Qantas swings to $2.7b loss during 'toughest conditions in 100 years'

The net loss was driven by a $1.4 billion non-cash write down to assets including its fleet of Airbus A380s, which have been parked in the Californian desert for at least three years, and $642 million in redundancy and other restructuring costs.

Qantas reported an underlying profit, which excludes those one-off costs, of $124 million, down 91 per cent from last year.Qantas reported an underlying profit, which excludes those one-off costs, of $124 million, down 91 per cent from last year.

Does he pay back the bonus when Qantas makes a loss?

Mr Joyce! You need to sack more employees to recover the losses mate. Have you considered sacking the air traffic control and using the tower for bungee jumping?

Get those planes in the air and use them to bring back the rest of the Australians that are still in other countries trying to get home. Some of them are paying $12,000 for a one-way ticket on foreign airlines, surely that money would be better spent on Qantas?

Yet miraculously share price went up 8c yesterday 🤷🏻‍♂️

Qantas got $715 million on day 1. They dumped 20,000 workers onto welfare to be supported by tax-payers that had just shelled out $m's to keep it afloat. CEO Alan Joyce sacrificed $23m salary, poor guy will only take home $6m this year. Its time for QANTAS to hand over the keys

So will JobKeeper lead to Dividend Keeper?

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Qantas' profit nosedives 91 per cent as COVID-19 delivers $4 billion blowBREAKING: Qantas' profit has plunged more than 90 per cent as the airlines bottom line is delivered a knockout punch by COVID-19. 9News Correction: by COVID19 hysteria
Source: 9NewsAUS - 🏆 10. / 72 Read more »

Coles swings to profit growth thanks to coronavirus panic buyingSupermarket giant Coles has swung its business back into profit growth for the first time in four years after a booming year for the business thanks to coronavirus-fuelled panic buying. domp We are mere puppets. domp Market driven virus.. .you only have to look at some of the prices. Particularly arse wipes
Source: smh - 🏆 6. / 80 Read more »

Coles swings to profit growth thanks to coronavirus panic buyingSupermarket giant Coles has swung its business back into profit growth for the first time in four years after a booming year for the business thanks to coronavirus-fuelled panic buying.
Source: theage - 🏆 8. / 77 Read more »

I mourn the loss of rituals for year 12This has been a year of constant unknowns, depriving students of the rites of passage that help them shape their identities. Cancel culture will have none of that! See that? That’s just the tip of the iceberg... All for a slightly bad flu
Source: smh - 🏆 6. / 80 Read more »

Super Pit gold mine to continue operating until at least 2035The new owners of Kalgoorlie-Boulder's Super Pit say operations will continue for at least another 15 years as recruitment of up to 100 new workers begins with production ramping up again.
Source: abcnews - 🏆 5. / 83 Read more »

'She'll be right' doesn't apply to health conditions during COVID-19: DCMOProfessor Michael Kidd says he is &x27;very concerned&x27; that some Australians are delaying health care because they don&x27;t want to come into contact with the virus. That's true !! 🤨 No I won't be right and I'm not a she Smirking whilst destroying lives. Vote them ALL out!
Source: 9NewsAUS - 🏆 10. / 72 Read more »