Qantas’ 2018 Yearly Report is in and the results are fantastic. Qantas has posted a whopping $1.6 billion profit its highest ever. Qantas will finally now have to start paying Company Tax after using up the last of its tax losses from previous years. Qantas profit was turbocharged by its record domestic result and cost…

Amidst One Nation’s sudden retraction of support and debate within Government ranks about how to proceed with the Company Tax cut package Alan Joyce has come out again to strongly lend his support to reduce Company Tax from 30c to 25c in the dollar for all companies. He has been even urging other business leaders…

Qantas’s negative working capital position (equivalent to a Current Ratio of less than 1:1) used to really baffle me because all the accounting texts suggested an optimum rule of thumb of about 2:1. Didn’t this mean that Qantas was insolvent and unable to meet its short-term obligations? What I discovered was that most airlines operative…