Investigate Qantas over deal rumours: TWU
The Transport Workers’ Union has called on the corporate regulator to investigate whether Qantas and Jetstar breached corporations law by fuelling rumours of deals with other airlines.
■
Read the Financial Review story which sparked the controversy
The union’s national secretary, Tony Sheldon, said on Tuesday morning: “We are hugely concerned that Qantas-Jetstar management under the leadership of Alan Joyce and Leigh Clifford may have been manipulating and flouting corporation law, by fuelling rumours of a deal with Emirates Airline, and talk of an Asian-based premium airline called Red Q.
“I have written to ASIC this morning, asking them to immediately begin an investigation into whether Qantas-Jetstar may have breached corporation laws. A number of instances recently – including their late disclosure to ASX about the fall in Qantas’ underlying net profits – triggered a collapse in the share price,” he said.
Good to see the TWU still on the case...
It has been an amazing three years at the roo, found a bit of a marathon video called
The Turbulent Years 2010 - 2012 - History... for the record of this thread..(47 mins, have to be in a lay back mood to watch it)
a collection of news stories related to Qantas over the past three years..
You got to say, the coverage has been extensive,
already an understatement...
Cookies must be enabled. | The Australian
ACCC wants further detail on Qantas pan-Asian plans
THE competition watchdog has asked Qantas for more information about its plans to co-ordinate its operations more closely with Jetstar-branded airlines in Asia.
The Qantas Group has warned that its pan-Asian strategy will come under threat unless the Australian Competition & Consumer Commission gives it the green light to co-operate more closely with Jetstar joint ventures in Japan, Vietnam and Singapore.
Qantas-Emirates stories raise and dash expectations again | Plane Talking
If Qantas was looking for a circuit breaker when it comes to raising market and consumer perception of the brand, the stories about an impending, or maybe imploding, deal with Emirates may have missed the mark.
The critical date for Qantas CEO Alan Joyce, and the chairman and board of directors, is 23 August, when they disclose the full year to 30 June results.
They will be ugly. The guidance from Qantas on 5 June that underlying profits would be down by as much as 91% was so disgracefully late that it shouldn’t be termed ‘guidance’ at all.
Hmmm..
