Originally Posted by king oath
Having checked the Graph representing the Qantas share prices over the last 12 months, it looks like the downhill ski run at the winter olympics. And thats just since April.
Its about time the Board took stock of where Dixon and Co are taking this airline and acted.
Fuel price increases are a problem for every airline, not just qantas. Its what you do about it that counts. This bloke got by on a lot of luck in the early part of his tenure. The luck has run out and now the times require managment skills.
Right on target, King.
Since privatisation, both JBT and GD have had luck totally on their side. Were it not for the collapse of Ansett, the tough times would have visited Qantas a lot earlier than they did. EXCO were running scared at the prospect of Ansett, Virgin Blue and Impulse yapping at Qantas's heels and eroding its domestic market share. Luckily for them, AN went down, McGowan was happy to grab the money while it was on offer and DJ were still developing while all along Qantas's cup overrunneth. Also since privatisation, some hard decisions have not been taken and only now has the penny dropped. Sadly, it may be too late.
On another note, for how much longer can the Board allow drain on profits and cashflow that Jetstar Asia represents?
EXCO does not seem to allow losses of this magnitude from Australian operations so why do they tolerate them from uts Asia offshoot? They soon shut down AO when it failed to deliver what it was supposed to promise.