Qantas has just announced environmental plans to cut waste to landfill by 75% by the end of 2021 and remove over 100 million single-use plastic items each year from flights and lounges by the end of 2020. This is in response to growing public concern and awareness about the negative effects of business operations like…
Qantas Half Yearly report is in and it has seen its first-half profit fall because of heavier fuel costs. Qantas’ profit was down 18% to $780 million from the same time last year. Over the six months, Qantas spent $2 billion on fuel alone, a $416 million increase. Qantas is not the only airline affected…
Unlike the new batch of Year 12’s business students and their teachers, there has been no summer break for Qantas. On the financial front, Qantas half-year results are due out in mid February and the airline is anticipating posting another strong result. First quarter results showed an impressive 6% rise in total revenue. On the operational front,…
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…
Read More Qantas delivers highest profit in history (Finance)
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…
Read More Alan Joyce is a big supporter of Turnbull’s company tax cuts (Finance)
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…
Read More Qantas negative working capital position explained (Finance)