ABC NewsMail - Afternoon Edition

NewsMail Afternoon Edition Thu 28 Aug, 2014 Top Stories More Top Stories » Qantas shocks with $2.8bn loss; analysts call for management spill By business reporter Michael Janda Qantas has shocked industry observers with a record $2.84 billion loss, around three times as bad as expected. The airline has attributed most of the loss to a $2.6 billion writedown in the value of its international aircraft fleet. Chief executive Alan Joyce says that despite the "confronting" figures, he sees clearer skies ahead for Qantas and is hoping for a return to underlying profit this financial year. But despite the result, Qantas shares are up strongly on a plan to split off the struggling international division into a separate holding company. More » At least five people stopped from fighting overseas: Morrison Call to boycott 'bigoted' anti-abortion, anti-gay conference Students to pay more under higher education changes Bishop signs joint understanding agreement with Indonesia HSU's Kathy Jackson questioned by ex-lover Shaun the sheep shorn, but fleece fails to break world's woolliest record Queensland MP says sorry for criticising Asian drivers Buildev 'wanted to discuss coal loader plans with Baird' UK girls threatened with rape, guns claim damages More Analysis » What will it take for Joyce to go? It is the question hovering on the lips of every Qantas shareholder and employee - what new atrocity would it take for Qantas chief executive Alan Joyce to be shown the door? In his more than five disastrous years at the helm of the national carrier, almost every decision taken by Joyce could be preceded by the rider "ill-fated". And despite protestations, the woes are not the result of the capital structure or the Qantas Sale Act. More » Don't panic about wages, this isn't the '70s The legal case for Iraq intervention The paradox of political dysfunction A nation of coffee drinkers ... and racists? Sorry doesn't have to be the hardest word Kick the dividend addiction There's still time to talk their way out of it Doctors as dealers and the battle over opioids It's all fun and games until Twitter turns nasty Just In More Just In » 'Low mongrels' steal guitars from widower's collection By Josh Bavas A Brisbane widower has labelled thieves who stole part of his prized guitar collection, worth an estimated $30,000, as "low mongrels". More » Canberra letter bomber loses appeal over ATO sacking Nine posts headline profit slump but says underlying performance exceeds goals Bishop signs joint understanding agreement with Indonesia Plan to make medical cannabis clinical trials easier Queensland MP says sorry for criticising Asian drivers Share market falls, iron ore slumps, Qantas rare bright spot Suspension of West Africa flights 'putting Ebola staff at risk' HSU's Kathy Jackson questioned by ex-lover Call to boycott 'bigoted' anti-abortion, anti-gay conference World More World » Bishop signs joint understanding agreement with Indonesia By Indonesia correspondent George Roberts Foreign Minister Julie Bishop has signed a new agreement with her Indonesian counterpart in Bali that allows the two countries' relationship to return to normal. More » Suspension of West Africa flights 'putting Ebola staff at risk' UK girls threatened with rape, guns claim damages US health chief predicts Ebola death toll will 'get worse' Multimillionaire has 15 children via surrogacy in Thailand Mother's emotional plea for journalist's release Business More Business » Qantas shocks with $2.8bn loss; analysts call for management spill By business reporter Michael Janda Qantas has shocked industry observers with a record $2.84 billion loss, around three times as bad as expected. The airline has attributed most of the loss to a $2.6 billion writedown in the value of its international aircraft fleet. Chief executive Alan Joyce says that despite the "confronting" figures, he sees clearer skies ahead for Qantas and is hoping for a return to underlying profit this financial year. But despite the result, Qantas shares are up strongly on a plan to split off the struggling international division into a separate holding company. More » Qantas loss now nearly $3b: What will it take for Joyce to go? Capital expenditure rises on service sector expansion Share market falls, iron ore slumps, Qantas rare bright spot Nine posts headline profit slump but says underlying performance exceeds goals Ramsay Health Care shares rise on profit growth Politics More Politics » Bishop signs joint understanding agreement with Indonesia By Indonesia correspondent George Roberts Foreign Minister Julie Bishop has signed a new agreement with her Indonesian counterpart in Bali that allows the two countries' relationship to return to normal. More » Plan to make medical cannabis clinical trials easier HSU's Kathy Jackson questioned by ex-lover Call to boycott 'bigoted' anti-abortion, anti-gay conference Fact check: Labor blocking $5 billion of its own savings measures Sport More Sport » Ankle surgery ends Stewart's Manly career Manly team-mates have expressed shock and disappointment after learning stalwart Glenn Stewart has played his last game for the club. More » Karmichael Hunt to leave Suns after 2014 season Doping players ineligible for awards Hewitt well beaten by Berdych in US Open first round Wanderers cop abuse from rival fans Blades wants more physical Wallabies Science and Technology More Science and Technology » Immune cell discovery brings diabetes cure closer Researchers believe they have made a breakthrough that could help find ways to prevent type 1 diabetes, after catching immune cells at the "scene of the crime". More » CASA mulls use of electronic devices on take-off, landing Homemade robot hitchhikes across Canada Colleagues remember Q Fever vaccine crusader ANU scientists identify genetic cause of lupus in girl Environment More Environment » Zambia lifts ban on hunting, big cats remain protected Zambia has lifted a 20-month ban on safari hunting because it has lost too much revenue, but lions and leopards will remain protected, the government says. More » Concerns for marine life near deep sea mining project Adelaide contamination zone tenants stay put Headless seals found on beach treated as suspicious Drilling begins as authorities test for toxic chemicals About this email You received this email because you are subscribed to ABC News email alerts. This message was sent to you at starnewsposting@gmail.com Please add newslists@your.abc.net.au to your email address book to see images by default and stop the email being treated as spam. 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