Finance firms expect QF to post up to $504M loss this financial year.

[markis10]

Over the last few days the analysts have adjusted their QF outlook yet again to truely indicate the seriousness of the state of our airline industry, I would imagine that means as consumers competition should be pretty strong for our dollar over the next 6 months:

Morgan Stanley has adjusted its full-year underlying pre-tax profit estimate from a loss of $73 million to a loss of $504m for the current financial year, saying the second-half capacity situation "appears grim".
However, JP Morgan is forecasting a net loss for the airline of only $157m, including the cost of the impending closure of its heavy maintenance base at Avalon in Victoria.

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Notwithstanding the war of words, analysts say both airlines are facing a softening market with capacity levels still high.


Macquarie Private Wealth this week dramatically downgraded its underlying pre-tax profit estimate for Qantas to a loss of $440m from a profit of $149m, blaming a weak operating environment.

- See more at: http://www.theaustralian.com.au/bus...y-e6frg95x-1226765585022#sthash.PUwSS6x8.dpuf

 

[smatho10]

Wonder which "Morgan" is correct??