Merged: QF 2008/2009 profit after tax $123 million
An interesting article in the Fin Review on Tuesday Aug 18th, relating to Tiger Air and their IT. I liked this from their Head of IT and Infrastructure:
“Customers will still fly with us if we’re cheaper than the competition, get them there on time and provide a safe flight that doesn’t lose their bags”
Now why wouldn’t Joyce and his management team have a strategy that states:
Customers will still fly with us if we are competitive on pricing,
Can match the best IFE systems used by <enter airline name here, e.g. SQ >
Have meals of a standard equivalent to <enter airline name here >
Have service that is professional both at the airports and in the air that is the best by Australians, for Australians and as good as <enter airline name here >
Has equipment like <enter aircraft type here> that are modern and well maintained by Australians and
Get them there on time and provide a safe flight that never loses their bags.
Perhaps the profit may have been even more taking into account, payout to GD, fines, fighting the gingerbeers, etc. But I guess my first line sums it up (Joyce and his management team have a strategy) they don't have any.
“Customers will still fly with us if we’re cheaper than the competition, get them there on time and provide a safe flight that doesn’t lose their bags”
Now why wouldn’t Joyce and his management team have a strategy that states:
Customers will still fly with us if we are competitive on pricing,
Can match the best IFE systems used by <enter airline name here, e.g. SQ >
Have meals of a standard equivalent to <enter airline name here >
Have service that is professional both at the airports and in the air that is the best by Australians, for Australians and as good as <enter airline name here >
Has equipment like <enter aircraft type here> that are modern and well maintained by Australians and
Get them there on time and provide a safe flight that never loses their bags.
Perhaps the profit may have been even more taking into account, payout to GD, fines, fighting the gingerbeers, etc. But I guess my first line sums it up (Joyce and his management team have a strategy) they don't have any.
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Joyce and his management team have a strategy) they don't have any
Slash and burn.........
While everybody seems to be a revenue boffin and solving QF's problems about keeping fares down, maybe somebody with access to the staff travel website can enlighten me and point out how empty the front end is?
From my end of the world, that is what has traditionally made the money for the airline(10% of the seats 35% of the revenue). If you only sell economy you need to have a cost structure equivalent to the LCC.
QF cannot support economy only aircraft! What is happening now is a shift away from business excess to leaner travel budgets from the big accounts.
From my end of the world, that is what has traditionally made the money for the airline(10% of the seats 35% of the revenue). If you only sell economy you need to have a cost structure equivalent to the LCC.
QF cannot support economy only aircraft! What is happening now is a shift away from business excess to leaner travel budgets from the big accounts.
short flights long nights
Now this is interesting....BBC World is, as I write this, having a discussion on how Qantas is becoming a LCC, but still with some of the legacy airline costs...interesting times....
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I can see it now.
Theme music starts playing,
Joyce in a silver leotard with an orange star roughly sewn (most likely because it was outsourced to the lowest non-union bidder)onto the chest area along with orange underpants pulled up tight on the outside
jumping out at the next share holders conference boldly stating (in as manly a falsetto voice as only he can muster)
"NEVER FEAR,JETSTAR IS HERE ,TO SAVE THE DAY ,
ONWARDS AND DOWNWARDS!"
Theme music starts playing,
Joyce in a silver leotard with an orange star roughly sewn (most likely because it was outsourced to the lowest non-union bidder)onto the chest area along with orange underpants pulled up tight on the outside
jumping out at the next share holders conference boldly stating (in as manly a falsetto voice as only he can muster)
"NEVER FEAR,JETSTAR IS HERE ,TO SAVE THE DAY ,
ONWARDS AND DOWNWARDS!"
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...'just saw Heckle and Jeckle on the news at the press conference today (who is the punce with the beard next to the Leprichaun??)
Someone should slip him a happy pill next time he is trotted out as a QF spokesperson.
Anyway , a lot has already been written about how "disappointing" the result was....blah blah blah.
Oh and yes we are going into a Q-Future program. Whhhhooooooppppeeeeee
WHAT ........ A COST CUTTING PROGRAM ???
Are we meant to be surprised at this revelation. For Forks sake we have had SUSTAINABLE FUTURE for the last 10 years -slashing burning, chopping and grinding . Then some genius comes up with the idea-
"I know -lets call it Q-Future.......and continue with the cutbacks"
Are you kidding me. $500m of more savings...... this year alone. Where the hell are these meant to come from. Next we'll be charging the punters for Toilet Paper.
Its the same old Chicken Little routine that GD perfected rebadged and rolled out with an Irish accent.
I too am appalled at the reference to the ALAEA in todays announcement. As if its their fault for the $150m write off.
Well AJ -the Honey Moon is officially over buddy.
You scored a BIG ZERO today.
You are now going to need more than "the luck of the Irish" .....to pull you out of this peat-bog.
Someone should slip him a happy pill next time he is trotted out as a QF spokesperson.
Anyway , a lot has already been written about how "disappointing" the result was....blah blah blah.
Oh and yes we are going into a Q-Future program. Whhhhooooooppppeeeeee
WHAT ........ A COST CUTTING PROGRAM ???
Are we meant to be surprised at this revelation. For Forks sake we have had SUSTAINABLE FUTURE for the last 10 years -slashing burning, chopping and grinding . Then some genius comes up with the idea-
"I know -lets call it Q-Future.......and continue with the cutbacks"
Are you kidding me. $500m of more savings...... this year alone. Where the hell are these meant to come from. Next we'll be charging the punters for Toilet Paper.
Its the same old Chicken Little routine that GD perfected rebadged and rolled out with an Irish accent.
I too am appalled at the reference to the ALAEA in todays announcement. As if its their fault for the $150m write off.
Well AJ -the Honey Moon is officially over buddy.
You scored a BIG ZERO today.
You are now going to need more than "the luck of the Irish" .....to pull you out of this peat-bog.
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This morning it's reported that Mini Darth believes that within 18 months one of the airlines servicing the Australia/US will fold.....
Also this morning the J* CEO is now using the Bunnings guarantee ....
If you get a cheaper price elsewhere we'll beat it by 10%....
As well as admitting that Avalon is not the preferred airport for Melbourne and is offering $19 fares Syd/Mel....
By the way did anyone else think that Mini Darth looked more than a little nervous....
Also this morning the J* CEO is now using the Bunnings guarantee ....
If you get a cheaper price elsewhere we'll beat it by 10%....
As well as admitting that Avalon is not the preferred airport for Melbourne and is offering $19 fares Syd/Mel....
By the way did anyone else think that Mini Darth looked more than a little nervous....
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Ah, but they dont beat it by 10%, you see.
You are forced to book with Jetstar again in the future to redeem the voucher you are given. No such thing as refunds at Jetstar. Always a voucher for next time.
Very cunning.
You are forced to book with Jetstar again in the future to redeem the voucher you are given. No such thing as refunds at Jetstar. Always a voucher for next time.
Very cunning.
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Stay on message...spin your way through it and most will gobble it up...
It is the same script written by the same people..The board are woefully inept, not a slice of avition industry experience amongst them..
Joyce is simply out of his depth, but hey he ran the gameplan of oldmeadow consulting to the letter at J*
The EASY way to PROVE unequivocally that J* is all they "Claim" is stand alone audited accounts...
It is the same script written by the same people..The board are woefully inept, not a slice of avition industry experience amongst them..
Joyce is simply out of his depth, but hey he ran the gameplan of oldmeadow consulting to the letter at J*
The EASY way to PROVE unequivocally that J* is all they "Claim" is stand alone audited accounts...
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QF Outsider
Your pitiful unions could never afford a forensic accountant so go sook somewhere else Jetstar is the real deal, the way of the future. Good luck to Allan and his team perhaps they'll pull the thugs and whingers into line, the thugs being the pathetic ALAEA who battered QF's bottom line by 130 million they are a disgrace, the whingers being all the others that jumped on the bandwagon of knocking the greatest airline in the world.
Your pitiful unions could never afford a forensic accountant so go sook somewhere else Jetstar is the real deal, the way of the future. Good luck to Allan and his team perhaps they'll pull the thugs and whingers into line, the thugs being the pathetic ALAEA who battered QF's bottom line by 130 million they are a disgrace, the whingers being all the others that jumped on the bandwagon of knocking the greatest airline in the world.
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Jetstar is the real deal, the way of the future
The EASY way to PROVE unequivocally that J* is all they "Claim" is stand alone audited accounts.
Ahh creative accounting
The answer to life's little problems.
Johnny V do you work for Qantas and if so is it in management? All the people i know at Qantas were 110% behind the engineers, is was the management that was the disgrace. GD mentioned to BJ when he became AIPA president that he had been given bad advise re the ground engineers. Funny that.
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You cant even start to count the hundreds of millions of dollars that have been pi$$ed into the wind over the last 5 years.....
All the big pay outs, disputes, legal fees, IT, Fines etc etc.... So the profit in that respect is a credit to all STAFF, not management, who I see as just contractors...
This "two brand" strategy is a lot of crap... To me, it means QF infrastructure with J* operations.....
Is there such a huge gap in the crewing costs of a J* A330 in comparison to a QF A330 ( actually, they all are QF 330's)?? As far as the operation goes, the associated aircraft costs should be the same..... fuel, fees, repayments etc
Catering and ground handling charges??? .. dont think so....
Im no accountant but something stinks.......
All the big pay outs, disputes, legal fees, IT, Fines etc etc.... So the profit in that respect is a credit to all STAFF, not management, who I see as just contractors...
This "two brand" strategy is a lot of crap... To me, it means QF infrastructure with J* operations.....
Is there such a huge gap in the crewing costs of a J* A330 in comparison to a QF A330 ( actually, they all are QF 330's)?? As far as the operation goes, the associated aircraft costs should be the same..... fuel, fees, repayments etc
Catering and ground handling charges??? .. dont think so....
Im no accountant but something stinks.......
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How can QF compete with VAUS on the Pacific when an entire V aircrew is paid 2/3rds of QF Captains pay (747) and a CSM on approx.$60K, with the entire crew on a very flexible work rule agreement!
I see a QF A380 in Jstar colours in the not to distant future, running side by side with a QF schedule. Correct me if I am wrong, does the Jstar EBA widebody clause encompass any widebody i.e. A380? If so, cheap labour for a big machine.
I have read the IRC transcripts of a case which had the Jstar chief pilot on the witness stand, and under oath, Jstar has 70 destinations planned.
Watch this space!
I am not happy about this at all, because it erodes our T&C's again, but I can see it happening, how else can QF compete except go for the T&C's, aircraft cost the same, fuel is fuel, airports are airports, Ah! Lets cut the pay and employ Thai nationals!
I see a QF A380 in Jstar colours in the not to distant future, running side by side with a QF schedule. Correct me if I am wrong, does the Jstar EBA widebody clause encompass any widebody i.e. A380? If so, cheap labour for a big machine.
I have read the IRC transcripts of a case which had the Jstar chief pilot on the witness stand, and under oath, Jstar has 70 destinations planned.
Watch this space!
I am not happy about this at all, because it erodes our T&C's again, but I can see it happening, how else can QF compete except go for the T&C's, aircraft cost the same, fuel is fuel, airports are airports, Ah! Lets cut the pay and employ Thai nationals!
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10,000 free Mel - Syd seats!
Looks like some changes are already being implemented . . . the paradigm shift is well under way with the introduction of Jet* to the direct MEL - SYD sector.
This was reported in the Fairfax papers today.
Price war erupts on Sydney-Melbourne route
Craig Platt
August 20, 2009
A price war has erupted on Australia's busiest air route, as Jetstar and Tiger battle for price-sensitive flyers between Sydney and Melbourne.
Jetstar today announced its first flights from Melbourne Airport to Sydney, with five services a day on the route. Previously the airline's Sydney flights used Avalon Airport. Daily flights on the route from Avalon will be reduced from seven to four.
Flights from Melbourne Airport will begin on October 25. To promote the new flights, Jetstar released 10,000 free one-way flights on its ******* feed at midnight.
Only followers of the feed were informed of promotion, with the airline issuing a statement about the promotion at 7.28am, just 17 minutes before the sale ended.
A spokesperson for the airline said more than 3000 of the 10,000 flights offered were claimed. The airline also offered $19 one-way fares this morning to its JetMail newsletter subscribers. Due to finish at 10am, the sale has been extended after a server crashed, denying users access to the Jetstar site. The sale set to resume at 2pm and continue until 4pm.
In response, Tiger Airways announced its own sale on the route with 30,000 $25 one-way fares available until August 26 for travel between October 4 and March 27.
The airline will also increase its Sydney-Melbourne flights in October from four to nine daily.
This was reported in the Fairfax papers today.
Price war erupts on Sydney-Melbourne route
Craig Platt
August 20, 2009
A price war has erupted on Australia's busiest air route, as Jetstar and Tiger battle for price-sensitive flyers between Sydney and Melbourne.
Jetstar today announced its first flights from Melbourne Airport to Sydney, with five services a day on the route. Previously the airline's Sydney flights used Avalon Airport. Daily flights on the route from Avalon will be reduced from seven to four.
Flights from Melbourne Airport will begin on October 25. To promote the new flights, Jetstar released 10,000 free one-way flights on its ******* feed at midnight.
Only followers of the feed were informed of promotion, with the airline issuing a statement about the promotion at 7.28am, just 17 minutes before the sale ended.
A spokesperson for the airline said more than 3000 of the 10,000 flights offered were claimed. The airline also offered $19 one-way fares this morning to its JetMail newsletter subscribers. Due to finish at 10am, the sale has been extended after a server crashed, denying users access to the Jetstar site. The sale set to resume at 2pm and continue until 4pm.
In response, Tiger Airways announced its own sale on the route with 30,000 $25 one-way fares available until August 26 for travel between October 4 and March 27.
The airline will also increase its Sydney-Melbourne flights in October from four to nine daily.
Last edited by Pedota; 20th Aug 2009 at 06:03. Reason: Incompetence
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Dirty,
in the words of Darrell Kerrigan "tell 'im he's dreamin"
That horse has bolted mate. There will never be group solidarity. The JQ guys have been kissed on the d1ck mate and they are going to "stick it up the QF guys". Really This is a serious question for all you mainline guys but, What can you offer Jetstar blokes?
Don't tell me increased T&C's coz that aint ever going to happen. Labour costs are the only thing that airlines have really any control over and they are certainly not going to lift the T&C's to mainline standards. Quite the opposite if you really want to keep your jobs.
You guys are like the "rabbit in the headlights". It's happening all around you.
JQ, Jitconnect and just wotif Qlink do end up with Jets down the track as they are/will always be the cheapest arm of the "full service" carrier. Don't say never because 5 yrs ago you NEVER would have believed where things are now. And BTW Qlink have signed off on a narrow-body jet clause in their EBA.
Just an outsider looking in.
in the words of Darrell Kerrigan "tell 'im he's dreamin"
That horse has bolted mate. There will never be group solidarity. The JQ guys have been kissed on the d1ck mate and they are going to "stick it up the QF guys". Really This is a serious question for all you mainline guys but, What can you offer Jetstar blokes?
Don't tell me increased T&C's coz that aint ever going to happen. Labour costs are the only thing that airlines have really any control over and they are certainly not going to lift the T&C's to mainline standards. Quite the opposite if you really want to keep your jobs.
You guys are like the "rabbit in the headlights". It's happening all around you.
JQ, Jitconnect and just wotif Qlink do end up with Jets down the track as they are/will always be the cheapest arm of the "full service" carrier. Don't say never because 5 yrs ago you NEVER would have believed where things are now. And BTW Qlink have signed off on a narrow-body jet clause in their EBA.
Just an outsider looking in.
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Normasars,
I agree with you on almost evrything you have posted except the attitude of the us and them mentality. If we all keep thinking about the us and them, a one Union policy will always be a mirage.
I know I am pushing S$%T up hill here, I can see the realities of the situation, "but touch one touch all" needs to be applied sometimes, if we all banded together to stop the big end of town playing one group against the other what do you think may be achieved? Its all about a fundamental shift in attitude and pilots as a whole respecting themselves and each other.
Do you see Doctors undercutting each other, do you see lawers undercutting each other, do you see Directors of listed companies undercutting each other. NO. So why do we, we have a massive amount of responsibility and I believe the time has come to say enough is enough. These guys go home if they F$%K up and even take a bonus, we dont!
How do we make pilots believe in themsleves on the level of a Doctor or Director? Or are we just a bunch of bumb ass glorified bus drivers?
If the Qlink guys wanted wanted QF pay and said no lower conditons, and Jstar guys said no to lower conditions and Vb guys said no to lower conditons, and everyone said no to lower conditions, and the one Union said no to lower conditions, who would fly the aircraft, Bob the builder?
I agree with you on almost evrything you have posted except the attitude of the us and them mentality. If we all keep thinking about the us and them, a one Union policy will always be a mirage.
I know I am pushing S$%T up hill here, I can see the realities of the situation, "but touch one touch all" needs to be applied sometimes, if we all banded together to stop the big end of town playing one group against the other what do you think may be achieved? Its all about a fundamental shift in attitude and pilots as a whole respecting themselves and each other.
Do you see Doctors undercutting each other, do you see lawers undercutting each other, do you see Directors of listed companies undercutting each other. NO. So why do we, we have a massive amount of responsibility and I believe the time has come to say enough is enough. These guys go home if they F$%K up and even take a bonus, we dont!
How do we make pilots believe in themsleves on the level of a Doctor or Director? Or are we just a bunch of bumb ass glorified bus drivers?
If the Qlink guys wanted wanted QF pay and said no lower conditons, and Jstar guys said no to lower conditions and Vb guys said no to lower conditons, and everyone said no to lower conditions, and the one Union said no to lower conditions, who would fly the aircraft, Bob the builder?
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Mate, I agree with you.
But, Bob the Builder wouldn't because he is too smart to get involved with this race to the bottom. He's busy making his $1000 a day.
But the JQ guys couldn't give a toss. That's the sticking point. They do not want to talk to QF because they are the "kids in a candy store " now. The future is all theirs. Mainline is farked. It will be a 2 or 3 destination carrier and the rest will be JQ/Jitconnect/Qlink. Dollars and Cents(or is that sense).
It's just amazing how quickly things change. And IMHO not for the better. But that's just my opinion
But, Bob the Builder wouldn't because he is too smart to get involved with this race to the bottom. He's busy making his $1000 a day.
But the JQ guys couldn't give a toss. That's the sticking point. They do not want to talk to QF because they are the "kids in a candy store " now. The future is all theirs. Mainline is farked. It will be a 2 or 3 destination carrier and the rest will be JQ/Jitconnect/Qlink. Dollars and Cents(or is that sense).
It's just amazing how quickly things change. And IMHO not for the better. But that's just my opinion