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Old 10th Jul 2008, 22:31
  #38 (permalink)  
Keg

Nunc est bibendum
 
Join Date: Apr 1999
Location: Sydney, Australia
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Speculation only.

I reckon that the announcement will be made at the Annual results in August with a changeover time frame that takes us through to February/March/April next year. I'll be very surprised if Geoff is gone before that.

genex, the lack of investment in the mainline product is noted and felt by us all. Many of us are surprised that we're still flogging around in old 767s although the 737-400 fleet is due to be gone within the next couple of years. The decision by Geoff et al to persist with a tired and expensive fleet on it's premium service where the big profits lie domestically whilst shunting lots of new capacity at the growth of a segment that contributes less per aircraft to the profit result- despite the lower costs of said aircraft- and in Geoff's own words is 'softening' mystifies many industry observers.

Then again, so does decisions that result in many hundreds of thousands- and probably now into the millions- being expended on fighting an extra 2% pay rise for a highly skilled part of the organisation.
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