Qf5 Sinfra 26jan

[lowerlobe]

I think it wise to be careful when considering the suggestion in a public forum that an airline is willing to accept a hull loss if they save enough money....

This is getting a little close to the bone legally if you understand my drift....

[Millet Fanger]

PLEASE TELL ME THAT ISN'T TRUE

I wish I could tell you it's not true, but from what I see, IT IS TRUE!!!

The "bottom line" for this year is second only to individual bonuses for this year.

Terminating heavy maintenance saved money for a year or two, now it's coming back to bite. What's the cost of cancelling / delaying flights for up to a day, accommodation for 400+ people, and / or ferry flights.

Cutting staff / not training saved money for a year or two, until you don't have the manpower to get the aircraft maintained / dispatched on time. What's the cost when unlimited overtime still doesn't provide the manpower required. The schedule breakdown reverberates through the system the whole day. CityFlyer becomes CityMule - sometimes it will go, sometimes it won't - there is no way of telling.

Attaching safety to bonuses ensured a focus was placed on safety. It has also resulted in all sorts of behaviour by managers to ensure an LTI is not recorded.

QF corporate culture protects / increases this years bottom line, and hence bonus, while it makes the chances of next years QF5 SinFra 26Jan getting away on time even slimmer.

[Taildragger67]

PIOT Bord and Indamiddle,

Are you saying that such an exercise has been carried out and a certain "acceptable" figure arrived at?

I'm all for a prudent company planning (including finacially) for serious adverse events but the idea of an "acceptable" level of disaster (especially where life is put at risk) is, well, unacceptable.

I'd also agree with Lowerlobe that it's dangerous to suggest such things if they can't substantiated but if they can, I'm rather lost for words...

[Short_Circuit]

Fact

I was at an doom & gloom meeting many years ago and the manager speaking
appeared proud when he told us that q had factored in a H.L.


Factored - To determine or indicate explicitly the factors of

Budgeted - To plan in advance the expenditure of:

[OhSpareMe]

Gee, I must have missed the budgetary allocation for a Hull Loss in the annual report.

Can anyone point it out for me? Being a typical PPRUNER I don't want to do any leg work.

[Sunfish]

You won't find it in the numbers. It will be lumped into a "Provisions" line or "Long Term Liabilities" its just another way of hiding $100 million of profit. I wonder how many other "provisions" Qantas has convinced its external auditors it needs?".

Provisions can also be reversed out and sent straight to the bottom line if circumstances dictate.

Wonder how much Qantas has provisioned for restructuring?

[Short_Circuit]

I think this thread has gone way off course, time to shut it down?
S.CCT

[shitthatsbig]

I think this thread has gone way off course, time to shut it down?
S.CCT

Why? Is it starting to hit the truth nerve at the big Q?

[Short_Circuit]

Which truth do you speak of, Qf5 SinFra 26jan, long gone and not being discussed any longer.

[PIOT Bord]

It's On Track

In case you had forgotten, Short_Circuit, this thread is about Qantas's flight delays, their safety/reliability record and the public perception. Below is a quote from the thread starter.

It seems QANTAS' reliability/safety record is under threat from recent incidents. And confidence is not as high as in the past.

I think if you look at the entire thread you will see that most entries relate to these issues. You yourself have contributed recently on Qantas's safety/reliability record and their attitude towards such.

[Short_Circuit]

Fine, whatever.
Zut alors!