Qantas announces $1.9 billion loss
Join Date: May 2012
Location: Sydney
Posts: 69
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.

Join Date: Feb 2006
Location: Perth
Posts: 178
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.

Join Date: Jan 2006
Location: Sydney
Posts: 175

Join Date: Sep 2011
Location: Unfortunately not the Orient
Posts: 300

Join Date: Jun 2011
Location: The World
Posts: 1,268
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. They’re seeing something these supposed bankers aren’t.

Join Date: Sep 2003
Location: Somewhere on the Australian Coast
Posts: 947

Join Date: Jun 2008
Location: Kichin
Posts: 578
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.

Join Date: Sep 2019
Location: HKG
Posts: 320
Although I suspect WA won’t 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 21:45.
