QANTAS - WHERE TO NOW?
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Todays Geelong Advertiser Richard Marles MP Thinks Qantas is going send The refurbishing of 16 aged 767s to Avalon because he thinks they should Richard Qantas could not care less what you think .
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Qantas to be featured on 7.30 ABC tv Thursday night. ( in Sydney anyway)
Last edited by ampclamp; 22nd Aug 2012 at 11:45.
I think Jethro was referring to this, but was unable to find the punctuation keys on his keyboard. 
Avalon Pushes For Qantas Refit
Avalon Pushes For Qantas Refit
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23-08-2012 Qantas results Alan Joyce
where to now? the 7.30 report in full, for the record of the thread.
Last edited by TIMA9X; 23rd Aug 2012 at 12:10.
QANTAS CEO
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You can grow a business by acquisition i.e. Network - and you can also create shareholder value by a BUYBACK.
How are "landing slots" owned in Australia? Surely Rex would be a good takeover prospect for QF just for the Sydney landing slots????????
Considering they last diluted shareholder value to raise capital at 1.40, I think a share buyback would be appropriate.
How are "landing slots" owned in Australia? Surely Rex would be a good takeover prospect for QF just for the Sydney landing slots????????
Considering they last diluted shareholder value to raise capital at 1.40, I think a share buyback would be appropriate.
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Qantas - Where to now? It's Dubai
For the record of the thread.... shares up 7 per cent after the announcement as well..
Matt O'Sullivan makes some good points in this story...
Interesting times ahead me thinks....
Matt O'Sullivan makes some good points in this story...
Emirates alliance a flying leap of faith
TO QANTAS chief executive Alan Joyce, it is a coup that marks a step change for Australia's de facto national airline.
Not only is it a key to returning Qantas' international premium operations to the black after huge losses over the past year, but a deal that heralds a new era in global aviation.
After failed attempts to set up a premium airline in Asia, a decimated share price and a fare war in its home market, Joyce desperately needed a deal with Emirates to give investors confidence in his leadership.
He delivered that in the form of a ''benefit-sharing'' alliance with Emirates, the Middle Eastern airline which until yesterday had shown a distaste for tie-ups under the leadership of Tim Clark.
The deal was far more extensive than envisaged when the serious talks began between both sides more than six months ago. It was far more wide-ranging than investors had expected, too.
Importantly, Joyce bought time to prove he can turn Qantas around.
But to some aviation veterans, the unveiling of the deal with Emirates signifies a further retreat by Qantas and the possibility of it one day ending up as a mere regional airline - a raising of the white flag in the face of an aggressive onslaught from Middle Eastern and Chinese airlines, they said. ''It is a code-share on steroids but not real steroids,'' exclaimed one.
Their fear remains that Qantas will end up gifting its passengers to Emirates.
And that the ditching of Qantas flights to Frankfurt - its last remaining destination in continental Europe - merely signifies a further shrinking of the Flying Kangaroo's network to Asia and a few other countries such as the US, Chile and South Africa.
The question remains: is a deal with your fiercest competitor the key to your fortunes?
Read more: Emirates alliance a flying leap of faith
TO QANTAS chief executive Alan Joyce, it is a coup that marks a step change for Australia's de facto national airline.
Not only is it a key to returning Qantas' international premium operations to the black after huge losses over the past year, but a deal that heralds a new era in global aviation.
After failed attempts to set up a premium airline in Asia, a decimated share price and a fare war in its home market, Joyce desperately needed a deal with Emirates to give investors confidence in his leadership.
He delivered that in the form of a ''benefit-sharing'' alliance with Emirates, the Middle Eastern airline which until yesterday had shown a distaste for tie-ups under the leadership of Tim Clark.
The deal was far more extensive than envisaged when the serious talks began between both sides more than six months ago. It was far more wide-ranging than investors had expected, too.
Importantly, Joyce bought time to prove he can turn Qantas around.
But to some aviation veterans, the unveiling of the deal with Emirates signifies a further retreat by Qantas and the possibility of it one day ending up as a mere regional airline - a raising of the white flag in the face of an aggressive onslaught from Middle Eastern and Chinese airlines, they said. ''It is a code-share on steroids but not real steroids,'' exclaimed one.
Their fear remains that Qantas will end up gifting its passengers to Emirates.
And that the ditching of Qantas flights to Frankfurt - its last remaining destination in continental Europe - merely signifies a further shrinking of the Flying Kangaroo's network to Asia and a few other countries such as the US, Chile and South Africa.
The question remains: is a deal with your fiercest competitor the key to your fortunes?
Read more: Emirates alliance a flying leap of faith
Last edited by TIMA9X; 6th Sep 2012 at 15:10.
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Prelude to the AGM??
Alan Joyce the wrong man for Qantas's top job, says John Singleton
ADVERTISING man John Singleton rained on Qantas chief executive Alan Joyce's parade yesterday, claiming there was a "crisis of management" at the national carrier on the day it unveiled a major alliance with Middle Eastern powerhouse Emirates Airlines.
Mr Singleton said the low share price, poor marketing and international ratings, and combative industrial relations were evidence of management failings. He added that Mr Joyce was the wrong man for the job.
"Qantas is one of only two companies it and Telstra where Australians see them as a reflection of themselves," Mr Singleton said in an interview on Sky Business last night.
"Qantas now is undergoing a crisis of management because a wrong decision was made about a CEO. There is nothing good about Qantas any more: the marketing is wrong, its advertising is wrong and the persona of the company is wrong."
Qantas yesterday ditched long-standing partner British Airways to form an alliance with Emirates on European routes as part of its efforts to restore the international division, which last year lost $454 million. The deal mirrors similar arrangements struck by Virgin Australia chief executive John Borghetti, who was overlooked for the top job at Qantas and has since rebuilt profits at the No 2 airline through alliances with Etihad and Air New Zealand and an improved domestic offering that has taken market share from Qantas.
Mr Singleton last night cited the collapse in the share price -- down from $5.44 in 2008 to $1.20 yesterday -- and a slide in customer ratings as evidence of management failings at the airline.
Mr Singleton said Qantas had two better candidates for the chief executive's job in Mr Borghetti and former Qantas chief financial officer Peter Gregg, now CFO at Leighton Holdings.
Asked whether it was too simplistic to blame the chief executive, considering other cost and competitive pressures, Mr Singleton pondered why Mr Borghetti had been able to get it right under many of the same cost challenges.
"If Borghetti and Joyce swapped airlines, the Qantas share price would go up and Virgin's would go down, no question," he said.
Mr Singleton, whose long-running "still call Australia home" advertisements for Qantas have only recently been replaced, is one of a group of wealthy investors including venture capitalist Mark Carnegie and former Qantas chief executive Geoff Dixon who have been repeatedly rumoured to be looking at a play for Qantas.
"We have always been interested in assets that are good value and given the share price, you'd have to say it looks like good value," Mr Singleton said.
As chief executive, Mr Dixon had endorsed a private equity bid in 2007 that valued Qantas at $11bn and would have delivered him $70m, but was thwarted by shareholders. He was subsequently paid an incentive to find a successor in Mr Joyce, who had run the Jetstar low cost airline started up by Qantas.
Mr Joyce grounded the airline over a confrontation with unions last year, cancelled an order for new Boeing Dreamliners and has presided over the airline's first loss since listing in 1995.
Mr Singleton said there was a leadership black hole at the airline after the company enjoyed years of strong executive and board leadership from Gary Pemberton, James Strong, Margaret Jackson and Mr Dixon.
"Nowadays there is an invisible chairman -- does he make himself available for interviews? -- and an invisible CEO in Alan Joyce, who is probably doing his best but every time he bobs up there's more bad news," Mr Singleton said. "He has no people skills and it's all bad, bad, bad."
Mr Singleton thinks the leadership has to be held responsible for the plight the company is in.
"When they start announcing record losses instead of record profits and the solution is no new planes, you know they haven't got a clue," he said.
ADVERTISING man John Singleton rained on Qantas chief executive Alan Joyce's parade yesterday, claiming there was a "crisis of management" at the national carrier on the day it unveiled a major alliance with Middle Eastern powerhouse Emirates Airlines.
Mr Singleton said the low share price, poor marketing and international ratings, and combative industrial relations were evidence of management failings. He added that Mr Joyce was the wrong man for the job.
"Qantas is one of only two companies it and Telstra where Australians see them as a reflection of themselves," Mr Singleton said in an interview on Sky Business last night.
"Qantas now is undergoing a crisis of management because a wrong decision was made about a CEO. There is nothing good about Qantas any more: the marketing is wrong, its advertising is wrong and the persona of the company is wrong."
Qantas yesterday ditched long-standing partner British Airways to form an alliance with Emirates on European routes as part of its efforts to restore the international division, which last year lost $454 million. The deal mirrors similar arrangements struck by Virgin Australia chief executive John Borghetti, who was overlooked for the top job at Qantas and has since rebuilt profits at the No 2 airline through alliances with Etihad and Air New Zealand and an improved domestic offering that has taken market share from Qantas.
Mr Singleton last night cited the collapse in the share price -- down from $5.44 in 2008 to $1.20 yesterday -- and a slide in customer ratings as evidence of management failings at the airline.
Mr Singleton said Qantas had two better candidates for the chief executive's job in Mr Borghetti and former Qantas chief financial officer Peter Gregg, now CFO at Leighton Holdings.
Asked whether it was too simplistic to blame the chief executive, considering other cost and competitive pressures, Mr Singleton pondered why Mr Borghetti had been able to get it right under many of the same cost challenges.
"If Borghetti and Joyce swapped airlines, the Qantas share price would go up and Virgin's would go down, no question," he said.
Mr Singleton, whose long-running "still call Australia home" advertisements for Qantas have only recently been replaced, is one of a group of wealthy investors including venture capitalist Mark Carnegie and former Qantas chief executive Geoff Dixon who have been repeatedly rumoured to be looking at a play for Qantas.
"We have always been interested in assets that are good value and given the share price, you'd have to say it looks like good value," Mr Singleton said.
As chief executive, Mr Dixon had endorsed a private equity bid in 2007 that valued Qantas at $11bn and would have delivered him $70m, but was thwarted by shareholders. He was subsequently paid an incentive to find a successor in Mr Joyce, who had run the Jetstar low cost airline started up by Qantas.
Mr Joyce grounded the airline over a confrontation with unions last year, cancelled an order for new Boeing Dreamliners and has presided over the airline's first loss since listing in 1995.
Mr Singleton said there was a leadership black hole at the airline after the company enjoyed years of strong executive and board leadership from Gary Pemberton, James Strong, Margaret Jackson and Mr Dixon.
"Nowadays there is an invisible chairman -- does he make himself available for interviews? -- and an invisible CEO in Alan Joyce, who is probably doing his best but every time he bobs up there's more bad news," Mr Singleton said. "He has no people skills and it's all bad, bad, bad."
Mr Singleton thinks the leadership has to be held responsible for the plight the company is in.
"When they start announcing record losses instead of record profits and the solution is no new planes, you know they haven't got a clue," he said.
If that is a fair report of what Singleton says, then the knives are out.
Joyce was too stupid then even Dixon calculated. The Sydney boyz wanted to buy the Qantas brand for peanuts, but now Emirates gets to trash it for free.
Joyce was too stupid then even Dixon calculated. The Sydney boyz wanted to buy the Qantas brand for peanuts, but now Emirates gets to trash it for free.
I would suggest those words are more Geoff Dixon's than Singleton's given their known closeness.
You're right Sunfish - the knives are out. This "crisis of management" (a sentiment with which I agree wholeheartedly by the way) and this article look like the first move in a coup and then probably another private equity play.
You're right Sunfish - the knives are out. This "crisis of management" (a sentiment with which I agree wholeheartedly by the way) and this article look like the first move in a coup and then probably another private equity play.
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Not a truer word spoken. I know it's Singleton's words and that his advertising agency dumped, but it's a public figure trashing AJ and saying what staff have been saying for a long time. Although it was Dixon and co that chose AJ.
Get those knives out and sharpen them and let the culling of management begin. Not a moment too soon either.
Get those knives out and sharpen them and let the culling of management begin. Not a moment too soon either.
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Get those knives out and sharpen them and let the culling of management begin.
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Singo vs Joyce... Ouch!
Alan Joyce wrong man for job: Singo
ADVERTISING man John Singleton rained on Qantas chief executive Alan Joyce’s parade yesterday, claiming there was a ‘‘crisis of management’’ at the national carrier on the day it unveiled a major alliance with Middle Eastern powerhouse Emirates Airlines.
Mr Singleton said the l ow share price, poor marketing and international ratings, and combative industrial relations were evidence of management failings. He added that Mr Joyce was the wrong man for the job.
‘‘Qantas is one of only two companies – it and Telstra – where Australians see them as a reflection of themselves,’’ Mr Singleton said in an interview on Sky Business last night.
‘‘Qantas now is undergoing a crisis of management because a wrong decision was made about a CEO. There is nothing good about Qantas any more: the marketing is wrong, its advertising is wrong and the persona of the company is wrong.’’
Qantas yesterday ditched long-standing partner British Airways to form an alliance with Emirates on European routes as part of its efforts to restore the international division, which last year lost $454 million. The deal mirrors similar arrangements struck by Virgin Australia chief executive John Borghetti, who was overlooked for the top job at Qantas and has since rebuilt profits at the No 2 airline through alliances with Etihad and Air New Zealand and an improved domestic offering that has taken market share from Qantas.
Mr Singleton last night cited the collapse in the share price — down from $5.44 in 2008 to $1.20 yesterday — and a slide in customer ratings as evidence of management failings at the airline.
Mr Singleton said Qantas had two better candidates for the chief executive’s job in Mr Borghetti and former Qantas chief financial officer Peter Gregg, now CFO at Leighton Holdings.
Asked whether it was too simplistic to blame the chief executive, considering other cost and competitive pressures, Mr Singleton pondered why Mr Borghetti had been able to get it right under many of the same cost challenges.
‘‘If Borghetti and Joyce swapped airlines, the Qantas share price would go up and Virgin’s would go down, no question,’’ he said.
Mr Singleton, whose longrunning ‘‘still call Australia home’’ advertisements for Qantas have only recently been replaced, is one of a group of wealthy investors including venture capitalist Mark Carnegie and former Qantas chief executive Geoff Dixon who have been repeatedly rumoured to be looking at a play for Qantas.
‘‘We have always been interested in assets that are good value and given the share price, you’d have to say it looks like good value,’’ Mr Singleton said.
As chief executive, Mr Dixon had endorsed a private equity bid in 2007 that valued Qantas at $11bn and would have delivered him $70m, but was thwarted by shareholders. He was subsequently paid an incentive to find a successor in Mr Joyce, who had run the Jetstar low cost airline started up by Qantas.
Mr Joyce grounded the airline over a confrontation with unions last year, cancelled an order for new Boeing Dreamliners and has presided over the airline’s first loss since listing in 1995.
Mr Singleton said there was a leadership black hole at the airline after the company enjoyed years of strong executive and board leadership from Gary Pemberton, James Strong, Margaret Jackson and Mr Dixon.
‘‘Nowadays there is an invisible chairman — does he make himself available for interviews? — and an invisible CEO in Alan Joyce, who is probably doing his best but every time he bobs up there’s more bad news,’’ Mr Singleton said. ‘‘He has no people skills and it’s all bad, bad, bad.’’
Mr Singleton thinks the leadership has to be held responsible for the plight the company is in.
ADVERTISING man John Singleton rained on Qantas chief executive Alan Joyce’s parade yesterday, claiming there was a ‘‘crisis of management’’ at the national carrier on the day it unveiled a major alliance with Middle Eastern powerhouse Emirates Airlines.
Mr Singleton said the l ow share price, poor marketing and international ratings, and combative industrial relations were evidence of management failings. He added that Mr Joyce was the wrong man for the job.
‘‘Qantas is one of only two companies – it and Telstra – where Australians see them as a reflection of themselves,’’ Mr Singleton said in an interview on Sky Business last night.
‘‘Qantas now is undergoing a crisis of management because a wrong decision was made about a CEO. There is nothing good about Qantas any more: the marketing is wrong, its advertising is wrong and the persona of the company is wrong.’’
Qantas yesterday ditched long-standing partner British Airways to form an alliance with Emirates on European routes as part of its efforts to restore the international division, which last year lost $454 million. The deal mirrors similar arrangements struck by Virgin Australia chief executive John Borghetti, who was overlooked for the top job at Qantas and has since rebuilt profits at the No 2 airline through alliances with Etihad and Air New Zealand and an improved domestic offering that has taken market share from Qantas.
Mr Singleton last night cited the collapse in the share price — down from $5.44 in 2008 to $1.20 yesterday — and a slide in customer ratings as evidence of management failings at the airline.
Mr Singleton said Qantas had two better candidates for the chief executive’s job in Mr Borghetti and former Qantas chief financial officer Peter Gregg, now CFO at Leighton Holdings.
Asked whether it was too simplistic to blame the chief executive, considering other cost and competitive pressures, Mr Singleton pondered why Mr Borghetti had been able to get it right under many of the same cost challenges.
‘‘If Borghetti and Joyce swapped airlines, the Qantas share price would go up and Virgin’s would go down, no question,’’ he said.
Mr Singleton, whose longrunning ‘‘still call Australia home’’ advertisements for Qantas have only recently been replaced, is one of a group of wealthy investors including venture capitalist Mark Carnegie and former Qantas chief executive Geoff Dixon who have been repeatedly rumoured to be looking at a play for Qantas.
‘‘We have always been interested in assets that are good value and given the share price, you’d have to say it looks like good value,’’ Mr Singleton said.
As chief executive, Mr Dixon had endorsed a private equity bid in 2007 that valued Qantas at $11bn and would have delivered him $70m, but was thwarted by shareholders. He was subsequently paid an incentive to find a successor in Mr Joyce, who had run the Jetstar low cost airline started up by Qantas.
Mr Joyce grounded the airline over a confrontation with unions last year, cancelled an order for new Boeing Dreamliners and has presided over the airline’s first loss since listing in 1995.
Mr Singleton said there was a leadership black hole at the airline after the company enjoyed years of strong executive and board leadership from Gary Pemberton, James Strong, Margaret Jackson and Mr Dixon.
‘‘Nowadays there is an invisible chairman — does he make himself available for interviews? — and an invisible CEO in Alan Joyce, who is probably doing his best but every time he bobs up there’s more bad news,’’ Mr Singleton said. ‘‘He has no people skills and it’s all bad, bad, bad.’’
Mr Singleton thinks the leadership has to be held responsible for the plight the company is in.
Very interesting comments indeed. It surprises me considering that Singo is a great mate of Dixon and it has been suggested, would be a partner with Dixon if there was a buyout by Dixon and his other mates like Carnegie.
I guess we have all assumed that Dixon still has a major say in regards to QF and AJ consults with Dixon seeking advice.
So it does get confusing,
- Singo is his own man for sure but
- Does Dixon feel the same way ? or
- Has the 'board' decided to try and get the airline back on track and have they told Dixon to 'p... off' ?
One thing for sure Singo and Dixon are still partners John Singleton buys up Marlborough Hotel in Newtown | Realestate | Real Estate | Property & Real Estate | Daily Telegraph | thetelegraph.com.au
I guess we have all assumed that Dixon still has a major say in regards to QF and AJ consults with Dixon seeking advice.
So it does get confusing,
- Singo is his own man for sure but
- Does Dixon feel the same way ? or
- Has the 'board' decided to try and get the airline back on track and have they told Dixon to 'p... off' ?
One thing for sure Singo and Dixon are still partners John Singleton buys up Marlborough Hotel in Newtown | Realestate | Real Estate | Property & Real Estate | Daily Telegraph | thetelegraph.com.au
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What a joke The Australian is. So do they think he is the business man of the year still???
The editor at the Australian and majority of News Corp papers would turn really nasty toward Qantas if one thing was withdrawn from this group...the advertising dollars.
After the failed APA bid in 2007 and even before this, the focus of running Qantas as a quality product was in decline due to asset stripping and trying to make it look better on the books than what the product actually was.
I wonder if Singo is still upset about the failure of APA or is looking to be the saviour investor! Yeah right!
It is amazing reading the historic posts on this website over the last few years to see just how accurate many of the projections were.
These 'managers' did one thing and that was to be the best paid airline managers in the world. The only thing this boys club did was look after itself. Now the panick has set in due to decisions/ or lack of made in the last decade.
Who's living in cloud cuckoo land?
The editor at the Australian and majority of News Corp papers would turn really nasty toward Qantas if one thing was withdrawn from this group...the advertising dollars.
After the failed APA bid in 2007 and even before this, the focus of running Qantas as a quality product was in decline due to asset stripping and trying to make it look better on the books than what the product actually was.
I wonder if Singo is still upset about the failure of APA or is looking to be the saviour investor! Yeah right!
It is amazing reading the historic posts on this website over the last few years to see just how accurate many of the projections were.
These 'managers' did one thing and that was to be the best paid airline managers in the world. The only thing this boys club did was look after itself. Now the panick has set in due to decisions/ or lack of made in the last decade.
Who's living in cloud cuckoo land?
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Dont forget the rules of QF PR.
1 Don't believe a word that anyone says.
2. What is happening is not what you read.
3. When announcements are made, it is spin at 100 mph to get headlines.
4. It takes a while for the true position to emerge and then they go quiet and dream up the next plan.
5. No one breaks ranks.
6. Self is the major factor.
So where were we?
1 Don't believe a word that anyone says.
2. What is happening is not what you read.
3. When announcements are made, it is spin at 100 mph to get headlines.
4. It takes a while for the true position to emerge and then they go quiet and dream up the next plan.
5. No one breaks ranks.
6. Self is the major factor.
So where were we?