QANTAS Profit
 

QANTAS has announced a profit.

This has to get an award for the most ridiculous thread ever. Where? what? how? when?

No, No, he is right, apparently it's all steam ahead now for Qantas, dark days are behind, nothing but bright blue clear skies ahead for them now!

Qantas back to making a profit

bonuses all round!:ugh:

Well thanks for that AoA. It wasn't so ridiculous, ABC mid morning news and all those following today.

When QANTAS announced the loss a few months ago, the forums lit up before you could say Internet, and yet six hours after today's announcement, nothing. I was just wondering why it was so quiet.

Because it's been a saga that has gone on way to long now that basically everyone has lost interest. Staff/Public/Government/Media, all don't give a sh+t anymore, we are all to dizzy from the spin.

How come all of a sudden we are profitable when the fundamentals at the business have not changed? This was/is a self inflicted crises to get leverage over it's employees and to con the Government, nothing more.

Don't believe a world that this lot says, there will be another crisis just around the corner soon, when it suits them. Stay tuned, or do what most of us are doing now, tune out. :ok:

I am QANTAS and Jet Star supporter and customer including a QANTAS Club member I fail to see how you can make huge loss then make a profit, something is not right here. recently had a problem with Jet Star in New Zealand and complained and are not happy at their reply to my complaint. I have booked a trip at the end of this year to Europe and wanted to go Premium Economy so I looked around and Air New Zealand and Virgin Atlantic had competitive fares so I have booked them QANTAS you have missed out because of the lame excuse from Jet Star I have decided to fly with alternative first time in 14 years.Alan Joyce get real you are playing a big game here trying to justify your big salary while those a the bottom of pile pay for it, You are not creditable. REALLY HOW CAN YOU MAKE A HUGE LOSS THE SUDDENLY MAKE A PROFIT WHAT A JOKE.

Smoke, mirrors and manipulation

It's easy when you write everything off that isn't nailed down, get all your allocations and debt out of the way, a profit comes along!!! Bonuses all round!!! As if anyone couldn't see this coming ....... He definitely is the new messiah:rolleyes:

QANTAS Profit
 

So if you have made huge, and I mean huge losses over a lengthy period; then you declare a profit on a particular Tuesday, does that mean that you have paid the losses back or does that just mean you're still hugely indebted and just talking sh1t???

If that is the case, I must tell my bank manager that all is well as I received my salary today and which is all pure profit and he should ignore my overdraft as it means nothing!!

Here here Saywhat! :ok:

NOTE: They "EXPECT to see a profit". They don't have one yet!

Pretty damn easy to make better figures than it's all-time, record breaking 2.84 BILLION Dollar loss... AT THE HANDS OF THE CURRENT BOARD & CEO! :rolleyes:

No shareholder dividends for many years now (though management bonuses continue), moral and employee engagement at record lows; five failed "plans to recovery" plus zero faith in who are steering the ship...

There's only one answer for all this...

Yep the one answer is that the board and Senior management need to go from this company. Lets get some honesty back into the bussiness. The problem today is that boards and Senior management are only looking after their own rear ends and are not responsible. The current QANTAS situation is a classic example of this. Being responsible means earning the respect of your staff and industry Allan Joyce and the Board do not have that respect from anyone, including the staff and customers.

+1..........

Oh what bull dust. On track to make a profit after begging the government for cash and then writing everything down to make a massive loss. Where the hell is ASIC? Its criminal.

The ALPBC TV News here in South Australia mentioned, albeit briefly, that Qantas was going to make a profit; Size was unspecified.:hmm:

Went on to mention that the Chief Executive Alan Joyce would be in line for a two million dollar bonus as well.:rolleyes:

:mad::mad::mad::mad::mad::mad::mad::mad:

Yep, Alan is happy now! $2.5M bonus voted at the AGM. I really wonder what sort of bonus they'd pay someone who knew what they were doing and Qantas shares were blue chip. Disgrace.

.
I was going to compose a considered post.

I'm sorry, I have to go to the bathroom - I'm feeling sick. Excuse me.

That's going to make the EBA vote interesting!

Simple accounting trick.
 

For years Qantas refused to properly write down assetts including their aircraft fleet then last finanial year wrote them off the books and annouynced a record loss. Now they can report that without the depreciation they are back on the track to prfitability. In reality they have only cleared the decks of the deck chairs and the lifeboats on the Titanic.
Definitely financial smoke and mirrors on an airline that flies to fewer destinations than before relying on codeshare to con the passengers that still buy Qantas tickets.

2.5 million bonus for doing what? Excuse me, I feel quite ill.