Melburnian1
Veteran Member
- Joined
- Jun 7, 2013
- Posts
- 25,486
In this thread a few of us discussed QF and VA"s likely financial results for 2012-13:
http://www.australianfrequentflyer....ssion/what-profit-loss-after-tax-52642-2.html
That year has passed, but today is one of those days under which the beancounters rule a line for the next FY, 2013-14.
It's already public knowledge that QF expects to record a half year loss (to 31 December 2013) of between A$250 million to A$300 million after tax. At its worst this is not far shy of A$2 million a day.
However VA has declined to provide guidance.
What do the AFF experts or those who like to guess estimate VA"s results will be?
For the half year, my guess is a loss after tax of A$80 million. Time (March 2014 when results are reported if I recall) will tell how wrong I was. The main reasons I suggest a smaller loss are that VA is a smaller company than QF, and unlike QF it does not have a sizeable international flights division that continues to lose large amounts. Nonetheless, to lose $80 million in a half year is nothing to be pleased about.
My other suggestion is that both airlines' losses will be greater in the traditionally weaker second half from 1 January to 30 June 2014 than in the first half of the year.
One rider is that judging by post Christmas retail sales, consumer confidence may be on at least a slight uptrend. With a fair bit of air travel being discretionary, that may be a positive for the airlines, but perhaps consumers are still very price sensitive when it comes to airfares.
http://www.australianfrequentflyer....ssion/what-profit-loss-after-tax-52642-2.html
That year has passed, but today is one of those days under which the beancounters rule a line for the next FY, 2013-14.
It's already public knowledge that QF expects to record a half year loss (to 31 December 2013) of between A$250 million to A$300 million after tax. At its worst this is not far shy of A$2 million a day.
However VA has declined to provide guidance.
What do the AFF experts or those who like to guess estimate VA"s results will be?
For the half year, my guess is a loss after tax of A$80 million. Time (March 2014 when results are reported if I recall) will tell how wrong I was. The main reasons I suggest a smaller loss are that VA is a smaller company than QF, and unlike QF it does not have a sizeable international flights division that continues to lose large amounts. Nonetheless, to lose $80 million in a half year is nothing to be pleased about.
My other suggestion is that both airlines' losses will be greater in the traditionally weaker second half from 1 January to 30 June 2014 than in the first half of the year.
One rider is that judging by post Christmas retail sales, consumer confidence may be on at least a slight uptrend. With a fair bit of air travel being discretionary, that may be a positive for the airlines, but perhaps consumers are still very price sensitive when it comes to airfares.
