Qantas loses $860 million last year.
Thread Starter
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.
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.
Can guarantee that this will be spun as to why they need to have ongoing wage freezes……..except for the executives.
Qantas CEO paid 72 times more than workers: Australian chief executives' 'obscene' wages revealed - NCA NewsWire via news.com.au (25 August 2022)
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.
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.
Join Date: Oct 2013
Location: New Zealand
Age: 71
Posts: 1,475
Likes: 0
Received 0 Likes
on
0 Posts
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.
Moderator
Great to see Qantas has apologised to its long suffering passengers and extended a very generous offer to all Qantas Frequent Flyers:
Bravo Alan!!!
Bravo Alan!!!
Last edited by tail wheel; 25th Aug 2022 at 08:07. Reason: spelling......
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.
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
Seabreeze
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'......
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'......
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.
Moderator
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.