"Qantas to cut flights and jobs"
Join Date: Oct 2007
Location: gold coast QLD australia
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Stubby Jumbo, if you look at the records, QF like lemmings over a cliff, go thru this mad crazy sacking people, especially people who are experienced every couple of years. THEN they rehire people who know bugger all. This is a ongoing problem, that has been going on for the last 12 years or so. Why????? who knows. Qantas really flies in spite of itself, due to its amazing, weary, frustrated, long suffering staff. And then they sack them. They need to send a army of psychologists into this mob to find out what makes them tick and why they do what they do.
Join Date: Oct 2006
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Spot on Teresa.
In years to come -some Organisational Psychology -PHD student will write a thesis on the culture of this joint and it will become a best seller in:
HOW NOT TO MANAGE A WORKFORCE OF SAFETY AND CUSTOMER SERVICE PROFESSIONALS or
7 HABITS OF HIGHLY IN-EFFECTIVE MANAGERS AT QANTAS
One only has to gaze east across the pond to see what a CEO with some nous and business /people skills can do with an airline.
Time is running out though.......the "good will" tank is running on empty
In years to come -some Organisational Psychology -PHD student will write a thesis on the culture of this joint and it will become a best seller in:
HOW NOT TO MANAGE A WORKFORCE OF SAFETY AND CUSTOMER SERVICE PROFESSIONALS or
7 HABITS OF HIGHLY IN-EFFECTIVE MANAGERS AT QANTAS
One only has to gaze east across the pond to see what a CEO with some nous and business /people skills can do with an airline.
Time is running out though.......the "good will" tank is running on empty
One only has to gaze east across the pond to see what a CEO with some nous and business /people skills can do with an airline.
Teresa Green:
I thought you understood.......
When an inexperienced manager asks an experienced person to do the impossible, and the experienced person refuses and explains why the course of action is stupid, the inexperienced manager feels both threatened and thwarted.
The obvious solution is to sack the experienced person and hire an inexperienced worker who does not know enough to object when asked to do the impossible.
Happens all the time.
I was once hired into a $140,000 Group General Managers job in an IT company specifically because I had NO I.T. experience!
The Board of the company didn't want to hire someone "contaminated" by exposure to traditional ways of doing things in that industry, they wanted to try something new that professionals had told them wouldn't ever work.
I spent Eighteen months proving that the professionals were right and the Board was wrong before I realised my mistake and left....
Stubby Jumbo, if you look at the records, QF like lemmings over a cliff, go thru this mad crazy sacking people, especially people who are experienced every couple of years. THEN they rehire people who know bugger all. This is a ongoing problem, that has been going on for the last 12 years or so. Why????? who knows. Qantas really flies in spite of itself, due to its amazing, weary, frustrated, long suffering staff. And then they sack them. They need to send a army of psychologists into this mob to find out what makes them tick and why they do what they do
When an inexperienced manager asks an experienced person to do the impossible, and the experienced person refuses and explains why the course of action is stupid, the inexperienced manager feels both threatened and thwarted.
The obvious solution is to sack the experienced person and hire an inexperienced worker who does not know enough to object when asked to do the impossible.
Happens all the time.
I was once hired into a $140,000 Group General Managers job in an IT company specifically because I had NO I.T. experience!
The Board of the company didn't want to hire someone "contaminated" by exposure to traditional ways of doing things in that industry, they wanted to try something new that professionals had told them wouldn't ever work.
I spent Eighteen months proving that the professionals were right and the Board was wrong before I realised my mistake and left....
This must be part of Joyces plan. The leisure market it faltering and has huge over capacity. The buisness market is slowly returning and at the moment Qantas has a virtual monopoly. In other words qantas domestic is doing quite well at the moment (well actually it always does) and Jetstar is losing money. What do they do? Reduce qantas domestic growth and keep on expanding Jetstar! huh! 
The contempt that senior management has for Qantas employees is astounding, actually its only matched my the employees contempt for the senior management.
The contempt that senior management has for Qantas employees is astounding, actually its only matched my the employees contempt for the senior management.
Join Date: Apr 2008
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Management is the problem
Management is the real problem and that includes oversight of management by the QF Board. Alphaload is correct in focusing on the financial health of QF. He is what Roger Montgomery of Montgomery Investment Management said in an ABC interview on Wednesday:
"BRONWYN HERBERT: Roger Montgomery is the managing director of Montgomery Investment Management.
He questions Qantas' financial health.
ROGER MONTGOMERY: Well the company has increased the amount of equity that it's had employed.
So in other words it's gone to its shareholders and asked them for additional money and about $2.5 billion over the last 10 years.
They've also gone to the banks and they've asked for another three - almost $3 billion or $2.5 billion again in debt.
Now this is in addition to the money that they already had and the debt that they already had.
So they've massively increased - they've almost doubled the debt that they had. They've almost doubled the amount of money that's been contributed to the company by shareholders.
Despite that there's a very small increase in profit over the last 10 years and the recent announcement, or today's announcement, makes things even worse.
BRONWYN HERBERT: Does that raise the question that they would then seek out more funds from potential investors?
ROGER MONTGOMERY: If they keep going the way they've been going - with the amount of planes that they've got, the amount of staff that they've got, the routes that they've got and the prices that they've got - then yes they'll have to keep increasing the amount of money that's contributed to the business.
So it's very altruistic shareholders and lenders to keep this business afloat.
BRONWYN HERBERT: Qantas' boss Alan Joyce says it's still too early to estimate the total impact of all of these significant events on financial year results."
Safe Flying
"BRONWYN HERBERT: Roger Montgomery is the managing director of Montgomery Investment Management.
He questions Qantas' financial health.
ROGER MONTGOMERY: Well the company has increased the amount of equity that it's had employed.
So in other words it's gone to its shareholders and asked them for additional money and about $2.5 billion over the last 10 years.
They've also gone to the banks and they've asked for another three - almost $3 billion or $2.5 billion again in debt.
Now this is in addition to the money that they already had and the debt that they already had.
So they've massively increased - they've almost doubled the debt that they had. They've almost doubled the amount of money that's been contributed to the company by shareholders.
Despite that there's a very small increase in profit over the last 10 years and the recent announcement, or today's announcement, makes things even worse.
BRONWYN HERBERT: Does that raise the question that they would then seek out more funds from potential investors?
ROGER MONTGOMERY: If they keep going the way they've been going - with the amount of planes that they've got, the amount of staff that they've got, the routes that they've got and the prices that they've got - then yes they'll have to keep increasing the amount of money that's contributed to the business.
So it's very altruistic shareholders and lenders to keep this business afloat.
BRONWYN HERBERT: Qantas' boss Alan Joyce says it's still too early to estimate the total impact of all of these significant events on financial year results."
Safe Flying
Nunc est bibendum
In other words qantas domestic is doing quite well at the moment (well actually it always does) and Jetstar is losing money.
Join Date: Jul 2008
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Anyone got any references or hard data JQ is currently loss making?
AirNZ and Virgin are pretty open about it. Reg's recent memo to staff all but eliminating discretionary spending hints at it, pax loads aren't flash, and minor capacity reductions to Japan and Christchurch but thats about it.
AirNZ and Virgin are pretty open about it. Reg's recent memo to staff all but eliminating discretionary spending hints at it, pax loads aren't flash, and minor capacity reductions to Japan and Christchurch but thats about it.
Join Date: Apr 2008
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warren9, here's the way QAN_Shareholder thinks about these things:
QAN_Shareholder 15 Feb, 2011.
I suspect there are only a handful of executives at Qantas who actually know the true P&L for subsidiaries.
T-Vasis, I wouldn't put much weight on auditing for ensuring the accuracy of transactions between Qantas and Jetstar. I worked as an auditor for a spell and internal transactions are way down the priority list, there is very little risk to the auditor from internal transactions being mis-stated.
However, I agree the argument that JQ is being subsidised as part of some plot to undermine QF is rather unpersuasive. The more prosaic explanation is more likely that parts of QF are uncompetitive and management are justifiably unwilling to continue to pour more cash into parts of the business that can't make a return on capital.
However, I agree the argument that JQ is being subsidised as part of some plot to undermine QF is rather unpersuasive. The more prosaic explanation is more likely that parts of QF are uncompetitive and management are justifiably unwilling to continue to pour more cash into parts of the business that can't make a return on capital.
I suspect there are only a handful of executives at Qantas who actually know the true P&L for subsidiaries.
Qantas to sell ageing Boeing737s
short flights long nights
20 million dollars for a 20 year old clapped out 737?? Somehow I dont think so.
20 million for all 21 of them I'd say
Then AJ will get a 30 million dollar bonus for his good work
Then AJ will get a 30 million dollar bonus for his good work
Maybe the 20 will be needed to pay some of the redundancies for the senior management ? Say 15 for redundancies less the 30 bonus for AJ is -25. Might have to reverse the decision to get rid of management and get rid of the low level (read lower paid) employees instead
Has anyone heard if anyone has been given their marching orders yet?
Large Transport Jet for sale - Add your Aircraft listings here.
Quick search and I reckon QF's 734's are worth maybe $3-6m each. Where this $20m comes from I have no idea...
Quick search and I reckon QF's 734's are worth maybe $3-6m each. Where this $20m comes from I have no idea...
Join Date: May 2004
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The article did say "up to $20M", maybe there's one example that has only been flown to church on Sundays by a little old lady.
I'd give the airframe a miss that decided the right main gear wasn't strictly needed for an arrival into YSSY one dark wet night a few years back...
I'd give the airframe a miss that decided the right main gear wasn't strictly needed for an arrival into YSSY one dark wet night a few years back...
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734 x 21 = 252J / 2772Y
738 x 14 = 168J / 2184Y
With the replacement of the old 400s, to the new 800s there will be less business class for the Q club boys and also a reduction in the potential frequency and capacity between ports. They will also have a huge gap between their little Q400s (74y) to the 738s (156y+12J). Would they fill in the gap to replace the thinner routes like the E190 is to Virgin?
The more important question is, what will happen to the 70odd 734 pilots that is in excess due to the reduction of the aircraft numbers?
738 x 14 = 168J / 2184Y
With the replacement of the old 400s, to the new 800s there will be less business class for the Q club boys and also a reduction in the potential frequency and capacity between ports. They will also have a huge gap between their little Q400s (74y) to the 738s (156y+12J). Would they fill in the gap to replace the thinner routes like the E190 is to Virgin?
The more important question is, what will happen to the 70odd 734 pilots that is in excess due to the reduction of the aircraft numbers?
The more important question is, what will happen to the 70odd 734 pilots that is in excess due to the reduction of the aircraft numbers?
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That's easy..... more surplus longhaul pilots get 'parked' in the short haul award, as training on the 737 continues, and 737 hours plummet even further as Onestar poaches more flying and all our Trans-tasman flying goes to Jitconnict.
Sigh....
Sigh....