$6 Million a week!

 
Old Jan 29, 02, 12:09 am
  #1  
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Join Date: Jun 2001
Location: Sydney
Programs: QF Gold (LTS) and VA Gold
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$6 Million a week!

Looks like AN is currently loosing 6 million dollars a week. All I can say is wow! - This rivals the thumping losses in the final days of Air NZ owned Ansett.

At least the sale has been approved and Fox has promised a FF launch bigger than the Sydney Olympics.

Best Regards

Bradley
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Old Jan 29, 02, 12:33 am
  #2  
 
Join Date: Dec 2000
Location: Melbourne, Vic., Australia.
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Let's put this into perspective. $3.5 million are fixed IT/infrastructure costs, so they're losing what $2.5 million a week, vs. $1.3 million a day (true, the old AN was much bigger and bloated). The Administrators said they factored an operating loss into the operation og AN-II.

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RichardMEL, UA 1K
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Old Jan 29, 02, 12:49 am
  #3  
 
Join Date: Nov 2000
Posts: 657
And quoting Korda from the launch...

"The operation has to be cash positive from day one"

Hah!

I wonder if they answer Stephen Mayne's question. Funny how certain people always get around. Wonder if he's posted anything on crikey.com.au

Cheers,

Justin
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