QF WP

while Swiss insists it's on the comeback

NM

QF WP, I'm just getting in practice for while you are on special leave from FT in a few weeks time.

QF Baggage Handlers Ordered to Work.

QF WP

Thanks, NM...glad somebody is picking up my mantle of newshound (other than doc)

Qantas's holiday company said it would take an extra 50,000 tourists to New Zealand a year if the alliance between Qantas and Air New Zealand was allowed to proceed

NM

Qantas Reorganisation.

NM

And Qantas Results for Year Ending 30 June.

QF WP

Qantas wins on casuals

QF WP

but Qantas posts it's first ever half-yearly loss due to SARS

martynriddle

Looking through the figures it is interesting to see that whilst the international operations lost $54.5m, domestic revenue also fell by what I deem to be a massive 34.5%. Is Vermin having a major impact?

Also interesting to note the effect favourable foreign exchange movements had on profitability. At over $100m, this accounts for nearly a third of the profit figure!!

May be someone suitably qualified from the finance industry (or OzStamps) can give us their opinion.

(edited to fix dodgy typing)

[This message has been edited by martynriddle (edited 08-20-2003).]

mikalee

Gain from foreign exchange was $107m on a net profit before tax of $502m.

Generally this will have been from the gains the $AUD has made over the past year against $USD and generally most other currencies.

Most aviation costs (fuel & aircraft being the major two) are fixed relative to the $USD.

QF have suffered in the past with the devaluation of the $AUD.

The fuel cost paragraph makes interesting reading - it must almost be like gambling with the variables of exchange rates, the oil price & hedging to try and smooth the two -

"Fuel costs decreased by 1.9 per cent, or $29.6 million. The underlying fuel price was 15.8 per cent greater than last year, increasing costs by $209.2 million. However, hedging benefits were $107.6 million better than the previous year. While flying hours increased, fuel efficiency gains from new fleet acquisitions reduced litres consumed per hour, resulting in an overall activity saving of $5.3 million versus the prior year. Favourable foreign exchange rate movements also reduced fuel costs by $125.9 million."

d00t

New low cost domestic airline operated by qantas?

http://finance.news.com.au/common/st...55E462,00.html

YVR Cockroach

I know BA hasn;t been subscribing to QF's equity-raising efforts but I didn't know BA's share in QF has dropped to 17%.

QF WP

Qantas Impulse Airlines...here we come??

QF WP

The owner of the labour hire company at the centre of the dispute between Qantas and unions at Melbourne Airport has rejected claims that she provided the airline with low-paid non-union strike-breakers.

QF WP

When there is additional shares issued (eg. share top up schemes, dividend reinvestment plans, preferred or other quasi-equity notes or options) there is always a dilution of the holding as a % of issued capital if the holder (BA in this example) does not take up its quotient.

BA would be happy with their investment yesterday, as the price went up 20c to $3.30.

GibSpmuh

Seems like Qantas is getting plenty of love from the SMH at the moment, as evidenced at:

http://www.smh.com.au/articles/2003/...529336087.html

Just glad I haven't stumbled across any of these incidents so far in my travels!