bill .
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Yep, SQ have enormous issues. Like, maybe where to spend the $1Bill+ profit in a year when all the other 'big ones" did their pants.
THis year is going to be much tougher for QF/BA and of course SQ's profits... I doubt SQ will make anything near $1B given they have had something like 25% of their traffic drop off
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Boy, looks like the thread just took a sharp left turn into "what's the status of SQ"!
I only made an uneducated suggestion that SQ are probably not interested in Australian based airlines that are in various forms of trouble but, are looking after their own still profitable business.
I don't follow SQ's fortunes and don't have any real facts but, I believe (from friends) that last year (to Dec 08) it was a 1.2 Billion, the year before was 2+ and they are half way through the current year.I think that they are now and always have been in profit.Those enormous problems, I would like to have!
Of course, I would sell up,take the money and get out of aviation!
Back to VB?
I only made an uneducated suggestion that SQ are probably not interested in Australian based airlines that are in various forms of trouble but, are looking after their own still profitable business.
I don't follow SQ's fortunes and don't have any real facts but, I believe (from friends) that last year (to Dec 08) it was a 1.2 Billion, the year before was 2+ and they are half way through the current year.I think that they are now and always have been in profit.Those enormous problems, I would like to have!
Of course, I would sell up,take the money and get out of aviation!
Back to VB?
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Those enormous problems, I would like to have!
http://info.sgx.com/webcoranncatth.n...df?openelement
S$307 MILLION LOSS IN FIRST QUARTER
GROUP FINANCIAL PERFORMANCE
First Quarter 2009-10
The combination of the global economic downturn, the outbreak of
Influenza A (H1N1) and fuel hedging resulted in a loss of $307 million for the first
quarter ended June 2009. This is the first quarterly loss since the SARS crisis in 2003.
Group revenue fell 30% from April – June 2008, down by $1,260
million, as carriage and both passenger and cargo yields declined, the former
reflecting increased competition and promotional fare activities.
Group expenditure at $3,191 million was $598 million (-15.8%) lower
than the same quarter in the preceding financial year. The drop in the price of jet
fuel provided relief of $1,140 million, partially offset by fuel hedging losses of $287
million (compared to hedging gains of $349 million last year).
The Group recorded an operating loss of $319 million for the first
quarter, against an operating profit of $343 million last year.
GROUP FINANCIAL PERFORMANCE
First Quarter 2009-10
The combination of the global economic downturn, the outbreak of
Influenza A (H1N1) and fuel hedging resulted in a loss of $307 million for the first
quarter ended June 2009. This is the first quarterly loss since the SARS crisis in 2003.
Group revenue fell 30% from April – June 2008, down by $1,260
million, as carriage and both passenger and cargo yields declined, the former
reflecting increased competition and promotional fare activities.
Group expenditure at $3,191 million was $598 million (-15.8%) lower
than the same quarter in the preceding financial year. The drop in the price of jet
fuel provided relief of $1,140 million, partially offset by fuel hedging losses of $287
million (compared to hedging gains of $349 million last year).
The Group recorded an operating loss of $319 million for the first
quarter, against an operating profit of $343 million last year.
Join Date: May 2009
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People are kidding themselves if every airline around the world isnt doing it tough right now, People point the finger at VB all the time, bloody amazes me, QF have had $900 million wiped off in a 12 month period
it's all about proportion VBPC - Qantas loses $900m and still flies. VB loses barely half that and times up! VB is (long term) more of a risk than qf, for both shareholders and employees. Hope for the best, but have an exit strategy (as a number of crew have). September 5th 2001 was just another day at work for most Ansetters.
