Episode 248: Qantas missing profits and Branson's visiting

Qantas CEO Alan Joyce finds his way back into the news the week indicating that the airline’s profits are nowhere near the levels his team had predicted earlier in the financial year, and major creditor Deutscher Bank took notice also slashed its forecast back to just over $80 million.Meanwhile, Sir Richard Branson has been in Australia this week, talking up the newly branded Virgin Australia Regional Airlines as well as Virgin Galactic. He also indicated that he wasn’t above selling more of his stake in the group if he felt it prudent, and heaped praise on CEO John Borghetti and his team for their many successes.Boeing opened a new Research & Development Centre in Port Melbourne during the week, securing it’s place as the largest such facility for the company outside of the United States.Steve also extols the virtues of Yoo-Hoo chocolate drinks after finding them at a local US food importer in Melbourne. Grant is not so sure.Links :Qantas profit forecasts slashed after Alan Joyce’s warningIs Richard Branson happy with local boy John Borghetti? You betBoeing opens new R&D centre