markis10
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- Nov 25, 2004
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Following a $250 million loss in the first half of the year the current analyst consensus is for a loss of around $700 million on an underlying basis. On top of this they are expecting about $200 million-$400 million of one-off losses - most accounted for by the cost of making 2200 jobs redundant by June 30, 2014. This would boost the airline's statutory loss to more than $1 billion. Some analysts have this number as high as $1.2 billion.
But over the past week the chatter that additional write-downs will be made - particularly on aircraft - has led to a view that even $1 billion could be well shy of the year-end underlying loss and that $1.5 billion could be closer to the mark. Qantas wouldn't be drawn on the speculation.
Read more: Qantas loss could break billion barrier
But over the past week the chatter that additional write-downs will be made - particularly on aircraft - has led to a view that even $1 billion could be well shy of the year-end underlying loss and that $1.5 billion could be closer to the mark. Qantas wouldn't be drawn on the speculation.
Read more: Qantas loss could break billion barrier