Originally Posted by
Ex A380-800 driver
Yarra- I think we all know that. But this year is different.
We made 2.1 BN in the first 6 months.
The second 6 months is traditionally better performing.
We allegedly made 1bn in the the ensuring 6 months.
No accidents, no wars, no volcanic ash, stable fuel prices, and by their own admission 80% load factors.
so how come over 50% less in the second 6 months. Something stinks, something doesn't add up. That is the issue. Just who is responsible for that?
...
This is what bothers me:
Key ratios 2012-13 2011-12 2010-11 2009-10 2008-09 2007-08 2006-07 2005-06 2004-05 2003-04
Operating margin 3.9 2.9 10.0 8.2 5.3 11.5 11.4 11.7 14.6 13.3
Profit margin 3.1 2.4 9.9 8.1 1.6 12.9 10.6 10.9 13.4 12.0
The last 2 years have seen operating and profit margin much lower than historically.
What has our highly touted new yield guru done to address this. Since his background, I believe, is legacy (LH) is he applying legacy airline strategies here? In which case will we see our first loss before long?
If so, will he be accountable?