Episode 212: Qantas Reports First Loss Since Going Public

It's a big news week with the Australia Desk covering a number of stories:Qantas is big in the news with:Qantas reports a $244m loss (their first since becoming a public company)Alan Joyce will not be getting his $2.7m bonus & will have to get by on just his $2.3m salaryJoyce says he expects Qantas will retain its 65% share of the domestic marketQantas cancels their 35 firm 787-9 orders but are continuing with their order for 15 787-8sQantas share price rises due to cash back from Boeing but drops again when the market realises how expensive the 767s & 747s are to operate Royal Australian Air Force proceeds with purchase of jammer pods & equipment to run some of its Super Hornets as EA18G Growlers with an operational date of 2018 (the same year as the RAAF's F35 are due)Griffith University is partnering with Cathay Pacific so that graduates of Griffith's pilot course who have "the right stuff" can enter Cathay's cadet programEtihad Airways now has control of 6.1% of Virgin Australia's stock & hope to get to 19%