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Qantas announces $1.9 billion loss

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Qantas announces $1.9 billion loss

Old 20th Aug 2020, 23:40
  #21 (permalink)  
 
Join Date: Jun 2008
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Whether heís posturing for a government handout or laying down a precursor to more job losses/downward pressure on pay and conditions, the only certainty is he will do VERY well out of this while we all burn.
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Old 21st Aug 2020, 03:05
  #22 (permalink)  
 
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Originally Posted by gordonfvckingramsay View Post
Whether he’s posturing for a government handout or laying down a precursor to more job losses/downward pressure on pay and conditions, the only certainty is he will do VERY well out of this while we all burn.
Never a truer word spoken.

While the share price is low, AJ & his sidekicks will transfer all of their income to share options at a predetermined price and stave of taking any salary for as long as they can/have to. Then when the timing is right and/or there's a big enough distraction, they'll collect their share options and cash them in. A very large percentage of executives around the world are using the same strategy during the downturn.
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Old 21st Aug 2020, 05:10
  #23 (permalink)  
ebt
 
Join Date: Feb 2006
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Originally Posted by Double_Clutch View Post
When will QF be seeking Government support?
It's already receiving it under the RANS and DANS programs, although the support is going on fewer routes as time goes on. It is route specific and aimed at ensuring a minimum level of connectivity, so not a bailout per se, but certainly helping to flights in the air.
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Old 21st Aug 2020, 06:17
  #24 (permalink)  
 
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Originally Posted by Redpanda View Post
Bonuses all round for executive management!
Iím confused, ASX release says no bonus....

Please explain?
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Old 21st Aug 2020, 07:59
  #25 (permalink)  
 
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AJ and crew deserve a bonus
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Old 21st Aug 2020, 08:08
  #26 (permalink)  
 
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Originally Posted by Double_Clutch View Post
AJ and crew deserve a bonus
Why? Aren't they just doing their job?
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Old 21st Aug 2020, 08:34
  #27 (permalink)  
 
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Originally Posted by Double_Clutch View Post
AJ and crew deserve a bonus
For......?
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Old 21st Aug 2020, 09:21
  #28 (permalink)  
 
Join Date: Jan 2006
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Originally Posted by gordonfvckingramsay View Post
For......?
For not running the business into the ground like over the fence at Virgin perhaps? I guess if you don't like working for the rat you can always go to VA. Oh wait....
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Old 21st Aug 2020, 09:50
  #29 (permalink)  
 
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Originally Posted by ANstar View Post
For not running the business into the ground like over the fence at Virgin perhaps? I guess if you don't like working for the rat you can always go to VA. Oh wait....
Again, isnít that their job?
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Old 21st Aug 2020, 10:25
  #30 (permalink)  
 
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Originally Posted by SandyPalms View Post
Again, isnít that their job?
Precisely.

And letís not forget that most of the ďamazingĒ numbers have been due to slight of hand and write-offs.
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Old 21st Aug 2020, 22:19
  #31 (permalink)  
 
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As I said some time ago, the bankers are worried about Qantas survival without a bail out.
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Old 21st Aug 2020, 22:30
  #32 (permalink)  
 
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Originally Posted by Sunfish View Post
As I said some time ago, the bankers are worried about Qantas survival without a bail out.
Maybe these piece of sh;t Premiers can chip in to that bail out fund?
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Old 21st Aug 2020, 22:46
  #33 (permalink)  
 
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Originally Posted by Sunfish View Post
As I said some time ago, the bankers are worried about Qantas survival without a bail out.
But seemingly not the investors. Share price up almost 4% the day after the announcement. Share price up to $3.70 from $3.20 three weeks ago. Theyíre seeing something these supposed bankers arenít.
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Old 21st Aug 2020, 22:59
  #34 (permalink)  
 
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Originally Posted by dr dre View Post
But seemingly not the investors. Share price up almost 4% the day after the announcement. Share price up to $3.70 from $3.20 three weeks ago. Theyíre seeing something these supposed bankers arenít.
A bailout? Potential government $$$ is always good news. Look at US stocks in the midst of the biggest recession/ depression for almost a century.
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Old 22nd Aug 2020, 00:26
  #35 (permalink)  
 
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Originally Posted by DirectAnywhere View Post
A bailout? Potential government $$$ is always good news. Look at US stocks in the midst of the biggest recession/ depression for almost a century.
The board and the shareholders know very well that the Gov will never see the country without a national carrier, all they have to do is sit back and await the ill gotten gains. Then the recovery with an effective monopoly will see them all rewarded handsomely with post COVID price hikes a certainty.
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Old 22nd Aug 2020, 01:25
  #36 (permalink)  
 
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Maybe AJ will seek a market lead approach to funding and bailout?
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Old 22nd Aug 2020, 14:55
  #37 (permalink)  
 
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Originally Posted by Green.Dot View Post
Maybe these piece of sh;t Premiers can chip in to that bail out fund?
Need to get the states to start funding JobKeeper. Watch how quickly the borders open up then.
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Old 22nd Aug 2020, 21:30
  #38 (permalink)  
 
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Originally Posted by Bug Smasher Smasher View Post
Need to get the states to start funding JobKeeper. Watch how quickly the borders open up then.
100% BugSS!

Although I suspect WA wonít care, they will just keep feathering their own nest and keep riding on their resources to prop them up.

Last edited by Green.Dot; 22nd Aug 2020 at 22:45.
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Old 22nd Aug 2020, 22:55
  #39 (permalink)  
 
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Opening interstate borders isn’t going to help until customers have confidence that the coronavirus risk is both small and manageable.
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Old 22nd Aug 2020, 23:37
  #40 (permalink)  
 
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Originally Posted by Sunfish View Post
Opening interstate borders isnít going to help until customers have confidence that the coronavirus risk is both small and manageable.
Define small and manageable. No other premier can.
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