Few interest points in the annual report 2011.
Qantas Group
Rolls-Royce settlement revenue 95 Million
The QF32 and consequential groundings of all the A380's affected the Qantas International segment but the settlement goes to the group?
Passenger service fees 2011 $341million 2010 $295million
"service" fees. Right.
Alan Joyce Shares 2011 - 721,255 2010 - 138,255
Nice 'performance' targets set by the board. Share price at a record low and still 600,000 shares are issued. Nice.
Travel Entitlements An annual benefit of trips for these Executives and eligible beneficiaries during employment, at no cost to the
individual, as follows:
Alan Joyce 4 International 12 Domestic Bruce
Buchanan 2 International 6 Domestic
But pilots are 'greedy' asking for a a single trip ? Hypocritical.
Qantas Performance – STIP Outcomes in 2010/2011
Underlying PBT for 2010/2011 increased by 46 per cent to $552 million.
Management’s contribution to this result was by way of a combination of co-ordinated responses to the challenges of the year, plus the
successful implementation and achievement of benefits from a number of key strategic initiatives:
—— Re-allocation of aircraft capacity within the Qantas network to re-establish services impacted by the grounding of A380 aircraft powered
by Rolls-Royce engines
—— Customer care initiatives to assist customers affected by the volcanic ash disruptions, and the earthquake, tsunami, cyclone and flood
events which resulted in such devastation in the key communities and markets that Qantas serves
Lucky we had the management there to do all of this singlehandedly. Here have a payrise and a few million shares.
Depreciation and amortisation 2010 Qantas ($1,069million) Jetstar ($17million)
Depreciation and amortisation 2011 Qantas ($1,124million) Jetstar ($71million)
Which balance sheet gets the privilege to depreciate the 9 x A330's on 'lease' to JQ International ? What about the 5 x A320's on 'lease' to JQ domestic ?