The biggest statutory loss in its company history of $2.84 billion is not hard to quantify, as Qantas sees a $428 million redundancy charge and a $394 million...
The biggest statutory loss in its company history of $2.84 billion is not hard to quantify, as Qantas sees a $428 million redundancy charge and a $394 million write-off on fleet retirements. Key findings: Qantas International to become new holding to increase foreign ownership. Cost-cutting program to continue, harder cuts to come - restructure still in play. Outlook is for stabilisation in market conditions. Its underlying figures are grim on a year-on-year read, with a pre-tax loss of 646 million as the airline wars are laid on the table which show much Qantas has suffered at the hands of Virgin. However, on a consensus basis, the read is well ahead. You can access further analysis of the QAN result produced by Evan Lucas at IG Markets here: (VIEW LINK) @elucas
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