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QF not reliant on International traffic??? Are you sure about...

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TheChaser

213 Posts.

24

15/07/20

13:21

Post #: 45881472
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Originally posted by Hopeful9: ↑

QAN isn't really reliant on international for its earnings, as in recent times more than 80 per cent of its profits have come from its domestic flights.

However - and it's a big 'but' - the costs of having large international aircraft sitting in the USA desert or elsewhere not carrying any passengers or freight (the 12 almost worthless Airbus A380s, and the Boeing B789s) are high.

On top of that an even greater percentage of the domestic fleet of Boeing B738s are sitting 'parked' as the almost complete suspension of flights between Sydney and Melbourne has been another twist from last week that's really bad financially for Qantas.

And still to come are redundancy costs (IIRC these have been budgeted for).

The NSW Premier is not mincing words and "may" introduce a lockdown for Sydney similar to what's occurring in Melbourne and the Shire of Mitchell to Melbourne's north. (Don't misinterpret me - the Sydney situation officially has yet to change and at present NSW residents can travel freely within their own state).

The pilots' voluntary redundancy scheme means there's uncertainty over who will hang up their coats and at what individual cost to the airline.

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QF not reliant on International traffic??? Are you sure about that?

QAN Price at posting: $3.58 Sentiment: Hold Disclosure: Held
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