Mojo ♻️Aug 26, 2023

#Qantas CEO Alan Joyce rules out paying back #covid 'bailout' as company celebrates record profits #socialismfortherich #greed #auspol

https://www.abc.net.au/news/2023-08-24/alan-joyce-qantas-record-profits-covid-bailout-730/102772616

Qantas CEO Alan Joyce rules out paying back COVID 'bailout' as company celebrates record profits

Three years ago, Qantas A380 planes were gathering dust with the national carrier on the brink of bankruptcy. Today, the airline has unveiled a record profit of $2.47 billion before tax, fuelled by sky-high demand for domestic and international travel.

ABC News
Show threadMojo ♻️

Ahh, it’s only $2b bailout, but hey let’s go after the dole bludgers #robodebt #auspol

https://www.theguardian.com/business/2021/jul/22/qantas-on-track-to-collect-2bn-of-support-as-morrison-government-criticised-for-not-seeking-stake

Qantas on track to collect $2bn of support as Morrison government criticised for not seeking stake

One expert says a stake in the airline would give the government more influence over how Qantas uses taxpayer money

The Guardian
Aug 26, 2023 at 5:18amWeb
Show threadGay WhitlamAug 26, 2023
@mojo Should have been re-nationalised. Airline revenue would have been great, or it could have been run on zero profit to stimulate tourism. But instead we get this.