Two mor big A/l’s affected

Qantas is also loosing money, and their recent problems with their employees isn’t helping them at all. The Public is no longer confident in this a/l, not since it’s sale in to private hands 🙁
They have announced another loss for the second year running!

Also I was just reading in Aircraft and Aerospace (Jan/Feb 2002), that Singapore Airlines is facing it’s frist ever loss, their A$528M profit for the first half of the fiscal year 01/02 is said to be down 36% compared to the same period last year! SIA is said to have posted a A$291M write off for it’s investment in Air New Zealand and bare a 91.5% fall off in it’s share of Virgin Atlantic. All up they are aced with a debt of A$131.7M, this is bad news for Airbus as the order that was perviously placed with them by SIA will now be canceled!

In dying for your emperor you will receive everlasting glory. Yeah right!!!