Go Back  PPRuNe Forums > PPRuNe Worldwide > Australia, New Zealand & the Pacific
Reload this Page >

Qantas Upgrades Profit Forecast

Wikiposts
Search
Australia, New Zealand & the Pacific Airline and RPT Rumours & News in Australia, enZed and the Pacific

Qantas Upgrades Profit Forecast

Thread Tools
 
Search this Thread
 
Old 13th Dec 2007, 01:27
  #1 (permalink)  
Thread Starter
 
Join Date: Aug 2004
Location: moon
Posts: 3,564
Received 90 Likes on 33 Posts
Qantas Upgrades Profit Forecast

From the ABC website:

Qantas upgrades outlook

Posted 1 hour 53 minutes ago

Australia's major airline Qantas has upgraded its profit outlook.

Qantas chief executive officer Geoff Dixon says pre-tax profit this financial year is now expected to be about 40 per cent higher than last year's result of just over $1 billion.

Mr Dixon says earnings for the first five months of the year have been above forecast and forward bookings remain robust.
Now doesn't that make you feel good? What a fantastic business model! What a pity the APA bid didn't go ahead, then the QANTAS business model would never have seen the light of day.

The Model:

1. Screw the Customers who have no choice but to use your product.

2. Scream and cry about foriegn competition, and that the sky is falling.

3. Screw the staff by making them fear for their jobs - see item number 2.

4. Profit.
Sunfish is offline  
Old 13th Dec 2007, 01:54
  #2 (permalink)  
 
Join Date: Oct 2006
Location: On a date with destiny.
Posts: 170
Likes: 0
Received 0 Likes on 0 Posts
Wow! It's amazing what a failed bid can do for a company... And the falling sky for that matter!
So, will Geoff be paying royalties to the failed APA people, for making use of their business model?
assasin8 is offline  
Old 13th Dec 2007, 02:39
  #3 (permalink)  
 
Join Date: Jul 2007
Location: Steerage
Posts: 60
Likes: 0
Received 0 Likes on 0 Posts
Hey Sunfish, you failed to include the latest take that this is just a "temporary" purple patch, the sky is actually still going to fall in, but not just quite yet...
Launch_code_Harry is offline  
Old 13th Dec 2007, 04:08
  #4 (permalink)  
Thread Starter
 
Join Date: Aug 2004
Location: moon
Posts: 3,564
Received 90 Likes on 33 Posts
Damn! Missed that bit, it's really comical to see Qantas screaming doom and gloom all the way to the bank....
Sunfish is offline  
Old 13th Dec 2007, 05:20
  #5 (permalink)  
 
Join Date: Oct 2006
Location: ...
Posts: 341
Likes: 0
Received 0 Likes on 0 Posts
Thumbs down

Hey Sunfish you forgot to include a rant about Sydney in your drivel.

Is it still raining down there?

ScottyDoo is offline  
Old 13th Dec 2007, 08:32
  #6 (permalink)  
 
Join Date: Jul 2007
Location: Australia
Age: 58
Posts: 2,217
Received 71 Likes on 38 Posts
Qantas management legend's in their own sheltered workshop!
Screw the worker and customer!
Bet management get a nice little bonus for Christmas and a bottle of wine!
Stationair8 is offline  
Old 13th Dec 2007, 09:15
  #7 (permalink)  
 
Join Date: Nov 2007
Location: sydney
Posts: 27
Likes: 0
Received 0 Likes on 0 Posts
The bonus will be at least 6 figures, the bottle of wine will actually be a case of Grange .

Too bad for the travelling public and all the hardworking , dedicated staff who are getting Ripped-off.

Who said that Gordon Gekko is dead? He's now is the CEO of an Australian airline. As GD would say,"You're lucky you've got a job, and I haven't outsourced you out to China or India"

Imagine, 12 months ago if the APA bid was successful?

Hey, as MAJ said, "you are all mental if you don't accept the offer"

I saw her picture in today's paper. when GD and MAJ were kissing each other when the APA bid was announced. It was enough to make me puke up my Weet-Bix.

GD is the devil himself, doesn't give a stuff about the staff or customers.

left 4 primary is offline  
Old 13th Dec 2007, 09:50
  #8 (permalink)  
 
Join Date: Jul 2007
Location: Australia
Age: 58
Posts: 2,217
Received 71 Likes on 38 Posts
Glad it is Grange, I would hate management to drink anything cheap and nasty!
Love when Geoff and Marg kiss reminds of watching B grade porn movies!
Stationair8 is offline  
Old 13th Dec 2007, 09:54
  #9 (permalink)  
 
Join Date: Nov 2007
Location: sydney
Posts: 27
Likes: 0
Received 0 Likes on 0 Posts
Only difference with watching a B grade Porn movie is that the travelling public and the staff are the ones who are getting screwed by Dixon
left 4 primary is offline  
Old 13th Dec 2007, 12:16
  #10 (permalink)  
 
Join Date: Mar 2005
Location: Queenland, Australia
Posts: 176
Likes: 0
Received 0 Likes on 0 Posts
It's great to see the Qantas Group doing so well...how about another premium airline ( Ansett Mark_? )to start-up in Oz and give the rather assertive, happy staff something to really smile about!

Last edited by aulglarse; 13th Dec 2007 at 12:30.
aulglarse is offline  
Old 13th Dec 2007, 18:22
  #11 (permalink)  
 
Join Date: Dec 2007
Location: in a house
Posts: 134
Likes: 0
Received 0 Likes on 0 Posts
Just be careful everyone, the airline isn't going as well as the figures suggest...

We all need to tighten our belts, work smarter and continuously improve.

Perhaps the future might be a bit more difficult for senior management, make them earn their bonuses.
whatdouknow is offline  
Old 13th Dec 2007, 20:37
  #12 (permalink)  
 
Join Date: Feb 2007
Location: Australia
Posts: 35
Likes: 0
Received 0 Likes on 0 Posts
So, will Geoff be paying royalties to the failed APA people, for making use of their business model?
No - when Qantas announced its restructuring plans a couple of months ago, they said they'd run the figures prior to the takeover bid (and of course we can assume there was never any collusion with APA ), and determined that this would be the way to go in terms of improving shareholder value etc.

Only problem was, they kinda forgot to mention any of this to the shareholders during the course of the takeover bid.
Spaghetti Monster is offline  
Old 14th Dec 2007, 02:13
  #13 (permalink)  
 
Join Date: Apr 2002
Location: Australia
Posts: 324
Likes: 0
Received 0 Likes on 0 Posts
It makes me sick. The top managment say knew nothing about the freight cartel, but are quick to say "we" are the ones that made this profit through their management.

One minute they don't know anything, the next everything good is because of them.
rammel is offline  
Old 14th Dec 2007, 11:48
  #14 (permalink)  
 
Join Date: May 2007
Location: Australia
Posts: 6
Likes: 0
Received 0 Likes on 0 Posts
Shame that the increase in profits, can only strech to a 3% pay increase for the QF LAME!

Go hard boys!
PA44_DRIVER is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.