Qantas announces $1.9 billion loss
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Don't be fooled by the figures.
Qantas actually made a $120m profit (awesome effort).
Huge write down of 380 fleet (note the exact same thing happened to the 747's)
$600m for redundancy payouts (funded by the release of new shares)
It cost Qantas nothing. It's nothing more than a paper loss for future company tax relief.
Qantas actually made a $120m profit (awesome effort).
Huge write down of 380 fleet (note the exact same thing happened to the 747's)
$600m for redundancy payouts (funded by the release of new shares)
It cost Qantas nothing. It's nothing more than a paper loss for future company tax relief.
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Originally Posted by normanton
Don't be fooled by the figures.
Qantas actually made a $120m profit (awesome effort).
Huge write down of 380 fleet (note the exact same thing happened to the 747's)
$600m for redundancy payouts (funded by the release of new shares)
It cost Qantas nothing. It's nothing more than a paper loss for future company tax relief.
Qantas actually made a $120m profit (awesome effort).
Huge write down of 380 fleet (note the exact same thing happened to the 747's)
$600m for redundancy payouts (funded by the release of new shares)
It cost Qantas nothing. It's nothing more than a paper loss for future company tax relief.
Originally Posted by normanton
It cost Qantas nothing. It's nothing more than a paper loss for future company tax relief.
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Originally Posted by Green.Dot
So are you now telling us LWOP is not required to secure our future? All is rosy?
Originally Posted by normanton
Don't be fooled by the figures.
Qantas actually made a $120m profit (awesome effort).
Huge write down of 380 fleet (note the exact same thing happened to the 747's)
$600m for redundancy payouts (funded by the release of new shares)
It cost Qantas nothing. It's nothing more than a paper loss for future company tax relief.
Qantas actually made a $120m profit (awesome effort).
Huge write down of 380 fleet (note the exact same thing happened to the 747's)
$600m for redundancy payouts (funded by the release of new shares)
It cost Qantas nothing. It's nothing more than a paper loss for future company tax relief.
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Big write-offs in B747 values a few years back and A380's now simply confirm that previous profits were overstated by not charging sufficient depreciation etc.
Sets it up for a stream of higher profits as happened with the last big write-off a few years ago.
Very cunning!!
Sets it up for a stream of higher profits as happened with the last big write-off a few years ago.
Very cunning!!
....or shielded by a dubious selection as to what is normalised profit. Having staff would seem to be part of running a business so not entirely sure why exiting the staff is not part of normal profit. The same applies to fuel hedging.
Originally Posted by banana cucumber
Sorry for a silly question - why does AJ takes 65% cut while others take 85%? Shouldn't he or all staff on the same pay cut?
As much as dabbling into conspiracy theories about why TLS is leaving makes us all think we’re smarter and know the “real truth”, the story presented is by far the most logical one. His position became redundant as Int CEO as there is no Int flying forecast for a year. When it does start up again it could probably be managed under existing management structures for a little while before a dedicated Int CEO is needed again.
As much as TLS copped criticism over his initial letter to Flt Crew last year, I think he showed a lot of effort by turning up to most webinars and taking questions on demand. It’s never a good thing to be made redundant in any job.
As much as TLS copped criticism over his initial letter to Flt Crew last year, I think he showed a lot of effort by turning up to most webinars and taking questions on demand. It’s never a good thing to be made redundant in any job.
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Originally Posted by dr dre
As much as dabbling into conspiracy theories about why TLS is leaving makes us all think we’re smarter and know the “real truth”, the story presented is by far the most logical one. His position became redundant as Int CEO as there is no Int flying forecast for a year. When it does start up again it could probably be managed under existing management structures for a little while before a dedicated Int CEO is needed again.
As much as TLS copped criticism over his initial letter to Flt Crew last year, I think he showed a lot of effort by turning up to most webinars and taking questions on demand. It’s never a good thing to be made redundant in any job.
As much as TLS copped criticism over his initial letter to Flt Crew last year, I think he showed a lot of effort by turning up to most webinars and taking questions on demand. It’s never a good thing to be made redundant in any job.
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Originally Posted by banana cucumber
Sorry for a silly question - why does AJ takes 65% cut while others take 85%? Shouldn't he or all staff on the same pay cut?
I'm sure AJ can afford it!
