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)
Qantas’ half-yearly report is in and the results are fantastic. Qantas’ first-half profit increased 15% from last year to $975 million. Qantas Domestic, Jetstar Group and Qantas Loyalty all had record results and Qantas International held its own despite some challenges like higher fuel costs, a competitive domestic market and international capacity growth. Further cost-cutting of…
Read More Qantas remarkable turnaround under CEO Alan Joyce has continued (Finance)
Qantas is shopping for aircraft to fly non-stop from Australia’s east coast to New York and London without stopping. The two options for Qantas are the Airbus A350-90 and the Boeing’s 777-8X. Both companies believe their aircraft will be able to extend their range for these 20-hour flights by 2022. These ultra-long- haul aircraft can…
Read More Qantas does some comparison shopping for new aircraft (Operations)