Virgin Blue to shed 400 jobs ....
Join Date: Nov 2000
Location: Tasmania
Posts: 166
Likes: 0
Received 0 Likes
on
0 Posts
Well, Adelaide-Hobart-Adelaide is no longer it seems after from April
Looking at availability on ADL-HBA in the next few weeks, they appear to be very full. Lots of days where you can't get a flight for under $400 in either direction. I would be surprised if DJ did drop this route; they've just added a HBA-CBR, so if they can fill 70 seats a day to CBR, they should be able to fill 70 seats a day to ADL! Given that DJ have spent four and a half years building this route up and growing the market, I doubt that they would just throw it all away! Also the NS09 inbound and outbound HBA schedules aren't matching up overly well currently, so maybe there are some E-Jets replacing 737s to HBA for the winter period, and so there might be something like MEL-HBA-ADL flights in the pipeline?
I think the 8% cuts are being announced tomorrow, so I guess we'll find out then.
Airtags - you are talking c**p.
What I am guessing is that the cash reserves would run the airline until 26 April IF no other income was to come in from the day the memo was released and all flights continued operating. Ie full expenses but no revenue. Days operating revenue was about 3 mths late last year so it has slipped by a couple of weeks which is prob not good.
I am sure they would be required to report to ASX if there last statement said 600mil cash reserves and they have eaten through that in 6mths. When the wage bill is say 7000 employees by 80k/yr = 560 mil /yr the company would be in trouble if they had lost all of that in 6 mths while still operating. Hardly plausible.
Only my opinion
What I am guessing is that the cash reserves would run the airline until 26 April IF no other income was to come in from the day the memo was released and all flights continued operating. Ie full expenses but no revenue. Days operating revenue was about 3 mths late last year so it has slipped by a couple of weeks which is prob not good.
I am sure they would be required to report to ASX if there last statement said 600mil cash reserves and they have eaten through that in 6mths. When the wage bill is say 7000 employees by 80k/yr = 560 mil /yr the company would be in trouble if they had lost all of that in 6 mths while still operating. Hardly plausible.
Only my opinion
Join Date: Oct 2006
Location: Far East
Posts: 12
Likes: 0
Received 0 Likes
on
0 Posts
Yesterday the V Australia mins were updated officially for internal applicants.
Senior FO- Min 1000 hrs VB aircraft
Cruise FO- Less than the above.
It was also announced that 12 Cruise FO's would be needed. Considering that there are at least 50 VB 737 FOs with less than 1000 hrs on VB aircraft, it would be interesting to see who takes the CRFO slots. Especially when you consider that you can earn as much on RO-RO.
The worse part is waiting to hear of your fate.
Senior FO- Min 1000 hrs VB aircraft
Cruise FO- Less than the above.
It was also announced that 12 Cruise FO's would be needed. Considering that there are at least 50 VB 737 FOs with less than 1000 hrs on VB aircraft, it would be interesting to see who takes the CRFO slots. Especially when you consider that you can earn as much on RO-RO.
The worse part is waiting to hear of your fate.
Join Date: Sep 2005
Location: back of the SBUS
Posts: 33
Likes: 0
Received 0 Likes
on
0 Posts
Whirlyman, yep i hear you. It's like waiting outside the principals office all over again. Seems funny that just over a year ago i was again waiting anxiously to find out if i was sucessful in getting the job...
Being at the end of the credit rope after years in GA, I opted for the salary sacrifice for the endorsement. I still have a few payments to go...
Whats going to happen if we get the trapdoor?? Do they expect us to pay it out ?
Being at the end of the credit rope after years in GA, I opted for the salary sacrifice for the endorsement. I still have a few payments to go...
Whats going to happen if we get the trapdoor?? Do they expect us to pay it out ?
Join Date: Jun 2004
Location: Mydadsbag
Posts: 1,113
Likes: 0
Received 0 Likes
on
0 Posts
And the AFAP are going to support the cull by fleet and not by date of joining.
The Tiger had the last of it's teeth pulled in '89. Why so many are still so loyal is beyond understanding!
bbbbbbbzzzzzzzzzzzzzzzzzzzzzzz
qf drive, a very positive post! even though you did not allude to it, if your revelation is correct then things could get very interesting with 851 pilots on the open market. how fast can they expand and reorganise jet connect?
i'd say fairly quickly.
i'd say fairly quickly.
Join Date: Oct 2006
Location: Far East
Posts: 12
Likes: 0
Received 0 Likes
on
0 Posts
nohumbug, I think I read somewhere that if we are given the trap door then the cost of the endorsement is no longer our problem. If we volunteer however, then we are expected to pay the balance.
I too was waiting just over a year ago to see if I get to drive a red jet, but unfortunately my previous employer's Chairman and BG made a deal to not take any of us for a while, thus now there are about 150 FOs ahead of me and probably in a safer position than me. I'm in the bottom 50 now and in the firing line.
It's interesting that, many have said that management have been offering deals for the last 6 months to avoid getting to this position, but as I understand it...None of those deals I (nor many others) could qualify for. I.E. E Jet command, PB command.
The honeymoon is definately over!
I too was waiting just over a year ago to see if I get to drive a red jet, but unfortunately my previous employer's Chairman and BG made a deal to not take any of us for a while, thus now there are about 150 FOs ahead of me and probably in a safer position than me. I'm in the bottom 50 now and in the firing line.
It's interesting that, many have said that management have been offering deals for the last 6 months to avoid getting to this position, but as I understand it...None of those deals I (nor many others) could qualify for. I.E. E Jet command, PB command.
The honeymoon is definately over!
$5m per week!
That'll rise once VA (sorry VB) start paying for Fuel, Airnav/Airport charges etc.... What did the VA prospectus say. 3-4 years to turn a profit?!
That'll rise once VA (sorry VB) start paying for Fuel, Airnav/Airport charges etc.... What did the VA prospectus say. 3-4 years to turn a profit?!
Last edited by KRUSTY 34; 21st Feb 2009 at 08:01.
Join Date: Oct 2000
Posts: 477
Likes: 0
Received 0 Likes
on
0 Posts
...None of those deals I (nor many others) could qualify for. I.E. E Jet command, PB command.
This forum always raises the question on unity, sticking together, team work and importantly (in this case) helping each other out. I'm still to see it...
Join Date: Nov 2005
Location: UK
Posts: 137
Likes: 0
Received 0 Likes
on
0 Posts
Betsy,
Not really so much at all - as a percentage of last years's (06/2008) income, it only represents (5m*52)/2.134 bn = 12 %.
Most airlines would be experiencing at least this order of reduction in trading income - QF would have to be experiencing similar results.
VB's problem is the lack of long term cash and debt facilities. That's what will undo it.
VA can only make things worse for the Virgin Blue group.
Not really so much at all - as a percentage of last years's (06/2008) income, it only represents (5m*52)/2.134 bn = 12 %.
Most airlines would be experiencing at least this order of reduction in trading income - QF would have to be experiencing similar results.
VB's problem is the lack of long term cash and debt facilities. That's what will undo it.
VA can only make things worse for the Virgin Blue group.
Join Date: Feb 2003
Location: Melbourne
Posts: 53
Likes: 0
Received 0 Likes
on
0 Posts
QF Drive,
It would seem to me that it is financial suicide to have an international start up continue if you are bleeding $5m per week. Whilst theose in the BNE Ivory tower often make silly decisions i cannot see such a one, that will cause the unemployment of 5500 people, being made.
I am sure that if they were in such a dire situation the ASX would have to have been notified some time ago.
Being blunt i think your informant is either full of s@%t or the information you are relaying is grossly inaccurate. Just my humble opinion.
Ratter
It would seem to me that it is financial suicide to have an international start up continue if you are bleeding $5m per week. Whilst theose in the BNE Ivory tower often make silly decisions i cannot see such a one, that will cause the unemployment of 5500 people, being made.
I am sure that if they were in such a dire situation the ASX would have to have been notified some time ago.
Being blunt i think your informant is either full of s@%t or the information you are relaying is grossly inaccurate. Just my humble opinion.
Ratter
QF - 5mil/wk still gives it 2+ yrs.
As for the AFAP supporting fleet not LOFO, well I seem to recall all you guys spouting on about management talking rubbish and they were only out to lower TC's. Cuts were alluded to in several memo's, was excess leave taken? I heard very little was and not much else to help was done.
As for the AFAP supporting fleet not LOFO, well I seem to recall all you guys spouting on about management talking rubbish and they were only out to lower TC's. Cuts were alluded to in several memo's, was excess leave taken? I heard very little was and not much else to help was done.
Join Date: Aug 2001
Location: hotel rooms
Posts: 68
Likes: 0
Received 0 Likes
on
0 Posts
I have never seen management types take double digit pay cuts, let alone 20% to 30%.
It doesn't really matter what angle your looking from, I'm sure all would agree that they must be in deep cow confetti.
It doesn't really matter what angle your looking from, I'm sure all would agree that they must be in deep cow confetti.
Join Date: Jul 2002
Location: Sydney
Posts: 209
Likes: 0
Received 0 Likes
on
0 Posts
Cunningham,
How is this for an angle,
VB managment spread doom and gloom to its staff, Flight Attendants EBA to be voted shortly, more EMB's to come and too many 737 FO's (get them crewed), last few B777 that cannot be crewed (crap deal) shift 737 FO's to VA, and finaly shift 5 B737 to PB and there you have it (PB DEC's or the door), aircraft crewed at lower pay and conditions. Management have always portrayed a bumb facade, but they are very sneaky and very cunning at times, and know how to manipulate a situation.
Ask crewing at VB, they reckon they need these 65 pilots and more 737 captains. They are still calling out pilots on their leave and days off. Something does not add up here!
Managment taking a pay cut, its still easy to live of $1M instead of $1.3M!
The lads at VB are taking this hook line and sinker!
Or maybe QF is right, the place may be gone in 6 months, time to keep the ear to the ground.
How is this for an angle,
VB managment spread doom and gloom to its staff, Flight Attendants EBA to be voted shortly, more EMB's to come and too many 737 FO's (get them crewed), last few B777 that cannot be crewed (crap deal) shift 737 FO's to VA, and finaly shift 5 B737 to PB and there you have it (PB DEC's or the door), aircraft crewed at lower pay and conditions. Management have always portrayed a bumb facade, but they are very sneaky and very cunning at times, and know how to manipulate a situation.
Ask crewing at VB, they reckon they need these 65 pilots and more 737 captains. They are still calling out pilots on their leave and days off. Something does not add up here!
Managment taking a pay cut, its still easy to live of $1M instead of $1.3M!
The lads at VB are taking this hook line and sinker!
Or maybe QF is right, the place may be gone in 6 months, time to keep the ear to the ground.