QAN 0.45% $6.77 qantas airways limited

Received over $1Bn in free money

  1. 868 Posts.
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    Shareholders in QAN (as well as Virgin and others) have received over $1 Billion of free money and counting.

    • $715 MILLION (and counting) | waiving of government fees e.g. fuel excise, traffic charges etc and back-dated to1 Feb
    • $XXX MILLION (and counting) | Airports around the world have waived gate fees/flight obligations
    • $780 MILLION as 20,000 stood down staff x $1500 per fortnight | Job Keeper basically transferring $1500 per fortnight to 20,000 who have been stood down
    • Eliminates riskof redundancey | Call centre staff already reassigned to ATO and Centrelink
    • $298 MILLION | Underwriting of regional routes
    • $XX MILLION | Underwriting international flights to select routes
    • $XX MILLION | Freight volumes replacing shipping routes which have stalled
    • $XXX MILLION | Laws surrounding commercial leases have changed
    • $XX MILLION | ACCC to allow profit sharing scheme between Rex, AQZ and Virgin
    • 105 flights per week now increasing to 165+36 per week between major cities supported by the government

    I'm sure I have missed some things but as it stands QAN is already the buy of the decade. With a chance of being the sole monopolistic business in Australia. Name me one other monopoly in AUS?
    Last edited by 2sigma: 24/04/20
 
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