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,…
Alan Joyce has received a 56% pay cut but before you get too concerned, he still took home $10.9 million. It’s just that this year his bonuses were far less generous. Last year he received a massive bonus of $20 million under a share incentive scheme for resurrecting Qantas financial fortunes pushing his salary out…
Read More Alan Joyce cops a massive pay cut (Human Resources)
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)
Qantas’s Sydney to Melbourne route is the second highest revenue route in the world beaten only by British Airways flights between London and New York. According to analysis by flight schedule experts OAG, the Qantas route rakes in a whopping $1.16 billion during a year or $33,000 an hour. It’s the influence of volume and…
Read More Qantas Sydney to Melbourne flight 2nd most Lucrative Route in the World (Operations)
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)