Qantas Profit
Thread Starter
Qantas Profit
Noticed ABC News Finance reporter talking about the nice little first half profit for Qantas, obviously down to shrewd management skills of Mr Dixon and MS Jackson and the board.
Good thing those stupid mums and dads shareholder didn't sell out to the private equity mob.
How's Allco Finance traveling, Marg?
Good thing those stupid mums and dads shareholder didn't sell out to the private equity mob.
How's Allco Finance traveling, Marg?
Join Date: Aug 2003
Location: Sale, Australia
Age: 80
Posts: 3,832
Likes: 0
Received 0 Likes
on
0 Posts
Pity they didn't spend a few bucks on maintenance (drip shields, missing fasteners in seat rails etc). Why are the tech crew given the task of salvaging the stuff ups of management.
Join Date: Feb 2008
Location: OZ
Posts: 143
Likes: 0
Received 0 Likes
on
0 Posts
You know what QF really means? Quiet Fukcers !!!
They do it with the gen flying publics full support, why? 'cause the same people who own QF shares have no idea & never will of why their share prices rise!
Like slimy snakes in the grass, they live only to feed off it's employees!.
F
They do it with the gen flying publics full support, why? 'cause the same people who own QF shares have no idea & never will of why their share prices rise!
Like slimy snakes in the grass, they live only to feed off it's employees!.
F
The Reverend
Join Date: Oct 1999
Location: Sydney,NSW,Australia
Posts: 2,020
Likes: 0
Received 0 Likes
on
0 Posts
Flyitboy, I don't know what your contribution has been to Qantas but mine has been to shell out my dollars for QF shares. In return, I expect dividends which depend on profitable company results and I find the latest to be pleasing. I'll just hang in there a bit to see if the shares go up and then get rid of them before you and your ilk kill the golden goose.
Join Date: Jan 2005
Location: sydney
Posts: 255
Likes: 0
Received 0 Likes
on
0 Posts
Greedy ignorant shareholders!
Hotdog, whilst I sympathise with shareholders needing a return, that should not come from where it can't. Shareholders have a responsibility to pull management into line when needed. (ie ridiculous bonus's for poor management) Sadly its all about speculation not investment and we are ending up running a 1st class airline on a 3rd world budget for no other reason than greed and stupidity.
Good shareholders and management do not need or expect to leech the calcium from the bones nor the burn the muscle. They are clever enough to develop energy without siphoning the companies capital (in this case maintenance, skill, moral and training) to distribute as false short term gains.
What will you shares be worth when the Red tail is sticking out of the ground. Its coming to close to frequently now. Not much I suggest, oh thats right your a share holder you will just walk away, whinge you lost some money and still not understand why. I hope you will be on board with your mates. Sadly the staff will cope the brunt of this current stupidity.
Good shareholders and management do not need or expect to leech the calcium from the bones nor the burn the muscle. They are clever enough to develop energy without siphoning the companies capital (in this case maintenance, skill, moral and training) to distribute as false short term gains.
What will you shares be worth when the Red tail is sticking out of the ground. Its coming to close to frequently now. Not much I suggest, oh thats right your a share holder you will just walk away, whinge you lost some money and still not understand why. I hope you will be on board with your mates. Sadly the staff will cope the brunt of this current stupidity.
Join Date: Feb 2008
Location: OZ
Posts: 143
Likes: 0
Received 0 Likes
on
0 Posts
'rudderless1', well said, couldn't have put it better myself.
I to have shares but not with QF. So I know what a share holder expects/likes but at what cost? Greed is all that some see these rather than moderation for the good of all !
QF like all the other Co's listed on the stock exchange have done so for one reason, to enable an expansion of their buisness. BUT not at the cost of the very thing that makes up that cash cow business some share holders would like to think it is, & that's at the expense of the workers, the very reason you have share profits in the first place!
With so many unhappy workers within QF they will start to show some ill effects by way of poorer return profits, meaning less gain for the greedy !
You reap what you sow!
F
I to have shares but not with QF. So I know what a share holder expects/likes but at what cost? Greed is all that some see these rather than moderation for the good of all !
QF like all the other Co's listed on the stock exchange have done so for one reason, to enable an expansion of their buisness. BUT not at the cost of the very thing that makes up that cash cow business some share holders would like to think it is, & that's at the expense of the workers, the very reason you have share profits in the first place!
With so many unhappy workers within QF they will start to show some ill effects by way of poorer return profits, meaning less gain for the greedy !
You reap what you sow!
F
The Reverend
Join Date: Oct 1999
Location: Sydney,NSW,Australia
Posts: 2,020
Likes: 0
Received 0 Likes
on
0 Posts
Rudderless, so what you are suggesting is that the shareholders should take an active role in managing the company? Brilliant idea, that way we'll get better returns on our investment and perhaps share executive bonuses. Qantas is no longer government owned and controlled, I was employed by Qantas when it was. No greedy ignorant shareholders then. In route stations, my colleagues and I were chauffeur driven to the hangar and back home to the company provided free accommodation and our salary was tax free. Maybe you should fight to have Qantas nationalized?
Registered User **
Join Date: May 2005
Location: The Ultimate Crew Rest....
Age: 69
Posts: 2,346
Likes: 0
Received 0 Likes
on
0 Posts
There is no question as to whether or not the company should be making a profit.
It is well known that Darth has cut costs but how that has affected the bottom line and any other aspects of the company's operation is debatable.
The question should be how much better would the profit be if Darth worked with his employees rather than against them.
It is well known that Darth has cut costs but how that has affected the bottom line and any other aspects of the company's operation is debatable.
The question should be how much better would the profit be if Darth worked with his employees rather than against them.
Join Date: Feb 2008
Location: OZ
Posts: 143
Likes: 0
Received 0 Likes
on
0 Posts
'lowerlobe' yr point although plausable would never work as you, I & a lot of others know, working with rather than against the employers is fancyful! Darth wouldn't consider the employees in these modern times, it's all about 'performance' in the eyes of the shareholders, he looks good, they (the share holders) look good, everyones happy, accept those that got 'em all there in the first place, the backbone of any Co; the workers!
Remember the likes of GD wouldn't last 5 secs if they didn't perform, so something has to give to fatten the well healed, enter the human element !
F
Remember the likes of GD wouldn't last 5 secs if they didn't perform, so something has to give to fatten the well healed, enter the human element !
F
Registered User **
Join Date: May 2005
Location: The Ultimate Crew Rest....
Age: 69
Posts: 2,346
Likes: 0
Received 0 Likes
on
0 Posts
Remember the likes of GD wouldn't last 5 secs if they didn't perform
The point in question is what is the definition of the word 'perform' ?
It does not take much skill to cut and slash however it takes a lot more talent to motivate your employees and develop new products that distinguish your business from others.....
Join Date: Feb 2008
Location: OZ
Posts: 143
Likes: 0
Received 0 Likes
on
0 Posts
i thought it pretty obvious 'lowerlobe' what performance is where CEO's are most concerned about, their own! They don't do better or at least as good as the last then their out ! I happen to agree with yr last statement lowerlobe, just that the QF employees aren't getting what you mentioned. GD's concerns don't go anywhere near that area as we have seen here amongst these pages.
F
F
Nunc est bibendum
If we're going to bang on about 'performance' then I'd like to line Dixon up beside Gordon Bethune. Dixon would then be shown up as the one trick wonder that he is. No ability to motivate staff or create new ways of doing business- at least he didn't until offered a percentage of the company 
, just the same old tired mantra of slash and burn.
, just the same old tired mantra of slash and burn.
Join Date: Jan 2008
Location: Melbourne may aswell call it china these days
Posts: 48
Likes: 0
Received 0 Likes
on
0 Posts
I don't understand why the majority of you are against dixon.He's the best thing that couldve happend to QF.If it wasn't for dixon, Pilots would've had an at least 20-30% pay decrease a long time ago.Which is something that's on the horizon at QF in the not too far future.Especially having Mr. channel 9 "mr.Pecker" putting it on his personal to do list.QF days are just about gone, won't be long now.