With QAN having a half year loss of A$252 million and a loss after Tax of A$235 million, as well as revenue decline of 4% for the half year, just what will be the full year results be for QAN?
QAN has repay A$450 million dollars in bank debt eight months ahead schedule in June, as well as upwards of 2000 job losses at the airline, and still another 3000 jobs to go, some people are saying the cost of the job losses at QAN, are upwards of $500 million.
With the Preliminary final result announcement out on the 28th of August, and the AGM on the 24th of October, just how will the market take the news from QAN?...If its bad news for QAN, I feel that the sp will have downward movement of the currently sp, heading towards a $1 again I believe.
I'm not sure if AJ can pull a rabbit out of the hat this time around, if QAN loss is nearer to a billion dollars, will AJ keep his job....As well as the rest of the board?
QAN Price at posting:
$1.30 Sentiment: None Disclosure: Held
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