That's one of the most schizophrenic announcements. QFi is all doom but everything is rosy for the rest of the group.
I especially love how the full $100 million for the grounding has been put onto QFi. "The structural issues in the business etc. etc. etc. - as well as the $100 million one-off cost of industrial action"
That load of BS finishes the comments about QFi, the next paragraph paragraph tells us how great QFd and JQ are going.
Then we have one off cost of $370-$380 mil for the transformation, which sounds like they are being put onto QFi. Does that mean, without the transformation, we can reduce the QFi loss of $450mil by the one off cost of $380mil and see that QFi has actually improved its loss from $216mil to ~$70mil, before one off costs. What if we also take out the one off $100mil that seems to be put onto QFi?
Sent from the Throne