Faith no more: Mullen lands at Qantas (!), and...red herrings
And how to kill two birds with one stone
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
Anyone wondering about the fate of the remaining Atlas aircraft in Qantas’s fleet only need read this to suspect that they will be returned to the lessor. The struggling Aussie airline is cutting 5,000 jobs and 50 aircraft, after making a loss of A$252m in six months. It plans to cut costs of A$2bn ($1.8bn) in the next three years, making its deal with Emirates – which clearly has not reaped the rewards yet that Qantas had hoped for – look like a relationship of un-equals. Particularly in light of the fact that it is complaining that government-backed carriers have too much of an advantage.
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