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Qantas loses $860 million last year.

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Qantas loses $860 million last year.

Old 25th Aug 2022, 01:27
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Qantas loses $860 million last year.

Results are out.

https://www.abc.net.au/news/2022-08-25/qantas-profit-loss-2022-annual-results-alan-joyce/101369872


https://www.afr.com/companies/transport/qantas-reports-1-9b-loss-plots-400m-buyback-20220825-p5bckz


Planning a share buy back. Revenue around half of FY 2019.
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Old 25th Aug 2022, 01:45
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Can guarantee that this will be spun as to why they need to have ongoing wage freezes……..except for the executives.
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Old 25th Aug 2022, 02:14
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Bonuses all round for the executives given they have met their transformation targets.
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Old 25th Aug 2022, 02:59
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Originally Posted by brokenagain View Post
Can guarantee that this will be spun as to why they need to have ongoing wage freezes……..except for the executives.
...and then this...

Qantas CEO paid 72 times more than workers: Australian chief executives' 'obscene' wages revealed - NCA NewsWire via news.com.au (25 August 2022)
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Old 25th Aug 2022, 04:48
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Except that the average ASX 100 CEO earns 140 times the average wage. Qantas staff mustn't be doing too bad:
The report shows that Woolworths chief executive Brad Banducci was paid between 213 and 239 times more than one of his average employees
AMCOR CEO Ron Delia earned $11.32 million, 256 times more than the average AMCOR worker worldwide.
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Old 25th Aug 2022, 05:53
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They'll be pumping up their bonuses too with a share buy back. I remember an article about how philanthropic senior management were because they took their salary in shares during the pandemic.
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Old 25th Aug 2022, 06:31
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Lol.
https://www.betootaadvocate.com/brea...or-executives/
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Old 25th Aug 2022, 06:51
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$400 million dollar on-market share buyback. Lucky all those employees took a second round of 2 year pay freezes.
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Old 25th Aug 2022, 07:34
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Joyce, David, Gissing, Wirth, Evans, Hudson and other associated bottom dwellers will hit paydirt with this deal, it will top up their troughs nicely. Viva le revolution.
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Old 25th Aug 2022, 07:35
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Originally Posted by help me jebus View Post
$400 million dollar on-market share buyback. Lucky all those employees took a second round of 2 year pay freezes.
Not all! still two groups to go. Will be interesting 12months.
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Old 25th Aug 2022, 09:05
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Great to see Qantas has apologised to its long suffering passengers and extended a very generous offer to all Qantas Frequent Flyers:


Bravo Alan!!!

Last edited by tail wheel; 25th Aug 2022 at 09:07. Reason: spelling......
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Old 25th Aug 2022, 09:12
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Originally Posted by Paragraph377 View Post
Joyce, David, Gissing, Wirth, Evans, Hudson and other associated bottom dwellers will hit paydirt with this deal, it will top up their troughs nicely. Viva le revolution.
No doubt there will be a company paid for get together so they can tell each other what a great job they have all done.
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Old 25th Aug 2022, 09:24
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AJ an acolyte of SM?

Looks like AJ has been following the excellent management lead of our former PM. Communicating with honesty and clarity; respecting the contributions and needs of the general public, and showing appropriate humility. I am sure other posters can think of additional common attributes.

Seabreeze
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Old 25th Aug 2022, 10:06
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Snoop

I would have thought the signature would / should have read 'Alan R'..........

Makes as much $'s as..... well almost.

p.s. Just Lurve 'The Shovel'......

p.p.s. -
Can only hope that the ATO is aware and scrutinizes accordingly....seeing as to how I've 'chipped in'....as a lowly taxpayer.......
A 'Great Unwashed Taxpayer'......

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Old 25th Aug 2022, 10:48
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4 Corners’ Stephen Long made an unexpected appearance at the media presser today asking some uncomfortable questions, topic changed quick smart when it was starting to get interesting. Probably a episode on the Roo approaching.
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Old 25th Aug 2022, 11:21
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They'll be pumping up their bonuses too with a share buy back. I remember an article about how philanthropic senior management were because they took their salary in shares during the pandemic.


Joyce has 2,728,924 Qantas Shares and is the 19th largest Qantas share holder.
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Old 25th Aug 2022, 12:53
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Originally Posted by tail wheel View Post
Joyce has 2,728,924 Qantas Shares and is the 19th largest Qantas share holder.
Good to see the boss has faith in his product and his employees to deliver the goods despite all the back stabbers.
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Old 25th Aug 2022, 22:20
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Originally Posted by smiling monkey View Post
Good to see the boss has faith in his product and his employees to deliver the goods despite all the back stabbers.
I'd have that many too if I could 'influence' the price at which I could acquire and dispose of them! Bring on the buyback.
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Old 25th Aug 2022, 22:51
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.....................and if I never paid a single cent for any of them!
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Old 25th Aug 2022, 23:13
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Originally Posted by smiling monkey View Post
Good to see the boss has faith in his product and his employees to deliver the goods despite all the back stabbers.
Boy I'll say. At least Allan stabs you right in the front. Every chance he gets.
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