It’s a minor miracle Joyce didn’t front up with a worse result

There is plenty of shock value to the $1.47 billion statutory loss reported by Qantas for the six months to December 30. Arguably the bigger shock is that after adjusting for one-off items, the airline which sustained a $7 billion revenue hit, was actually cash flow positive.

Qantas provided a corporate lesson in how to hibernate a business in crisis, how to ruthlessly minimise costs, reduce capital expenditure and how to flexibly pivot its assets to service markets such as international freight, regional intrastate tourism and the mining industry. And the company is now running a balance sheet with more than $6 billion in net debt. Repairing that will take time.

How long it takes to have Qantas operating at full stretch depends firstly on the domestic border restrictions and secondly on the resumption of international passenger flying. The next target will be for the international flights to achieve lift-off. Previously Qantas had anticipated for a July 1 restart. This has now been pushed out to the end of October - the point at which most Australians are expected to have been vaccinated.Joyce’s previous estimates on improvements in domestic traffic have been blown up several times as various states closed their borders in response to outbreaks.

EKnightOfficial Did he minimise his salary?

EKnightOfficial One Way To Hibernate Your Company Is To Force Experimental Medical Treatments On Customers.

EKnightOfficial Yeah accept job keeper, outsource fulltime jobs and accept even more tax payer hand outs, Joyce sure did show everyone how to do it 😒

EKnightOfficial Perfect example of journalism being a corporate lacky

EKnightOfficial Government hand out, ripping off jobseeker, sacking employees....what a hero. Why I always choose airline of the destination country rather than Qantas.

EKnightOfficial What a bunch of business buzzwords. Yeah, he a freaking genius. Get a huge handout and then proceed to gut the company of its core assets – its skilled workforce. Many of whom never want to work for Qantas again. Some 'corporate lesson'.

EKnightOfficial Qantas reports a half year loss of $1b. Air New Zealand reported a $75m half year loss. Who provided a corporate lesson?

EKnightOfficial Key word = ruthless

EKnightOfficial It's a miracle he's still got a job.

EKnightOfficial You mean a lesson in how you get your political party to give you millions of $ and allow you to implement your slash and burn plan on workers and their conditions. Qantas Getting their money’s worth.

EKnightOfficial You forgot about how they were given OUR money. AGAIN.

EKnightOfficial Yet in March the Qantas CEO AKA LIBERAL B1TCH stated he could ride it out till 2022 especially after shedding all those jobs! HOW MUCH salary cut did this union busting runt sacrifice to keep Qantas going? ANSETT and AUSTRALIAN AIRLINES went down too, stop bitching!

EKnightOfficial You forgot the bit where Qantas got a $715m handout on day 1. They then dumped 20,000 workers onto the unemployment queue to be supported by the very taxpayer that had just shelled out $m's to keep QANTAS afloat. Enough with the b/s - it's time for Qantas to hand back the keys.

EKnightOfficial Qantas how much Taxpayers money did they get Recession Frydenberg will keep that a secret from the public

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