More Turbulence for Aviation
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More Turbulence for Aviation
More Turbulence for Aviation
Transferred without comment from the Qantas pilots' website, is the following post by the outgoing AIPA President.
Hmmm! might fly when the economy has recovered, but who want's to buy airline stock at this time? 
Transferred without comment from the Qantas pilots' website, is the following post by the outgoing AIPA President.
According to the aviation press; the aviation industry hit severe turbulence in 2008 and is bracing for a hard ride in 2009 as the global financial crisis continues to dent demand for air travel.
"Fighting for Survival
Airlines in the new year will be focused on survival,
rather than growth. There are different factors at work in 2009.
Oil prices are going to stay below those levels that they reached
in 2008.
Consolidation is going to happen and I think the focus for a lot of players
is going to be on survival.
Airlines are expected to collectively incur $US5 billion ($7.3 billion) in
losses in 2009 due to the economic crisis, according to the International
Air Transport Association (IATA).
"The outlook is bleak," IATA director Giovanni Bisignani said recently.
"The chronic industry crisis will continue into 2009.
"We face the worst revenue environment in 50 years."
About 30 carriers collapsed in 2008, which is more than after the September
11, 2001, terrorist attacks in the US, Mr Bisignani has noted.
Airline Consolidation.
Airlines in Australia and abroad will look to consolidation in the year
ahead to create growth synergies and cut costs, analysts predict.
However, Qantas will be on the look out for a new partner after announcing
in December that its $8 billion planned merger with British Airways (BA) had
fallen out of the sky.
Under the Qantas Sales Act, the Australian carrier is required by the Qantas
Sales Act to maintain its main operational base and headquarters in
Australia, and for its chairman and two-thirds of it board members to be
Australian citizens. This could also have further complicated the merger
talks."
A Way to Win?
It appears to me that inorder for Qantas to comply with the Sale Act, its bilateral air route treaties, and use the necessary innovating financial instruments probably required to facilitate global consolidation, Qantas Staff may hold the key? If they choose to embrace ESOP, the Company may just be able to pull it all together and the Company yet sail out the otherside of the storm with blue sky ahead?
Anyone wishing to know more about why Employee Ownership may be an idea those time should visit: AEOA Discussion Forum - Getting Political Support for ESO
"Fighting for Survival
Airlines in the new year will be focused on survival,
rather than growth. There are different factors at work in 2009.
Oil prices are going to stay below those levels that they reached
in 2008.
Consolidation is going to happen and I think the focus for a lot of players
is going to be on survival.
Airlines are expected to collectively incur $US5 billion ($7.3 billion) in
losses in 2009 due to the economic crisis, according to the International
Air Transport Association (IATA).
"The outlook is bleak," IATA director Giovanni Bisignani said recently.
"The chronic industry crisis will continue into 2009.
"We face the worst revenue environment in 50 years."
About 30 carriers collapsed in 2008, which is more than after the September
11, 2001, terrorist attacks in the US, Mr Bisignani has noted.
Airline Consolidation.
Airlines in Australia and abroad will look to consolidation in the year
ahead to create growth synergies and cut costs, analysts predict.
However, Qantas will be on the look out for a new partner after announcing
in December that its $8 billion planned merger with British Airways (BA) had
fallen out of the sky.
Under the Qantas Sales Act, the Australian carrier is required by the Qantas
Sales Act to maintain its main operational base and headquarters in
Australia, and for its chairman and two-thirds of it board members to be
Australian citizens. This could also have further complicated the merger
talks."
A Way to Win?
It appears to me that inorder for Qantas to comply with the Sale Act, its bilateral air route treaties, and use the necessary innovating financial instruments probably required to facilitate global consolidation, Qantas Staff may hold the key? If they choose to embrace ESOP, the Company may just be able to pull it all together and the Company yet sail out the otherside of the storm with blue sky ahead?
Anyone wishing to know more about why Employee Ownership may be an idea those time should visit: AEOA Discussion Forum - Getting Political Support for ESO
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Your own your own Ebit, but between Qantas, Virgin and Rex- all other things being equal, stock in Qantas has got to be the the way to go.
$1.85 is the lowest price ever and it still employes the best paid aviation workers downunder.
Why its overpaid pilots and engineers don't make a play while they still get paid enough to do so, is beyond me. Apathy at work!
Go for it, before it's too late and are working for Jetstar and can no longer afford it.
$1.85 is the lowest price ever and it still employes the best paid aviation workers downunder.
Why its overpaid pilots and engineers don't make a play while they still get paid enough to do so, is beyond me. Apathy at work!
Go for it, before it's too late and are working for Jetstar and can no longer afford it.
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Why is Unphased an idot AoA. 
Have you got a better idea, or are you just one of those who are overpaid and still expect everyone else to feel sorry for you, even though you choose not to do anything to save yourself?
Have you got a better idea, or are you just one of those who are overpaid and still expect everyone else to feel sorry for you, even though you choose not to do anything to save yourself?
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Have just found out that from a pilot mate that:
Qantas has completed its share purchase plan offer and had some fool in the Pilots Association kept his hands in his pocket; Qantas employees who wished to participate in what Struggling and others are on about -we would already be looking at a 16% gain on our $1.51 SPP purchase price.
