DOC wrote:What the fallout for QANTAS will be in the long term. Share price has fallen 15% in the last 7 days. The ACCC I think will be successful in having them fined which will probably hurt the share price again.
I think the bigger problem is the cost of new planes - he's run the fleet into the ground
Talking to a couple of legal mates yesterday, he's going to be squirming for a while re insider trading
He can fall back on the company (or Chairman) approved it, but that will just drop them into it as well.
Its not a defence if he knew the problem (and he should have?
Qantas will keep on giving for a while