by mrbigbird.. continuing to dismantle and reduce the network and decrease the product quality for our customers is absolutely what we can control,”
Is more on the money.. and yes Gareth believes we should all fall for this crap.. I can't see how LH can be cut back much more, it already is a shell compared to its former self..
The smh story is a rehash of the rehashed story from the AFR on Saturday.. same writer, Jamie Freed.. to her credit, she is getting in early and I sense she is a wake up to them..
“For us, it’s about controlling what we can control, and pulling out $1 billion worth of costs [and] continuing to improve the network and the product quality for our customers is absolutely what we can control,” Mr Evans said.
Qantas, including Jetstar, has a total controllable annual cost base of $11.6 billion, so the planned cuts will hit the international division disproportionately.
Qantas plan sparks cuts concerns
and today in the smh
“For us, it’s about controlling what we can control, and pulling out $1 billion worth of costs [and] continuing to improve the network and the product quality for our customers is absolutely what we can control,” Mr Evans said at the CAPA Australia Pacific Aviation Summit.
Qantas, including Jetstar, has a total controllable annual cost base of $11.6 billion, so the planned cuts will hit the international division disproportionately.
Bigbird, this shouldn't distract us from your wonderful post #
4841 which speaks volumes! LC is the -8 billion dollar man! What you said in that post should be sent to everyone... it really says it all! Even the media should get their head around that information...
It's only when you expand it all out that the true extent of the destruction of share holder value becomes obscenely obvious.
2,196,330,250 shares issued as of today.
Market cap today at $1.28
= $2,811,302,720
Joyce appointed Nov 28 2008
Market cap on that day at $2.23
= $4,897,816,457.5
Which means that Joyce has been responsible for a loss of share holder value that equates to $2,086,513,740. And that's before the 1 billion or so dip in profit is announced. The board must be very happy with him because they have paid him $22,000,000 to achieve that 2 billion dollar loss. Which is the only thing he has achieved during his 5 year (plus 1) plan.
But it gets worse.
Clifford was appointed 14 Nov 2007
Market cap on that day at $5.09
= $11,179,320,972.50 which
equates to a loss of share holder value of:
$8,368,018,25
I'm simply staggered and appalled to see these losses quantified in black and white.
There is much talk that Joyce will out soon. But as you see he is only a wee apprentice to the 8 Billion Dollar Chairman.
