Qantas announces $1.9 billion loss

[gordonfvckingramsay]

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.

[Aviater]

Originally Posted by gordonfvckingramsay

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.

[ebt]

Originally Posted by Double_Clutch

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.

[Arthur D]

Originally Posted by Redpanda

Bonuses all round for executive management!

I’m confused, ASX release says no bonus....

Please explain?

[Double_Clutch]

AJ and crew deserve a bonus

[SandyPalms]

Originally Posted by Double_Clutch

AJ and crew deserve a bonus

Why? Aren't they just doing their job?

[gordonfvckingramsay]

Originally Posted by Double_Clutch

AJ and crew deserve a bonus

For......?

[ANstar]

Originally Posted by gordonfvckingramsay

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....

[SandyPalms]

Originally Posted by ANstar

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, isn’t that their job?

[gordonfvckingramsay]

Originally Posted by SandyPalms

Again, isn’t that their job?

Precisely.

And let’s not forget that most of the “amazing” numbers have been due to slight of hand and write-offs.

[Sunfish]

As I said some time ago, the bankers are worried about Qantas survival without a bail out.

[Green.Dot]

Originally Posted by Sunfish

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?

[dr dre]

Originally Posted by Sunfish

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. They’re seeing something these supposed bankers aren’t.

[DirectAnywhere]

Originally Posted by dr dre

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.

A bailout? Potential government $$$ is always good news. Look at US stocks in the midst of the biggest recession/ depression for almost a century.

[gordonfvckingramsay]

Originally Posted by DirectAnywhere

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.

[Double_Clutch]

Maybe AJ will seek a market lead approach to funding and bailout?

[Bug Smasher Smasher]

Originally Posted by Green.Dot

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.

[Green.Dot]

Originally Posted by Bug Smasher Smasher

Need to get the states to start funding JobKeeper. Watch how quickly the borders open up then.

100% BugSS!

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.

[Sunfish]

Opening interstate borders isn’t going to help until customers have confidence that the coronavirus risk is both small and manageable.

[Ragnor]

Originally Posted by Sunfish

Opening interstate borders isn’t going to help until customers have confidence that the coronavirus risk is both small and manageable.

Define small and manageable. No other premier can.