why is it you can see it but those paid millions can't?
I think a lot of people on here have seen it coming for a while now VJet, including yourself, not just me, and none of us are paid millions.
I battle on because none of the staff did anything wrong, particularly the operational staff. OK, some of the senior pilots earn a good wack, they deserve it, it's the way it is for all legacy airlines who have been around for nearly 100 years, but they are productive and would fly 900 hours a year if the management ordered the right fleet in the first place. Instead, here we are in 2014 sharing out 600 hours a year roughly, for mainline pilots because of the poor fleet decisions going back to 2005,
betting the farm on what were essentially "experimental" aircraft and both were very late. Not one fat cat manger, all clearly lacking "common business sense" could see that they needed to order in small numbers "proven technology" (B777) to protect the established LH business. Anyway, we have been over and over this on here many times... it didn't happen even when they were offered B777s only a couple of years back. What pi_ _'s me off is the fact AJ & co turned their bad mistakes around to make the operational staff look bad claiming the pilots etc are too expensive and that they are non productive.... which is just plain wrong. They shirked responsibility for their poor decisions, blatantly front loading all the redundancy costs, Jetstar costs etc onto this years results destroying good peoples lives along the way, and to make it worse, bonus's all round next year for saving money, just a horrible way to do business.
Why? Because Jetstar International/Asia was going to save the day... hindsight is a wonderful thing, now we know it was all pie in the sky stuff, LC and AJ failed. The media fell for it, (not their fault) but the well paid "aviation/market analysts" fell for it or went along with it, not one of them setting off alarm bells that LC/AJ were on the wrong course. Great example here, just read the comments from TH & Co
Tigerair Mandala to cease flying on 30 June | Plane Talking
Says it all.. and those alarm bells should have been set off from those well paid aviation/market analysts at last years AGM when both LC & AJ said everything was "all good" and Qantas group was on track
http://www.pprune.org/australia-new-...ml#post8421055
http://www.qantas.com.au/infodetail/...essAGM2013.pdf
http://www.qantas.com.au/infodetail/...essAGM2013.pdf
Here we are in 2014 and look at the mess they have got themselves into, it's now all the staff's fault...but it's clear to many they didn't have a clue what was going on with their business at the time.. they seem to just say anything to get them through that day... a great sign of short term-ism management.
Over last weekend when Albo popped up in the media I knew that things were stirring again... they are all in on it, here we go again...
Qantas loss could break billion barrier
The Labor Party's weekend announcement that it would soften its stance on Qantas ownership restrictions suggests shadow transport minister Anthony Albanese may be girding his loins for another round of public debate on the need for some kind of government leg-up for the airline.
It's probably no coincidence his concessions have been heralded towards the end of a financial year in which the airline's performance has continued to deteriorate and on the eve of the matter being put to the Senate.
Stranger still, it coincides with speculation in the industry that Qantas may be set to release a loss much larger than anticipated.
Following a $250 million loss in the first half of the year the current analyst consensus is for a loss of around $700 million on an underlying basis. On top of this they are expecting about $200 million-$400 million of one-off losses - most accounted for by the cost of making 2200 jobs redundant by June 30, 2014. This would boost the airline's statutory loss to more than $1 billion. Some analysts have this number as high as $1.2 billion.
But over the past week the chatter that additional write-downs will be made - particularly on aircraft - has led to a view that even $1 billion could be well shy of the year-end underlying loss and that $1.5 billion could be closer to the mark. Qantas wouldn't be drawn on the speculation.