Here we go
Qantas staff await grim news on possible compulsory redundancies
In a message to staff before Easter, Qantas' human resources chief, Jon Scriven, said the airline would consider ''mitigation strategies like "job swaps'' for non-executive support roles once each area of the business completed a ''detailed reassessment and review''.
"job swaps'' hmm, is that another way of saying QF to JQ, take it or leave it?
In an update on what he has described as the ''great capacity face-off'', Macquarie Equities analyst Sam Dobson said one of the major changes in the domestic market had been planned additional Jetstar flights on Sydney and Melbourne routes in the June quarter.
''In addition, Jetstar seat growth in the September quarter has grown, which is presumably on the back of Qantas looking to maintain share in the domestic market, with the new Jetstar capacity a response to the additional Tiger capacity growth,'' he said in a note to clients.
Mr Dobson said the other change had been a reduction in scheduled capacity mostly by Qantas and Jetstar into and out of Perth, which reflected a ''more rational response to a slowing in resource-driven demand''.
The broker believes the market is ''too bearish'' on earnings expectations for Qantas' next financial year because the latest data suggests yields - or return on fares - will improve over the coming months.
Some analysts say Qantas will post an underlying loss of about $800 million this financial year amid stiff competition in the domestic market and on international routes.
my bold
That line in the sand thing again.. for me it sounds more like the Jetstarisation of Q mainline..