QF profit to fall 90% - shares falling

[DC3]

OUCH!!! QAN now below $1.16. Down by 18% today, while the All Ords is up by 59 points.

 

[markis10]

Even if an airline goes into administration someone can always buy it. I'm interested by the continued health of the domestic business.

Sure, but what is the value of the assets then versus a pre-emptive strike now, Ansett and NZ is a case in point?????? Now who was involved in that and now has involvement at QF (more than 1 answer is correct :shock. I am not saying it would be another airline, but buying stripping, selling or terminating a company for its assets is hardly uncommon.

 

[medhead]

Good grief you must be wealthy!

I'm not so sure about wealthy but I'd give you rich. - Wealthy is when you can live off the earnings from your assets/savings. Rich is when you live off your assets/savings.


Sent from the Throne

 

[markis10]

I'm not so sure about wealthy but I'd give you rich. - Wealthy is when you can live off the earnings from your assets/savings. Rich is when you live off your assets/savings.


Sent from the Throne

Happy is when you dont need to ponder which category you fit in!

 

[AaronBradford]

It's probably worth noting that Will Horton attributes the decline in profit to one-off expenditures involved in aircraft retirement and route-ending:

https://twitter.com/winglets747/status/209863814605324288
https://twitter.com/winglets747/status/209864011850850304

 

[markis10]

It's probably worth noting that Will Horton attributes the decline in profit to one-off expenditures involved in aircraft retirement and route-ending:

https://twitter.com/winglets747/status/209863814605324288
https://twitter.com/winglets747/status/209864011850850304

He is at odds with most economists and even QF on that one, hardly surprising, fuel, currency and domestic capacity increases getting the blame by them.

 

[amaroo]

Nothing in the Qantas sale act stopping this as long as it is done by an Australian gordon gecko.
TWU-I doubt our aussie gordon gecko would give a damn.
The Greens-well they should be jumping for joy with all that CO2 being taken out of our atmosphere.
And JB would be backing him all the way.

Isn't there a parliamentary enquiry at the moment reviewing the need to enhance the QF sale act!

The Government acts like they still own the company - can't think of bigger disincentive for a prospective buyer.

 

[browski]

QAN = $1.155 at the close.

It had actually got a bit lower to $1.14 at around 3.15pm.
Previous day closed at $1.42.

It's too bad that AJ has already used the Red Q announcement, he could really use a good Red Herring today. Wonder what he can come up with?

Ahhhhhh, Double Status Credit email just IN, right on cue (was really hoping for something like "We are restarting the Concorde project")

 

[Oneworldplus2]

All this talk about an incompetent AJ.

Who should head up the airline then?

 

[yohy?!]

All this talk about an incompetent AJ.

Who should head up the airline then?

A monkey with a typewriter would do better it seems

 

[simongr]

But the majority of profit impact is the $380M reorganization charges. Most of which is non cash. To me it reads that next year QF will announce profits in QFi as result of the reorg whereas in fact it will be because of less subsidy from QFi to JQ...

 

[bossreggie]

Happy is when you dont need to ponder which category you fit in!

Colour me happy!!

Boss

 

[Oneworldplus2]

A monkey with a typewriter would do better it seems

LOL

SO many people on AFF keep up the choir line of "AJ should leave", but give them a simple question of who should replace him....silence...and those recommending Dixon, seriously? His payout left many a bad taste in employee mouths.

I think that running an airline would be one of the hardest jobs out there.

 

[medhead]

LOL

SO many people on AFF keep up the choir line of "AJ should leave", but give them a simple question of who should replace him....silence...and those recommending Dixon, seriously? His payout left many a bad taste in employee mouths.

I think that running an airline would be one of the hardest jobs out there.

Of course it is hard. That's why you don't need someone with the taint of favouring one part of the business at the expense of another part of the business. So really anyone should be the boss who is capable of portraying a level playing field for the business and who doesn't endorse announcements that are so obviously full of spin. For example is the full cost of the grounding truly attributable to QFi?


Sent from the Throne

 

[Oneworldplus2]

7:30 Report just did an interesting story on QF.

 

[Sifor]

Lucky I'm not a current shareholder, sold years ago.. although might have to buy in again soon

 

[flyingfan]

Lucky I'm not a current shareholder, sold years ago.. although might have to buy in again soon

With some windfalls it must be a once-in-a-generation case of being in the right place at the right time...like buying and hoarding Apple starting over a decade ago, or one of the big 4 banks when they're cheap... I thought Facebook was the one for this generation...

... and that, children, is why eastflyer is not a stockbroker

 

[Must...Fly!]

I thought Facebook was the one for this generation...

5 commerce students gather around a table. 4 said they would invest a lot in facebook on the market if they had the cash...

Got to wonder where peoples heads are at sometimes.

 

[el_rooto]

I was chatting to some people that work in equities research tonight, and there seemed to be a consensus that something is quite wrong for a surprise like this to come out. The market should have been informed sooner.

 

[Simo]

This is only a profit warning.

It's not the final figures.

They will probably be a bit better than what the expect.

Who knows why they would announce such a bad result warning but maybe it plays into there hands to try and do some negating of the union activity and then blaming them but they maybe they over exaggerated there profit and then make the unions look bad to the shareholders.

I am not try to play conspiracy theory's just some different lines of thought.