Difficult day in Piazza Affari for the Finmeccanica title, which at the beginning of the afternoon left more than three points on the field, at the end of the Ftse Mib. In addition to the profit-taking that followed the recent increases, the news coming from Qantas.
After closing the last financial year with a loss, registering the first accounts in the red since 1995, the Sydney airline has canceled a maxi-order of 35 Boeing 787s, a model presented in May and the result of the cooperation between Boeing and Alenia Aermacchi, a company of the Finmeccanica group. The order would bring 8,5 billion Australian dollars (6,8 billion euros) into the coffers of the Italian company.
As explained by the CEO of Qantas, Alan Joyce, the order was canceled due to forecasts of lower growth in a global context characterized by uncertainty. "Quantas continues to practice disciplined capital management and this is a prudent decision," Joyce said.
Australia's national carrier announced a net annual loss of A$244 million (€204 million) due to high fuel prices and industrial competition. Last year, Qantas made a net profit of A$250 million (€209 million).
In any case, the cancellation of the order will not have repercussions on the delivery of fifteen Boeing 787s for Jetstar, Qantas' low-cost subsidiary, which should begin within the second half of 2012.
