QF Preliminary Results FY17/18

[HS-TQE]

Not that long ago I got BNE-SYD FOR $135 each way. It was the cheapest I’d seen in a long time.

Cheers skip

I got a sub $100 fare for a BNE-SYD segment just under a year back.

 

[JohnK]

$65 is excellent. I can't even get that rate no matter how hard and wide I search...on all sorts of crazy underground and password protected booking engines. Heck, sub $200 return is good.

VA has a few airfares sub-$100 each way for sale until October. I'll book a few if Qantas don't follow suit.

 

[rock86]

VA has a few airfares sub-$100 each way for sale until October. I'll book a few if Qantas don't follow suit.

Those fairs are probably what leads to this....

Virgin Australia nosedives to a record $650m loss

In all seriousness though, VA have a big big issue. And as much as CEO's (and CFO's) can paper over statutory results by removing the 'non-cash' accounting adjustments for the year, presenting you with an 'underlying operational' result, the statutory write-downs do have an affect on your business outlook for the future no matter how much the executives try to shift the public's perception....

 

[serfty]

Those fairs are probably what leads to this....

Virgin Australia nosedives to a record $650m loss

Actually, that headline should be: "Virgin Australia records underlying Profit of $109m"

 

[rock86]

Actually, that headline should be: "Virgin Australia records underlying Profit of $109m"

The old 'underlying profit', removing certain items and accounting adjustments to normalise a profit doesn't just mean they shouldn't be assessed overall.

For one, the removal of costs for business restructure and turnaround plan IMO is rubbish, and you need to include that when assessing business performance.

As for asset impairments, while it doesn't represent the operational results for the year and I have no issue removing them and presenting it as such, asset impairments still need to be considered when assessing the outlook of a business.