QAN 1.78% $7.45 qantas airways limited

Will QAN survive?, page-4938

  1. 1,166 Posts.
    lightbulb Created with Sketch. 106
    What QF mismanagement got to do with government of Australia? Aishwarya Venkatachalam of Ernst & Young may have underlying mental health issues and her suicide got nothing to do with Australian Government. There are millions of migrants and some of them may have mental health issues or other health problems. Most people, including Indians will buy airline ticket, who so ever sells cheap if that flight is not too inconvenient, ie stopovers or time of departure or arrival as all airlines use either Airbus or Boeing. Most people can not tell the difference between the Airbus and Boeing and most people do not care. Problem of QF is 1.9 billion loss and no expectation of turning around any time soon. QF already have negative equity and I guess most investors, who understand Accounting, will wait and see how QF gets out of this mess. At the time of demise of Virgin, we heard that government can not let 2nd biggest airline go as QF will be a monopoly. However Australian government is smart. Government did not intervene. I do not think, government will intervene and save QF this time. Private owners of the business are responsible for loss, profit and solvency of business.
 
watchlist Created with Sketch. Add QAN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.