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Old 25th Oct 2022, 02:01
  #340 (permalink)  
43Inches
 
Join Date: Oct 2007
Location: Aus
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One doing a C check and another being a hangar queen, so schedules have been a bit loose. Again small fleet issues at the moment, can't get anything useful from stats other than loads are definitely on the up. Meanwhile everyone else is doing well at a time they should be doing well, we'll know more in Feb when half yearlies come up, other than that its all fluff and nonsense, as all airlines can bend the stats at present to suit the perfect scenario at this time of year. What I do see is some big marketing campaigns ramping up at VA and QF, that would indicate that they want more from future trends on bookings, ie the covid release is winding down and they need to do more for forward bookings. If the future trends were showing stability they would not be spending big on TV campaigns. QF is also going to need to do something about it's corner in Mascot, its horribly congested on the best of days, especially with the added regional flights, Rex is also using the hanagars down there for maintenance, so it's only adding to the congestion as they tow stuff around.

AJ can throw out any guidance he wants, it all ups his huge paypacket he's looking forward to come end year, he will probably retire then and head off to ireland where ASIC can't touch him as the fallout starts to descend in the years coming. VA was all rosy and next year profits, then suddenly in administration, although everyone that could read their financials knew it was coming more than 10 years ago. QF still has huge issues moving forward, not the least of which is no more large assets to sell off, other than the loyalty program itself, which makes most of the group profit, which will spell the end really if they went that route. Posting large profit this financial year when its all on pre-sold tickets, that were then told to pay more per flight to use on top of $2 bill of gov assistance, that's still to play out. With the likes of Harvey Norman and such paying back their taxpayer slices it's going to be hard for the airlines to post big profits and not be under pressure pay back their share. Rex is probably smart to keep its head down and post small losses for a few years.
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