QF profit to fall 90% - shares falling

[amaroo]

before anyone in the public knew exactly what happened the engine cover ended up on bantam in indonesia and soon the picture was on twitter

people assumed the worst and started selling off straight away, stock went down pretty quick and that was the first aj knew of what had happened, iirc. quickly halted.

So twitter is the new oracle of knowledge: LMFAO

 

[cove]

At least eating your own words is not too fattening the last time I checked the scales.
Qantas remains an icon in Mrscove's eyes so I go along with that idea. It can be a difficult business and 2012 is a year of potholes for a number of businesses.
No I haven't sold the ones at 97 and 98 because there is no rush but it is nice to be in a position to give the ATO a share of a good profit. The ATO has been a long term partner of mine so franked dividends and exempt property trust distributions are my favourites rather than trading airline shares.

 

[markis10]

So twitter is the new oracle of knowledge: LMFAO

Not really, just another example of how quickly news spreads these days, I get my traffic updates on twitter quicker than on the radio.

 

[codash1099]

Interesting take on the ABC's Drum website:

Fight, flight or fright for Qantas? - The Drum (Australian Broadcasting Corporation)

 

[yohy?!]

So twitter is the new oracle of knowledge: LMFAO

Not the oracle but an interesting alternative to mainstream media - just ask the Chinese what they think of micro-blogging sites...

 

[whatmeworry]

Talk to some of the old Qantas hands and there’s plenty of blame to go round with Dixon and Joyce being apportioned plenty. They’re not necessarily right, but they make a good case.
Those who know much more about aviation than I do claim Qantas made mistakes in building up a hodgepodge fleet of different aircraft types with attendant higher servicing and parts costs. Blame the Dixon era.
Now Qantas is stuck with an aging fleet that is fuel expensive and is deferring the 380s it needs to be competitive while giving its first 787 to Jetstar. Blame Joyce.
A recent Financial Times story introduced me to the delightful chess term “zugzwang” – being in the position of having to make a move but when any move will put the player in a worse position. It might appear that Joyce is in Zugzwang Central.

Qantas: who ran down the roo?

 

[cove]

Well I sold those QANTAS shares yesterday as there were enough buyers and the market was having one of its strong up days.
The rejigging of the first A380 with less toilets is drawing a huge bunch of readers so AFF is going great. Qantas is still a great airline but the extra special stuff for J and First in international is changing so a lot of the mystique has gone and it is a hard slog to make money. Qantas has not yet made a loss in any full year since the GFC so the points are safe.
Other than 200k US Air Dividend Miles for my two sons I put all the credit card points into Qantas this month.