Air NZ Take Off Shows up low altitude Qantas
Air NZ Take Off Shows up low altitude Qantas Air New Zealand's outstanding profit result on Wednesday was just the curtain raiser Qantas didn't need. Where the Kiwi Airline has defied the global problems in the Aviation Industry to post a 45 per cent boost in net profit and return a bumper dividend to its shareholders, Qantas looks set to break a less illustrious record and post a loss north of $1 billion. The big question is how much further north. It's a white knuckle moment. Analysts' expectations are quite varied – the most optimistic of them are shooting for a $700 million loss, while other industry sources are suggesting it could be as high as $1.5 billion if the company decides to include major impairment charges on items such as aircraft. Such an outcome would make for sensational headlines but it is the underlying result that will provide investors with some better clarity on how the national carrier is performing. This is a company whose prospect...