Memo to Lesley Grant
Join Date: Feb 2011
Location: Australia
Posts: 71
Likes: 0
Received 0 Likes
on
0 Posts
MF,
I'm not sure AJ has taken so long to act, since CEO he has cut management overhead, organised reconfiguration of long haul fleet, rescheduled 787 and 380 deliveries and coped pretty well with GFC and A380 incident.
I think Dixon made errors, investing heavily in long haul fleet at peak of cycle, too few seats on A380s (or perhaps Borghetti's decision?), splitting QF into divisions amongst others. But I can't really point to much that AJ has got wrong. I only get to vote for the board and I have my reservations about a few of them but If I did get a vote on the CEO it would be favourable.
I'm not sure AJ has taken so long to act, since CEO he has cut management overhead, organised reconfiguration of long haul fleet, rescheduled 787 and 380 deliveries and coped pretty well with GFC and A380 incident.
I think Dixon made errors, investing heavily in long haul fleet at peak of cycle, too few seats on A380s (or perhaps Borghetti's decision?), splitting QF into divisions amongst others. But I can't really point to much that AJ has got wrong. I only get to vote for the board and I have my reservations about a few of them but If I did get a vote on the CEO it would be favourable.
Join Date: Nov 2004
Location: on skybeds
Age: 43
Posts: 194
Likes: 0
Received 0 Likes
on
0 Posts
Memo to Lesley
Bonuses have already been passed at the last AGM.
listen to the coal face who repeatetly told you to get one international product (PC/JC/WC/YC and one domestic (JC/YC) product. currently it's a dog's breakfast accross the fleet.
Get 777 and save another 700 million in fuel costs.
get more destination in Europa/Asia and there is more /increased choice for customers.
Review finished. memo send to Board.
Board meeting that's another story altogether.
Must and is the most incompetent Board in the country!!!
listen to the coal face who repeatetly told you to get one international product (PC/JC/WC/YC and one domestic (JC/YC) product. currently it's a dog's breakfast accross the fleet.
Get 777 and save another 700 million in fuel costs.
get more destination in Europa/Asia and there is more /increased choice for customers.
Review finished. memo send to Board.
Board meeting that's another story altogether.
Must and is the most incompetent Board in the country!!!
Join Date: Oct 2004
Location: Dununda
Posts: 476
Likes: 0
Received 0 Likes
on
0 Posts
There are none so Blind
Mr.. QAN Shareholder you have been here for a minute.So far you have shown yourself to be a poor mathematician and a poor judge of character.
The figures do not lie.Break even point for a LCC is a 75% load factor.Further LCC very existence are predicated on oil prices of around $US80/barrel.With current prices somewhat higher Jetstar is obviously being aided by Mainline's hedging arrangements.
As has been said Jetstar was established to drive down mainline wages and conditions.Qantas pilots have drawn a line
The figures do not lie.Break even point for a LCC is a 75% load factor.Further LCC very existence are predicated on oil prices of around $US80/barrel.With current prices somewhat higher Jetstar is obviously being aided by Mainline's hedging arrangements.
As has been said Jetstar was established to drive down mainline wages and conditions.Qantas pilots have drawn a line
Last edited by surfside6; 2nd Mar 2011 at 06:22.
Join Date: Apr 2005
Location: Far, Far Away...
Posts: 8
Likes: 0
Received 0 Likes
on
0 Posts
I smell a company man on this site! Mr QAN shareholder - perhaps you have only had your shares as long as you have been a member of this forum and that is why you are satisfied with AJs performance. If you have had your shares for longer than this I am sure you would be calling for his head.
Join Date: Feb 2011
Location: Australia
Posts: 71
Likes: 0
Received 0 Likes
on
0 Posts
Surfside,
Jetstar domestic ytd load factor is 80.5% and haven't calculated average for WTI oil price but from looking at a graph it was probably around $83. So breakeven at 75% load factor and oil around $80 on your metrics it implies Jetstar domestic was profitable in first half results.
I hadn't heard the fuel hedging argument before, from the figures they report I think it is impossible to prove or disprove, is this just a suspicion or do you have any evidence? I am open minded on this stuff, some interesting points get raised on these threads but would prefer if we can skip the name calling.
Jetstar domestic ytd load factor is 80.5% and haven't calculated average for WTI oil price but from looking at a graph it was probably around $83. So breakeven at 75% load factor and oil around $80 on your metrics it implies Jetstar domestic was profitable in first half results.
I hadn't heard the fuel hedging argument before, from the figures they report I think it is impossible to prove or disprove, is this just a suspicion or do you have any evidence? I am open minded on this stuff, some interesting points get raised on these threads but would prefer if we can skip the name calling.
Join Date: Nov 2004
Location: on skybeds
Age: 43
Posts: 194
Likes: 0
Received 0 Likes
on
0 Posts
QF Shareholder
J* always will be profitable. It,s called creative accounting. evidence is hard to come by as all the numbers and subsidies are done by treasury(who pays what and what for). Certanly any details we wouldn't put on this website. 
Join Date: Oct 2004
Location: Dununda
Posts: 476
Likes: 0
Received 0 Likes
on
0 Posts
QAN Shareholder
How many shares do you possess ?
Are yoy happy with the decline in the share price ?
Are you happy with the lack of dividend ?
You were not called names.Your abilities however were called into question.
Qantas mainline has been and continues to be poorly managed.
Jetstar is a corporate parasite.Nothing more.
Are yoy happy with the decline in the share price ?
Are you happy with the lack of dividend ?
You were not called names.Your abilities however were called into question.
Qantas mainline has been and continues to be poorly managed.
Jetstar is a corporate parasite.Nothing more.
Join Date: Aug 2007
Location: sydney
Posts: 64
Likes: 0
Received 0 Likes
on
0 Posts
Hey QAN shareholder,
Frankly your opinion on AJ and his performance counts for very little. You see for every person who thinks AJ is great you will find a person who thinks otherwise.
Pretty subjective nonsense at the end of the day. So dont bother with that spin it just won't wash.
I see Jetstar produced revenue some one fifth of Qantas Mainline. Question for you oh wise one. What was the OPERATING cost of the Jetstar unit in this reporting period? According to Joyce and his creative accountants little to non existant.
Wake up my man.
Frankly your opinion on AJ and his performance counts for very little. You see for every person who thinks AJ is great you will find a person who thinks otherwise.
Pretty subjective nonsense at the end of the day. So dont bother with that spin it just won't wash.
I see Jetstar produced revenue some one fifth of Qantas Mainline. Question for you oh wise one. What was the OPERATING cost of the Jetstar unit in this reporting period? According to Joyce and his creative accountants little to non existant.
Wake up my man.
Join Date: Oct 2005
Location: Fliegensville, Gold Coast Australia
Posts: 37
Likes: 0
Received 1 Like
on
1 Post
QAN....
"I hadn't heard the fuel hedging argument before"
Exactly how new to this are you???
, perhaps you also have not heard of how to make a small fortune in the Airline game??......start with a big fortune...
"I hadn't heard the fuel hedging argument before"
Exactly how new to this are you???
, perhaps you also have not heard of how to make a small fortune in the Airline game??......start with a big fortune...
Join Date: Feb 2011
Location: Australia
Posts: 71
Likes: 0
Received 0 Likes
on
0 Posts
You actually can determine J* fuel costs per ASK from the information they report. On my rough figures they are between Tiger and Virgin, being a bit closer to Tiger than Virgin. This feels about right given lower seat density than Tiger and some A330s but higher seat density than Virgin and no routes as long as US. So fuel hedging cross subsidies sounds like a myth to me but if someone can show otherwise then I'm happy to be proved wrong.
Regarding AJ, I see post after post accusing incompetence, and I'm curious as to whether there is anything substantive to it. The share price since AJ has been CEO has been driven by GFC, A380 issues and more recently oil price, I don't think AJ can reasonably be held responsible for any of them.
Regarding AJ, I see post after post accusing incompetence, and I'm curious as to whether there is anything substantive to it. The share price since AJ has been CEO has been driven by GFC, A380 issues and more recently oil price, I don't think AJ can reasonably be held responsible for any of them.
Join Date: May 2009
Location: 5th Dimension
Posts: 121
Likes: 0
Received 0 Likes
on
0 Posts
QAN Shareholder Dude
You sure ask a lot of questions but dont answer many.
You make a lot of assertions that are supported by little fact ... just your rough figures.Wherever they might come from.Although I could hazard a guess as to their origin
As far as fuel costs per ASK are concerned they are irrelevant.
Its who foots the bill thats important.Gee,by my rough figures that would have to be Qantas mainline.
Ask the CEO of JetConnect who pays his fuel bills.
His answer would be most enlightening for you.
As far as AJ is concerned ...what has he done in his tenure?
Nothing that hasnt been done before.Joyce just reads from Dixons old script notes.The guy is an out of his depth number cruncher.It takes more than that to run an airline.
Putting Grant in charge of a think tank task force is like putting Berlesconi in charge of a brothel.Like him she is bound to phuck it up
You make a lot of assertions that are supported by little fact ... just your rough figures.Wherever they might come from.Although I could hazard a guess as to their origin
As far as fuel costs per ASK are concerned they are irrelevant.
Its who foots the bill thats important.Gee,by my rough figures that would have to be Qantas mainline.
Ask the CEO of JetConnect who pays his fuel bills.
His answer would be most enlightening for you.
As far as AJ is concerned ...what has he done in his tenure?
Nothing that hasnt been done before.Joyce just reads from Dixons old script notes.The guy is an out of his depth number cruncher.It takes more than that to run an airline.
Putting Grant in charge of a think tank task force is like putting Berlesconi in charge of a brothel.Like him she is bound to phuck it up
Join Date: Feb 2011
Location: Australia
Posts: 71
Likes: 0
Received 0 Likes
on
0 Posts
So fuel costs: results presentation for Qantas gives figure for J* CASK ex fuel of 4.9c. J* ASKs are reported monthly, J* revenue and EBIT was reported in half year results so you can calculate total CASK and hence you get fuel cost per ASK. Tiger report CASK including and excluding fuel on a quarterly basis in S$. Virgin report fuel cost and also ASKs. So seems everything you need to calculate. I did a bit of rounding of numbers hence why rough calculations. But maybe I got it wrong.
Join Date: Jul 2008
Location: Beyond The Envelope
Posts: 220
Likes: 0
Received 0 Likes
on
0 Posts
But Maybe I got it Wrong
Gee.You Think
Qantas pays for almost all of Jestar's computer time,engineering, fuel,reservation system,landing charges.Its called cost apportioning.Google it.If David Cooperfield wasnt an illusionist he would the CEO of JestStar
Qantas pays for almost all of Jestar's computer time,engineering, fuel,reservation system,landing charges.Its called cost apportioning.Google it.If David Cooperfield wasnt an illusionist he would the CEO of JestStar
QAN Shareholder is an obvious management plant, read his posting history.
Any division of Qantas can be made "profitable" or loss making by simple internal cost allocations. I know. I've done it in another airline some time ago.
Furthermore, over the last Ten years QF Management and its Board have proved themselves to be extremely economical with the truth time and again.
What is quite obvious is that Qantas is playing to a "script". That script involves a plucky, young, cost conscious Jetstar and the heroic actions of the Qantas Board and Senior Management saving the Qantas Group by wresting its future from the dead hands of the dinosaur like workers who live in Mainline and International.
The trouble with companies who script things is that reality intrudes at some stage and destroys the business. Just ask the shareholders of ABC Learning, Opes Prime and Lehman brothers.
Fuel prices have the capacity to destroy cheap fares permanently, then the LCC model will look pretty dumb. Watch Ryanair.
Any division of Qantas can be made "profitable" or loss making by simple internal cost allocations. I know. I've done it in another airline some time ago.
Furthermore, over the last Ten years QF Management and its Board have proved themselves to be extremely economical with the truth time and again.
What is quite obvious is that Qantas is playing to a "script". That script involves a plucky, young, cost conscious Jetstar and the heroic actions of the Qantas Board and Senior Management saving the Qantas Group by wresting its future from the dead hands of the dinosaur like workers who live in Mainline and International.
The trouble with companies who script things is that reality intrudes at some stage and destroys the business. Just ask the shareholders of ABC Learning, Opes Prime and Lehman brothers.
Fuel prices have the capacity to destroy cheap fares permanently, then the LCC model will look pretty dumb. Watch Ryanair.
Join Date: Jul 2010
Location: Melbourne
Age: 54
Posts: 113
Likes: 0
Received 0 Likes
on
0 Posts
Record interim profit for Qantas
Qantas Airways put its A380 problems behind it when it announced a profit of A$241 million (US$242.86 million) for the six months to December 31.
The result compared with a $58 million profit a year earlier. Revenue rose 10% to A$7.6 billion while costs declined by A$173 million.
Source: March Edition of Orient Aviation
Qantas Airways put its A380 problems behind it when it announced a profit of A$241 million (US$242.86 million) for the six months to December 31.
The result compared with a $58 million profit a year earlier. Revenue rose 10% to A$7.6 billion while costs declined by A$173 million.
Source: March Edition of Orient Aviation
Join Date: Jul 2010
Location: Melbourne
Age: 54
Posts: 113
Likes: 0
Received 0 Likes
on
0 Posts
As the man from JP’s in London said GM.
'Qantas International remains the stand-out for and we continue to believe this will be the key driver of earnings growth in FY11.
Qantas' January operating stats show the strong recovery in International.'
Qantas' January operating stats show the strong recovery in International.'
Join Date: Feb 2011
Location: Australia
Posts: 71
Likes: 0
Received 0 Likes
on
0 Posts
'an obvious management plant', actually no, on occasion I do get the opportunity to put questions to management hence my interest.
As for being economical with the truth try the post 'Record interim profit for Qantas'. I believe Interim profits for the group were higher in 2003, 2004, 2005, 2006, 2007, 2008. I haven't checked before 2003 but suspect it was the case going back quite a few more years.
As for being economical with the truth try the post 'Record interim profit for Qantas'. I believe Interim profits for the group were higher in 2003, 2004, 2005, 2006, 2007, 2008. I haven't checked before 2003 but suspect it was the case going back quite a few more years.
Join Date: Nov 1999
Location: australia
Posts: 278
Likes: 0
Received 0 Likes
on
0 Posts
To be perfectly honest, I'm not particularly stressed by QAN Shareholder's comments. He is as blind as he is stupid. He reminds me of a certain middle eastern dictator and an Australian Prime Minister having the same problem with reality (I know that one is going to be howled down by all of the PC Labor politicians on this website!
).
But I don't think he is a management stooge. I reckon he is an anti QF troll (ironic, isn't it?) who is on pprune simply to wind others up. He is best ignored.
).But I don't think he is a management stooge. I reckon he is an anti QF troll (ironic, isn't it?) who is on pprune simply to wind others up. He is best ignored.