Originally Posted by
dragon man
I suspect that after Joyce sails off into the sunset and a new CEO comes along and looks at the fleet ages they will get the shock of their life. The only aircraft not due for replacement are the 787s everthing else is getting to its use by date. Tens of billions of $$$ will be needed for fleet replacement.
The point Mr Roger Montgomery was referring to with respect to Capital Expenditure was that to
maintain the fleet age at 10.2 years it needs to spend $1.3 billion. It needs to spend an additional $300 million on non flying assets.
Sweating the flying assets is one thing, but eventually they need to be replaced.
In ten years little Napoleon has done nothing.
He did order a complete fleet replacement for JQ.
With continued electronic media spend, a duplicitous media gleefully accepts chairman's lounges and countless upgrades. Olivia's office is well known in this regard. A huge expenditure to ensure their preferred narrative holds.
Look broadly at the industry, outside the home market myopia and Qantas is, under his tenure, in far worse shape than a decade ago.
Poor strategy, woeful execution and personal inadequacy makes for the perfect storm.
Time for the woodshed Little Napoleon.
Qantas need a new fleet.