Qantas Record Profit.
Join Date: Apr 2002
Location: Australia
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Just as an aside to the profit, could anyone please tell me how the tsunami helped cause AO's lose. From what I know AO only flew to Phuket for a number of charter flights and they had finished before the tsunami. I can't think of any other AO routes that were into any tsunami hit areas so how can this contribute to their lack of profit.
Elektra,
I am not and have never been a QF (or TN) employee but I do not see too much wrong with the QF fleet, fuel is only one consideration.
The B777 may not have suited the QF requirement 10 years ago. The latest B777's are streets ahead of the early build models in payload/range.
I do not see any B777's or other twins operating nonstop between Aust and the U.S. I do not see too many either operating between Aust and UK/Europe.
In any case there are no twins with the payload/range of the B747-400 and B747-400ER.
As QF were the first airline in the world to place a firm order (6 March 2001) for the A380 (12 plus 12 options) and the launch customer for the Trent 900 powerplant I do not think anyone culd accuse QF of not having the 'balls' to make fleet planning decisions.
While QF have been a very succesful airline over a number of years their financial performance is nothing to get too excited about. Last years profit of $763,600,000 after tax (Comm Bank $3,900,000,000) could just about pay for 2 x A380 with spares and start up costs.
Part of the profit increase was due to an increase of 9.5% in passenger revenue and a 46% increase in freight revenue.
The QF debt/equity ratio is 89.3% and as I have said before the business is high risk and below average financial returns expected by most company shareholders.
If any QF pilots think they are hard done by they should talk with some of their US counterparts. DL are about to seek protection under Chapter 11 and will be followed by NW CO and AA.
Some pilots have seen their salarys drop US$50,000 per year with a corresponding drop in retirement pension. Some of the ALPA decisions made a number of years ago have seen the chickens come home to roost.
The latest one to haunt them is the scope provision clauses in some contracts
I am not and have never been a QF (or TN) employee but I do not see too much wrong with the QF fleet, fuel is only one consideration.
The B777 may not have suited the QF requirement 10 years ago. The latest B777's are streets ahead of the early build models in payload/range.
I do not see any B777's or other twins operating nonstop between Aust and the U.S. I do not see too many either operating between Aust and UK/Europe.
In any case there are no twins with the payload/range of the B747-400 and B747-400ER.
As QF were the first airline in the world to place a firm order (6 March 2001) for the A380 (12 plus 12 options) and the launch customer for the Trent 900 powerplant I do not think anyone culd accuse QF of not having the 'balls' to make fleet planning decisions.
While QF have been a very succesful airline over a number of years their financial performance is nothing to get too excited about. Last years profit of $763,600,000 after tax (Comm Bank $3,900,000,000) could just about pay for 2 x A380 with spares and start up costs.
Part of the profit increase was due to an increase of 9.5% in passenger revenue and a 46% increase in freight revenue.
The QF debt/equity ratio is 89.3% and as I have said before the business is high risk and below average financial returns expected by most company shareholders.
If any QF pilots think they are hard done by they should talk with some of their US counterparts. DL are about to seek protection under Chapter 11 and will be followed by NW CO and AA.
Some pilots have seen their salarys drop US$50,000 per year with a corresponding drop in retirement pension. Some of the ALPA decisions made a number of years ago have seen the chickens come home to roost.
The latest one to haunt them is the scope provision clauses in some contracts
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First time I've looked at this part of pprune... not surprised to see squabbles over National Carrier issues...same with BA in the UK really.
For what its worth, I have just done the tourist trip to Australia (LHR/LAX/SYD/CNS and return), and I would say that SYD is a better place for the tourist to start his AUS trip than MEL (went there years ago).
I watched the QF hoo-haa about profits etc on your TV. If the staff at QF have issues, then, to their credit, they certainly did not show it on any of the flights I took - top class service all the way. Even the food was good!
There's no worse start to your holiday than paying good hard-earned money for your flight, only to be looked after by someone wearing a face like a smacked ar*e, and with attitude to match. (Certain staff working on other Carriers ex-LHR could take note!)
Well done QF - and thank you.
For what its worth, I have just done the tourist trip to Australia (LHR/LAX/SYD/CNS and return), and I would say that SYD is a better place for the tourist to start his AUS trip than MEL (went there years ago).
I watched the QF hoo-haa about profits etc on your TV. If the staff at QF have issues, then, to their credit, they certainly did not show it on any of the flights I took - top class service all the way. Even the food was good!
There's no worse start to your holiday than paying good hard-earned money for your flight, only to be looked after by someone wearing a face like a smacked ar*e, and with attitude to match. (Certain staff working on other Carriers ex-LHR could take note!)
Well done QF - and thank you.
Join Date: Mar 2001
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Profit
Yeah. How dare a public company chase a profit. They should be trying to make a loss. They should hire more staff and pay them what ever they want. 
Umm. Stop whining and buy some shares if you think they are making so much money?!
Umm. Stop whining and buy some shares if you think they are making so much money?!
