Results day and more news.

[markis10]

Should be an interesting day with DJ announcing their results, and possibly more news on the revamp, I suspect its the reason QF went early on their news after someone mentioned to Alan (I am all orange) Joyce that the 24th was DJs results day!

 

[oz_mark]

It's Qantas results day - check on the ASX for all the announcements from QF!

 

[DJ 1D]

VA results are tomorrow.

Key dates | Virgin Australia

 

[oz_mark]

Qantas results in brief (full year)

Underlying profit before tax: $552 million
Revenue: $14.9 billion
Operating cash flow: $1.8 billion

No dividend

 

[Jack Melon]

Qantas results in brief (full year)

Underlying profit before tax: $552 million
Revenue: $14.9 billion
Operating cash flow: $1.8 billion

No dividend

So much for qantas loosing money. As the unions said, that is one big fat white lie.

As for tomorrow i personally think there will be more announcments to the rebranding.

 

[nlagalle]

So much for qantas loosing money. As the unions said, that is one big fat white lie.

As for tomorrow i personally think there will be more announcments to the rebranding.

They never said Qantas as a whole was losing money, in fact domestic ops was doing quite well. It was always stated it was INT that was losing out.

 

[LiamR]

Should be an interesting day with DJ announcing their results, and possibly more news on the revamp, I suspect its the reason QF went early on their news after someone mentioned to Alan (I am all orange) Joyce that the 24th was DJs results day!

I've heard too that Virgin might be announcing something today. It would explain why Qantas moved the August 24th announcement forward.

Is it confirmed there is Virgin Press conference today or just gossip?

 

[nlagalle]

I've heard too that Virgin might be announcing something today. It would explain why Qantas moved the August 24th announcement forward.

Is it confirmed there is Virgin Press conference today or just gossip?

I actually wonder if QF had ever intended to announce anything today or if last week was always the day. The reason why I say this is to book the type of advertising space they did would need to be organised quite well in advance (the fact the basically did a wrap around in the Herald Sun would have taken some time). Perhaps they did it to surprise everyone?

 

[LiamR]

I actually wonder if QF had ever intended to announce anything today or if last week was always the day. The reason why I say this is to book the type of advertising space they did would need to be organised quite well in advance (the fact the basically did a wrap around in the Herald Sun would have taken some time). Perhaps they did it to surprise everyone?

You raise a good point. But would Virgin really schedule a PR announcement on the same day Qantas were planning on announcing major changes to their airline?

 

[samh004]

You raise a good point. But would Virgin really schedule a PR announcement on the same day Qantas were planning on announcing major changes to their airline?

If they think they could successfully drown them out, maybe.




 

[nlagalle]

You raise a good point. But would Virgin really schedule a PR announcement on the same day Qantas were planning on announcing major changes to their airline?

Well up until now all has been gossip and rumours from both airlines.. The only thing that was fact was that QF were releasing results today (mind you how many other companies are doing the same). The joy of social media is the hype and speculation made by people! :mrgreen:

 

[drron]

So much for qantas loosing money. As the unions said, that is one big fat white lie.

As for tomorrow i personally think there will be more announcments to the rebranding.

Oh dear Jack.Have you read the QF financial statement.ajw373 has kindly provided the link to the media version in another thread-
Qantas more than doubles net profit | News.com.au

And it is exactly as AJ said.QFi lost more than $200 million.No lies there Jack.

 

[UP4014]

Oh dear Jack.Have you read the QF financial statement.ajw373 has kindly provided the link to the media version in another thread-
Qantas more than doubles net profit | News.com.au

And it is exactly as AJ said.QFi lost more than $200 million.No lies there Jack.

Unless they cost shift some things from Jetstar to QF.

 

[ric_melb]

Well a net profit of $250 million on shareholders funds of $6 billion, isn't a satisfactory return. Around 4%.
Whether we like the Board's strategy or not something needs to be done to raise the net profit.
As frequent flyers we can only hope that Qantas prospers and provides us with opportunities to use our points.
I'm not confident, but hoping.

 

[medhead]

Well up until now all has been gossip and rumours from both airlines.. The only thing that was fact was that QF were releasing results today (mind you how many other companies are doing the same). The joy of social media is the hype and speculation made by people! :mrgreen:

I thought I heard that something like half of the reporting companies are doing so this week.

 

[straitman]

So much for qantas loosing money. As the unions said, that is one big fat white lie.

As for tomorrow i personally think there will be more announcments to the rebranding.

A lie, which it isn't, or otherwise it is still an incredibly poor return on investment. At that rate it would be better to shut the airline down and get a high interest investment return.

 

[UP4014]

Well a net profit of $250 million on shareholders funds of $6 billion, isn't a satisfactory return. Around 4%.
Whether we like the Board's strategy or not something needs to be done to raise the net profit.
As frequent flyers we can only hope that Qantas prospers and provides us with opportunities to use our points.
I'm not confident, but hoping.

I actually think that return rate is pretty good in the world of airlines.

 

[drron]

I actually think that return rate is pretty good in the world of airlines.

But worse than 6.5% you can get at Rabobank for a term deposit.Why run an airline?

 

[medhead]

But worse than 6.5% you can get at Rabobank for a term deposit.Why run an airline?

Pretty sure rabobank wouldn't give you a term deposit for $6 billion. More like a $2million cap.

 

[drron]

Pretty sure rabobank wouldn't give you a term deposit for $6 billion. More like a $2million cap.

Now why did I know it would be you who would quibble at such a minor detail as $5.998 billion?:shock: