When the SP is high and the market is happy, the PPRuNe experts say it’s all because of fuel prices and dumb luck. If the SP was low, that would all be Alan’s fault and he should be sacked. In other words, he can’t win unless he gives you what you want industrially. It’s not going to happen.
Nice strawman, it isn't industrial it is reality; Qantas need a new fleet.
This 'management' had the opportunity of a lifetime with historical low rates of interest and build in yields. Fuel price being as low as it was, meant they could either invest or ignore; they chose the latter. Instead what they did was spend $1.75 billion of shareholder funds driving the share price higher and rewarding themselves handsomely. As I gestured to Mr Clifford, I am sure he has access to Forbes magazine, so by all means Justin have a read.
https://www.forbes.com/sites/greatsp.../#5414e3147841
Given Mr Joyce's very humble upbringing in Ireland, it is likely that the man has known some real hardship. Those of us who have also experienced it can attest that support and community are vital. I remain disappointed how quickly he forgot
the community, the family that a modern labour intensive airline actually is.
The share price is but a reflection of perceptions. That perception is now just beginning to challenge the carefully cultivated and repeated narrative.
Industrially he may attempt to gamble again that the events of 2011 are behind him and the public still believing that Qantas was 'terminal' and 'transformed'. He may blame pilots, he may blame staff and 'overpaid' pilots, that may or may not work, but ultimately they need a new fleet.
It is obvious to those in the company, it is obvious to the traveling public, their competition and even the MBA types running projections through black box computing program and 'selling' opinion as an analyst.
What disguised the structural problem that has been neglected by the 'management' was cheap fuel.
Pilots simply withdrawing co-operation will provide pressure, the company will attempt to identify transgressors and set up adversarial industrial HR against them, however CAR224 provides the ultimate protection. Well used it is difficult to identify, almost impossible to police yet very powerful.