Dixon To Retire Early

[packrat]

The rumour that Scrotum Face is leaving Qantas in the next month or so appears to be gathering momentum.
Maybe its just wishful thinking....may it prove to be true sooner than later.

[Wod]

Don't know about early - for heaven's sake the last official extension expires this November I think.

Anyway, in case you missed it


Clifford plans a change of guard | The Australian

[Mstr Caution]

The scuttlebug late last week, was that Leigh Clifford wants full disclosure to the board the group contribution by J*, including those costs absorbed by mainline.

[Green.Dog]

Clifford's Nose

Maybe Cliffords sense of smell has detected a decaying rat

[Howard Hughes]

The celebration after Geoff's departure will be short lived! Once the new encumbent discovers exactly what has been going on, they will be left with no option but to CUT COST'S (ie: more of the same)!

[captaintunedog777]

No

Lets get all the regular Q bashers together and watch them turn Q into a 2billion dollar profit company. You know 777's, axe Jetstar, pay rises for all even with $150 dollar a barrel fuel.

Go boys.

[teresa green]

I'll believe it when I see it. Reminds me of the sign down at the local pub, "free Beer tomorrow"!

[Wod]

Just to stir the pot

I'm with tunedog.

Careful what you wish for folks.

For instance - relative costs and strategic projections leads Clifford to flog QF mainline to Lufthansa and focus on Jet*

[speedbirdhouse]

Yes it makes enormous sense to chase the low yield price sensitive market at the expense of premium pax who fly largely regardless of world wide economic trends offering them a product that you can leverage a far higher yield..........

Doesn't it Geoff??

[QFinsider]

If it is indeed true that full disclosure of the "contribution margin" of Jetstar is required then finally has someone called Dixon's bluff.

I have heard through very reputable sources that he is largely alone in his pursuit of J*. The exeuctive have not spoken out, that is largely a result of them lacking integrity.

If this exercise has in fact done as I have suspected all along and dilute market position, reduce earnings and do a great deal of damage to the brand, then Dixon's place in history will be assured and his demise more rapid than he hoped.

His retirement will be hyped up, however if in fact the J* contribution to group performance is as small as I and many others suspect, then we have a long way to go to repair his "management"

[Mstr Caution]

Announce the full year 2007/2008 results & go out on a percieved high.

The engineers would have the PIA on hold till the end of the school holidays, by that time it's the new CEO's problem.

MC

[genex]

QFInsider.......

long sigh......this is just sad

[a cunning bastard]

Why is it sad GeneX

Well I suppose it would be sad if QFInsider is right and you're a Jet* A330 driver, you'll wind up back on the A320 when Jet* Intl is folded up.

I for one would like to know if the Jet* experiment is a success or not. Not the spin but the cold hard numbers, including how much QF has absorbed to keep the figures looking rosey.

[TurbTool]

So ACB, buy some QF shares and then exercise your right as a shareholder, to receive those answers.

If not for the second part of your post, you may received some support of your query.

[Sunfish]

While it's only a rumour it sounds credible.

From Dixon's point of view, he goes out with his reputation intact and doesn't have to make peace with the ALEA.

From the Board's point of view, they get a the possibility of a fresh start and a new business strategy that takes account of oil prices, inflation and demographic changes associated with continuing high oil prices and perhaps a recession as well as late delivery of the A380 and 787.

My guess is that they will appoint a "circuit breaker" CEO from outside the company, and my number one candidate would be the guy who is running Air New Zealand right now.

Then begins the process of cleaning out the stables. My guesswould be that QF shares will go into free fall if Dixon announces his departure, not because the profit this year won't be good, but that next year whoever has replaced him will make a stack of write downs when the follies of GD are reversed.

[kotoyebe]

Sunfish,
I wouldn't give this board that much credit. The company, it's network, and it's operational staff, were in meltdown over the weekend. I believe the board, and the executive have no idea how difficult it is at the moment, and I also don't think they care. I predict one of the 3 internal candidates delivering more of the same. I hope I'm wrong.

[SIUYA]

Sunfish..............

My guesswould be that QF shares will go into free fall if Dixon announces his departure, not because the profit this year won't be good, but that next year whoever has replaced him will make a stack of write downs when the follies of GD are reversed.

From the looks of the QF price history chart published by the ASX. it looks as though QF shares have already been in free fall for quite some time (about $5.25 at start of the year and now down to $3.35).

So if the new incumbent needs to make the write downs that you (sensibly) suggest need to be made, then he/she hasn't got too much latitude in terms of consequential downward share price movement before the ensuing shareholder 'revolt'/'riot' gets totally out of hand I'd have thought.

[argus.moon]

The Chairman's Got Balls

The vertically challenged runt now has a Chairman that has not only got balls but has an excellent understanding of how a large business is run.
No rubber stamp from Clifford.
The Runt has nowhere to go but out.
Finally everyone will see that the emperor has no clothes.

[FGD135]

QFinsider:

I have heard through very reputable sources that he is largely alone in his pursuit of J*.

You need to get yourself some new "reputable sources".

If this exercise has in fact done as I have suspected all along and dilute market position, reduce earnings and do a great deal of damage to the brand, ...

Jetstar is part of the brand! Therefore, for each of your assertions, it is fair to say the opposite is true.

a cunning bastard:

I for one would like to know if the Jet* experiment is a success or not.

You must live in a darkened room with no contact with the outside world to be asking this. VB was a significant threat to Qantas when they came along but are nowhere near that threat level now. Throughout that time, in fact, Qantas has risen to become one of the top 3 airlines of the world and their financial performance has been outstanding.

Sunfish, what will be written down?

genex, your posts are like a breath of fresh air around here. Please continue them.

[kotoyebe]

Throughout that time, in fact, Qantas has risen to become one of the top 3 airlines of the world and their financial performance has been outstanding.

Yep, all due to the Jetstar contribution. Which includes this:

Today I started trying to book a doctor client MEL BKK at 1130 - the booking engine finally accepted the credit card at 2145.

You, know. All that synergy between JQ and QF, holding back the DJ tide. Wow. Let's just dump the QF brand and go for the real money generator like the one EWL experienced today.