PPRuNe Forums - View Single Post - QANTAS - WHERE TO NOW?
View Single Post
Old 8th Sep 2012, 07:15
  #917 (permalink)  
QF94
 
Join Date: Jun 2008
Location: Sydney
Posts: 498
Likes: 0
Received 0 Likes on 0 Posts
And then!
At the end. When asked, how he would turn the business round, he called for a change a the top. Fair enough.
Then proceeded to suggest the Australian Government should apply protectionist taxes, due the fact that Emirates is "subsidised", receive "free petrol", and pays AUD$2 per hour "slave wages".

I was astonished. How could a guy sound initially so impressive and then completely destroy his own credibility in the space of one interview?
And he wants to buy Qantas?
That's why he wants to buy QANTAS. Pay wages of not much more per hour than the share price, have government protection for the business, turn a neat profit, and then on-sell the business to the next sucker after he's ripped the guts out of it.
QF94 is offline