qantas - swim or sink, page-23

Please spell it correctly: QANTAS

Nine News had an article with the first paragraph

"The cash-strapped national carrier has announced first-half losses of $252 million" and;

The last paragraph:


"Qantas said it had a total liquidity of $3 billion, including $2.4 billion in cash reserves".

Does that sound contradictory??? What don't the reporters understand about $3b in liquidity??? Is that cash strapped. Bad terminology by 9.

Qantas have had a bad year but still have $3b in liquidity!

Let's hope that future management can improve Qantas's profitability in this highly competitive, low margin industry.