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-   -   Qantas announces $1.9 billion loss (https://www.pprune.org/australia-new-zealand-pacific/634908-qantas-announces-1-9-billion-loss.html)

gordonfvckingramsay 20th Aug 2020 22:40

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 21st Aug 2020 02:05


Originally Posted by gordonfvckingramsay (Post 10866370)
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 21st Aug 2020 04:10


Originally Posted by Double_Clutch (Post 10866301)
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 21st Aug 2020 05:17


Originally Posted by Redpanda (Post 10865556)
Bonuses all round for executive management!

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

Please explain?

Double_Clutch 21st Aug 2020 06:59

AJ and crew deserve a bonus

SandyPalms 21st Aug 2020 07:08


Originally Posted by Double_Clutch (Post 10866543)
AJ and crew deserve a bonus

Why? Aren't they just doing their job?

gordonfvckingramsay 21st Aug 2020 07:34


Originally Posted by Double_Clutch (Post 10866543)
AJ and crew deserve a bonus

For......?

ANstar 21st Aug 2020 08:21


Originally Posted by gordonfvckingramsay (Post 10866566)
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 21st Aug 2020 08:50


Originally Posted by ANstar (Post 10866607)
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 21st Aug 2020 09:25


Originally Posted by SandyPalms (Post 10866627)
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 21st Aug 2020 21:19

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

Green.Dot 21st Aug 2020 21:30


Originally Posted by Sunfish (Post 10867162)
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 21st Aug 2020 21:46


Originally Posted by Sunfish (Post 10867162)
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 21st Aug 2020 21:59


Originally Posted by dr dre (Post 10867178)
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 21st Aug 2020 23:26


Originally Posted by DirectAnywhere (Post 10867185)
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 22nd Aug 2020 00:25

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

Bug Smasher Smasher 22nd Aug 2020 13:55


Originally Posted by Green.Dot (Post 10867173)
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 22nd Aug 2020 20:30


Originally Posted by Bug Smasher Smasher (Post 10867657)
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 22nd Aug 2020 21:55

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

Ragnor 22nd Aug 2020 22:37


Originally Posted by Sunfish (Post 10867931)
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.


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