Please shed some light why do you think, collapse of QF isrubbish. QF was on track until Feb 2020 to deliver about $1Billion profit in the last financial year.However Last financial year loss of QF was $1.964 billion. This means QF lost about $3 billions in just 4 months. Book value of QF isabout $1.55 billion. I am not sure if the accounted for about $2 billionof flight credits. Not sure if it is legal to charge for service not provided and then issue flight credits. Therefore QF can not withstand another disastrous year. Unfortunately nothing has changed in this financial year. I doubt QF will survive, unless there is a big handout from government.
Will QAN survive?, page-105
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$6.09 |
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