Originally Posted by
romeocharlie
You're kidding right? Spending money in a time of transition when saving is imperative. The environment dictated an increase in fares - the RASK only increased for both companies when they were both to an unsustainable point. The EPS is indicative of the bad decisions that have been made over his tenure.
777Nine pretty much covered the main points, but I'll gladly add to it.
The acquisition of Tiger
The whole Bali debacle
Running 330's from Perth to Abu - costing millions when it didn't even happen
The ATR's
The
contest of 2014 with no winners
Hedging fuel incorrectly, with the ex-head of Caltex on your board
Perth to Abu Dhabi. Etihad Enforced.
Tiger Acquisition. Singapore Enforced.
If you think Etihad and Singapore were just sitting back watching everything happen your in another world.
Hold the CEO accountable. No Problem. Don’t forget to hold those major shareholders also because they have more involvement behind close doors than most think. The above two were key decision makers in major cockups also.