Originally posted by j.lin
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Labour costs aside, if I'm not mistaken (and happy to be told otherwise), didn't SQ have a similar financial outlook last year?
SQ itself made a loss but subsidiary companies carried that loss and the SIA Group turned a profit
This would appear to be the same scenario for QF at the moment, QF itself is losing money but subsidiary companies are carrying that loss through their profit and overall the QF Group is operating profitably.
Granted it would be - in a perfect economic climate - fantastic for QF to be turning a profit and carrying its own, unfortunately it's not the case - but QF isn't about to be wiped off the face of the aviation universe...
Getting back to the 'labour cost' claim, there's no way that this is the 'primary' reason for a decline in profits
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