09-01-2023, 06:34 AM
Super funds make their money out of the Miners and Big banks....Qantas are small fry in terms of profits and dividends and wouldnt feature in the top 20 holdings of most super funds and if they did would be at a small weighting.
Qantas havent paid a dividend for 4 years.....
The Government couldnt allow Qatar Airlines to access to internal Aus routes and feck up the status quo and hit the Qantas bottom line straight after CoVid. If Albanese had presided over the demise of Qantas profits causing job losses and possible loss of the iconic Aus Airline as we know it he would have been hung, drawn and quartered so I get he why he refused competition for Qantas and protected jobs etc at the expense of higher air fares for the public . The case of selling airfares for cancelled flights is another issue and imho a management issue rather than an airline issue. Joyce and those at the top making those decisions need fining individually rather than punishing the airline as a whole and having it crippled with what looks like a fine around 300-600 million.
The previous highest fine for corporate skullduggery in Aus was around $125 million for the morally bankrupt Volkswagen Group so the ACCC are really wanting to go hard at Qantas and I cant see the company being able to continue in its present form if it cops a fine of that nature which will in turn affect tourism and airline travel in Aus imo.
Qantas havent paid a dividend for 4 years.....
The Government couldnt allow Qatar Airlines to access to internal Aus routes and feck up the status quo and hit the Qantas bottom line straight after CoVid. If Albanese had presided over the demise of Qantas profits causing job losses and possible loss of the iconic Aus Airline as we know it he would have been hung, drawn and quartered so I get he why he refused competition for Qantas and protected jobs etc at the expense of higher air fares for the public . The case of selling airfares for cancelled flights is another issue and imho a management issue rather than an airline issue. Joyce and those at the top making those decisions need fining individually rather than punishing the airline as a whole and having it crippled with what looks like a fine around 300-600 million.
The previous highest fine for corporate skullduggery in Aus was around $125 million for the morally bankrupt Volkswagen Group so the ACCC are really wanting to go hard at Qantas and I cant see the company being able to continue in its present form if it cops a fine of that nature which will in turn affect tourism and airline travel in Aus imo.