I would think when they announce QFi returning to profitability, not just the group as a whole.
And they still have another 2 years or the program to go, so things should only get better. Lets just hope fuel prices stay low for a while
It seems from the last couple of lines it already has.
The company said all parts of the airline were expected to be profitable at an underlying earnings before interest and tax level.
When the exchange rate is totally against them ordering new aircraft and the wait for the production line slots is longer than it is now.....
Unfortunately oil will only stay low until the Saudis kill off the shale oil operations.
It hit a low of US$68.49 ($82.59) on November 26 and on Monday was trading at $US71.77.
Tinto's cash costs for producing iron ore are thought to be between $US18 and $US19 a tonne. Rio's break-even is around $US42 a tonne, which includes cash costs, government royalties, shipping, finance and other corporate costs. That compares with BHP which is understood to have a break-even point of about $US45 a tonne.