record profit for the year ended 30 june 08, page-9

Hi Blargboy.

News was not not that good. You see the market is looking ahead, not backwards.

In other words market is not Olympics where you get gold medal after coming first, it is more like TAB where you bet on a horse in the next race.

Everybody was aware that Qantas made bundle last fin year, they practicaly told market in May to expect roughly a billion net.

The future is not so promising, oil is up again, people fly less, anecdotal evidence showing lighter loads on overseas flights. Domestic sector is still strong, but QAN can not get the new 787's aircraft due to manafacturing difficulties and so it can not retire the older fuel guzlers.

Dreamliner 787 is quickly turning into Nightmare and it may never fly. Dixon realy f*d up with ordering them, rather than buying proven aeroplane like Airbus 3xx.

You could say he gambled and lost. So he will get a golden handshake and we will get shaft.

Dixon continues to damage Qantas by making unhelpfull comments to the market, like the one today ,that QAN must merge in a hurry in order to survive.
The cynic in me thinks that he already had received some calls and he is leading the market to his future benefactor.

Who could it be? Singapore Airlines? American ?
Any guesses?

Brian.