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Qantas posts record US$2.65b loss

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  • Qantas posts record US$2.65b loss

    Qantas has shocked industry observers with a record $2.84 billion loss, around three times as bad as expected. The airline has attributed most of the loss to a $2.6 billion writedown in the value of its international aircraft fleet. Chief executive Alan Joyce says that despite the "confronting" figures, he sees clearer skies ahead for Qantas and is hoping for a return to underlying profit this financial year. But despite the result, Qantas shares are up strongly on a plan to split off the struggling international division into a separate holding company.


    Should have gone with the 777...
    AirDisaster.com Forum Member 2004-2008

    Originally posted by orangehuggy
    the most dangerous part of a flight is not the take off or landing anymore, its when a flight crew member goes to the toilet

  • #2
    Yeah nobody that operates 777's ever loses money! Can't work out why Airlines would ever order anything else.....

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    • #3
      Which version 777? should they have bought off all eight LRs from Air India?

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      • #4
        Originally posted by tsv View Post
        Yeah nobody that operates 777's ever loses money! Can't work out why Airlines would ever order anything else.....
        Hmmmm... what about old American?

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        • #5
          Yeah nobody that operates 777's ever loses money!
          There were and there are a number of loss-making airlines with 777s. I tend to say that the selected aircraft-type is only one of many factors to be (financially) successful.

          There are hundreds of examples, where companies opted to fly the most modern airliners while suffering from huge losses.
          http://www.MD-80.com / MD-80.com on facebook https://www.facebook.com/MD80com / MD-80.com on Twitter: https://twitter.com/MD80com

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          • #6
            Well, apart from the 777 comment - the article did explain the rationale for commenting about moving to more fuel efficient aircraft.

            This is perhaps the perfect forum for some 'arm-chair CEO'-ing.

            If indeed the airline were to make a move towards greater fuel efficiency, why not move to the A350? At present, they operate both the A330, and the A380 (with deliveries of the latter postponed - thus a prime candidate for conversion to A350s). The move would allow them to operate (much like NZ), efficient twins, replace the 747s, the remaining 767s, and eventually replace what A330s are aging.

            I know that the 777 would be a great choice as well, but they are already invested with Airbus as is, and from the article, they are interested in cost-cutting, and preserving what benefits they already possess. It's not as if the parent company will not be ordering/using Boeing products, with the vast majority of QF's current fleet already being 737s and JetStar operating the 787s as well.
            Whatever is necessary, is never unwise.

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