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)
Qantas has received its first Dreamliner (named Great Southern Land in a public naming competition) to much fanfare and a fitting tribute from Icehouse’s Iva Davies. The airline is set to receive a further seven 787s before the end of next year, with the option to purchase up to 45. It is the first new…
Qantas CEO Alan Joyce monetary rewards package has jumped to a whopping $24.6 million in 2017 (almost double the $14.3 million he got in 2016). It makes him one of the highest paid CEO’s in Australia. His base pay was unchanged at $2.1 million and his cash bonus fell to $1.7 million. However, he scored…