QF shares hit $2.00, discuss
My personal favourite line out of that is...
Now that is an understatement!
The broker's preference for investing in airline stocks has reverted to Virgin Australia because it had a ''better articulated strategy than Qantas''
How about QF wind back the clock to say 2003
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Now that is an understatement!
Oh how the mighty have fallen? And hopefully the mighty will soon fall on their sword also. Time for the mighty to take the poodles for one last walk around the block before relocating back to a colder climate?
I wonder what the CEO earned in the 10 years to then as opposed to what the CEO's have earned in the 8 and a bit years since?
Qantas Investment strategies leading the way in how to do it.............
VietNamNet - Vietnam Airlines to take Jetstar Pacific
VietNamNet - Vietnam Airlines to take Jetstar Pacific
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Solar storms, ACARS and bonuses??
Hope this doen't upset ACARS. Any delays could affect bonuses!!
Biggest solar storm since 2005 pummels Earth
AFPJanuary 24, 2012, 4:56 am
WASHINGTON (AFP) - A potent solar flare has unleashed the biggest radiation storm since 2005 and could disrupt some satellite communications in the polar regions, US space weather monitors said Monday.
The event started late Sunday with a moderate-sized solar flare that erupted right near the center of the Sun, said Doug Biesecker, a physicist with the National Oceanic and Atmospheric Administration Space Weather Prediction Center.
"The flare itself was nothing spectacular, but it sent off a very fast coronal mass ejection traveling four million miles per hour (6.4 million kilometers per hour)," he told AFP.
A rush of radiation in the form of solar protons already has begun bombarding the Earth and is likely to continue through Wednesday.
The radiation storm is the largest of its kind since 2005 but still ranks only a three on the scale of one to five, enough to be considered "strong" but not "severe," he added.
NOAA said its website the S3 ranking means "it could, e.g., cause isolated reboots of computers onboard Earth-orbiting satellites and interfere with polar radio communications."
Biesecker said that when it comes to radiation storms, the polar regions are affected most.
For instance, the storm could spell disruptions to airline flights, oil operations, Arctic exploration and space satellites.
Night-sky viewers in Asia and Europe may be able to witness the aurora, or Northern Lights, late Tuesday as a result of the storm.
"We don't expect major impacts from an event like this," Biesecker said.
"It's the people who need GPS (global positioning system) accuracy of centimeters who have to worry, not people who want to know if you're going to turn the car 30 meters (100 feet) ahead."
Biggest solar storm since 2005 pummels Earth
AFPJanuary 24, 2012, 4:56 am
WASHINGTON (AFP) - A potent solar flare has unleashed the biggest radiation storm since 2005 and could disrupt some satellite communications in the polar regions, US space weather monitors said Monday.
The event started late Sunday with a moderate-sized solar flare that erupted right near the center of the Sun, said Doug Biesecker, a physicist with the National Oceanic and Atmospheric Administration Space Weather Prediction Center.
"The flare itself was nothing spectacular, but it sent off a very fast coronal mass ejection traveling four million miles per hour (6.4 million kilometers per hour)," he told AFP.
A rush of radiation in the form of solar protons already has begun bombarding the Earth and is likely to continue through Wednesday.
The radiation storm is the largest of its kind since 2005 but still ranks only a three on the scale of one to five, enough to be considered "strong" but not "severe," he added.
NOAA said its website the S3 ranking means "it could, e.g., cause isolated reboots of computers onboard Earth-orbiting satellites and interfere with polar radio communications."
Biesecker said that when it comes to radiation storms, the polar regions are affected most.
For instance, the storm could spell disruptions to airline flights, oil operations, Arctic exploration and space satellites.
Night-sky viewers in Asia and Europe may be able to witness the aurora, or Northern Lights, late Tuesday as a result of the storm.
"We don't expect major impacts from an event like this," Biesecker said.
"It's the people who need GPS (global positioning system) accuracy of centimeters who have to worry, not people who want to know if you're going to turn the car 30 meters (100 feet) ahead."
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blade.runner
DirectAnywhere
Come on Direct, how can anyone possibly take offence to SLIC.
Short Little Irish Chap????
SLIP might be more up your alley eh?
and now Slic has his snout firmly inserted in the trough
I'm offended by the use of that acronym. Please don't use it again. It contains a naughty word and I feel harassed
Short Little Irish Chap????
SLIP might be more up your alley eh?
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Hi all,
I have trawled through what we know about Qantas' plans in Asia and complied this piece:
What we know about RedQ | I like to get around
One major problem with a Kuala Lumpur RedQ strategy is that it would involve creating a "dual hub" network structure. Qantas pumps most of its UK/Asia capacity through Singapore and still does not have the critical mass for flights to major European ports or multiple frequencies into cities like Melbourne; routing some traffic through Kuala Lumpur won't help this. The tie up with Malaysia Airlines is therefore quite odd from a network planning perspective.
Furthermore, given that QF does not fly to KUL, it seems like their documented intention to codeshare to AMS, FCO, CDG, IST will basically involve a codeshare arrangement where Qantas handballs passengers over to Malaysia Airlines from their home city in Australia.
I have trawled through what we know about Qantas' plans in Asia and complied this piece:
What we know about RedQ | I like to get around
One major problem with a Kuala Lumpur RedQ strategy is that it would involve creating a "dual hub" network structure. Qantas pumps most of its UK/Asia capacity through Singapore and still does not have the critical mass for flights to major European ports or multiple frequencies into cities like Melbourne; routing some traffic through Kuala Lumpur won't help this. The tie up with Malaysia Airlines is therefore quite odd from a network planning perspective.
Furthermore, given that QF does not fly to KUL, it seems like their documented intention to codeshare to AMS, FCO, CDG, IST will basically involve a codeshare arrangement where Qantas handballs passengers over to Malaysia Airlines from their home city in Australia.
Last edited by ILikeToGetAround; 30th Jan 2012 at 06:06. Reason: Resize picture
Moodys downgrade for qantas stock.
Markets Live: Stocks cap winning month
What's the next step...Junk status?
Markets Live: Stocks cap winning month
What's the next step...Junk status?
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So why is the downgrade a surprise?
A listed company shuts down revenue routes, offloads capital investment and alienates most highly skilled staff and all with no credible alternative plan beyond some dubious and doubtful dream.
The only issue is why did it take so long and it is only going to get more severe as revenue declines post April 2012.
A listed company shuts down revenue routes, offloads capital investment and alienates most highly skilled staff and all with no credible alternative plan beyond some dubious and doubtful dream.
The only issue is why did it take so long and it is only going to get more severe as revenue declines post April 2012.
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Maybe one of the corporate savvy guys possibly Sunfish could answer my questions.
I undestand that this is a credit downgrade, therefore the cost of QF debt (borrowings) increases to reflect an increased risk. Is this right?
Increase in cost of funds leads to reduced profit.?
Reduced Profit forecasts mean falling share price?
What KPI's could Joyce be achieving that in any way shape or form justify his recent bonus/pay increase.
I undestand that this is a credit downgrade, therefore the cost of QF debt (borrowings) increases to reflect an increased risk. Is this right?
Increase in cost of funds leads to reduced profit.?
Reduced Profit forecasts mean falling share price?
What KPI's could Joyce be achieving that in any way shape or form justify his recent bonus/pay increase.
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Originally Posted by adsyj
I undestand that this is a credit downgrade, therefore the cost of QF debt (borrowings) increases to reflect an increased risk. Is this right?
So it's not a credit downgrade per se, it's an analysis that says they feel Qantas' earnings will come under pressure from fuel prices, tougher market conditions overall and specific Qantas challenges on top of that. Ultimately that feeds in to creditworthiness because pressure on earnings equates to more difficulty repaying etc.
Given Qantas' fleet expansion plans this is a pretty big deal. How will they fund those 787s? What will the cost be?
Overall a serious concern for the beancounters.
Ratings agencies are generally the last to know when things start going bad. The Qantas fuel suppliers would have a far better feel for what is going on. Creditors are smarter than banks.
Furthermore, Qantas is now hoist with its own petard - after years of complaining about inadequate returns, it can't just suddenly come out and explain how strong its business is , can it?
Not only that, given its IR tactics and outsourcing, it can't ask its employees to rally round the flag in tough times, can it?
Karma is a bitch.
Furthermore, Qantas is now hoist with its own petard - after years of complaining about inadequate returns, it can't just suddenly come out and explain how strong its business is , can it?
Not only that, given its IR tactics and outsourcing, it can't ask its employees to rally round the flag in tough times, can it?
Karma is a bitch.
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Tick Tock
Romulus and Sunfish are spot on!
The glitter has well and truly worn off the the QF turd. Add into the mix QF's arrogant behavior in getting rid of experienced staff, offering up ****ty old international fleet, woeful service, long gone safety record, a management team who for 3 years has remained focused on bonuses, payrises and pinching from the cookie jar and in the process has let the world slip right on by, a pathetic amateurish PR department, grounding of a perfectly able airline for no logical reason, a lack of understanding and experience in business structure/planning/redundant plans/and a ridiculous strategy of dominating China and you have a good foundation of why the shares will be $1:00 or less by mid year.
Oh did I forget insolvent banks and entire countries heading into bankruptcy hence the reluctance and in most cases inability for anyone to fund QF's fanciful fleet fantasy, high risks with bugger all return on investment, a management and board structure that is made up from incompetents, weasels, mates, idiots, and a mixture of leeches and non productive lard arses and you
can see why the once great airline is as desirable as finding a condom in a jar of mayonnaise!
And forget Fyfe, he bails at the top of his ANZ career, he can see the financial ****storm coming, bail out now while atop of the roller coaster as it's a downward curve from here.
Anybody 'living the fantasy' that the once mighty Roo will see much much better days any time soon needs a lobotomy. QF has entered a 'perfect storm' where company structure, management, strategy and world finances have all combined together. This ride is far from over, and even if Joyce and his marauders were all flushed out with the rest of Sydneys effluent it would not
prevent QF's slide south south south.
'What to do what to do' ??? C'mon Alan what's your next roll of the dice, what are you doing to mitigate the great brands decline? Who will you blame now - the poor nightshift cleaners or the bloke picking up cigarette butts outside the valet parking area? Will you call on the 'good will' of the staff to help bail you out? I know i know blame the unions, blame God, blame
everybody/everthing/everyone except YOU.
Tick tock
The glitter has well and truly worn off the the QF turd. Add into the mix QF's arrogant behavior in getting rid of experienced staff, offering up ****ty old international fleet, woeful service, long gone safety record, a management team who for 3 years has remained focused on bonuses, payrises and pinching from the cookie jar and in the process has let the world slip right on by, a pathetic amateurish PR department, grounding of a perfectly able airline for no logical reason, a lack of understanding and experience in business structure/planning/redundant plans/and a ridiculous strategy of dominating China and you have a good foundation of why the shares will be $1:00 or less by mid year.
Oh did I forget insolvent banks and entire countries heading into bankruptcy hence the reluctance and in most cases inability for anyone to fund QF's fanciful fleet fantasy, high risks with bugger all return on investment, a management and board structure that is made up from incompetents, weasels, mates, idiots, and a mixture of leeches and non productive lard arses and you
can see why the once great airline is as desirable as finding a condom in a jar of mayonnaise!
And forget Fyfe, he bails at the top of his ANZ career, he can see the financial ****storm coming, bail out now while atop of the roller coaster as it's a downward curve from here.
Anybody 'living the fantasy' that the once mighty Roo will see much much better days any time soon needs a lobotomy. QF has entered a 'perfect storm' where company structure, management, strategy and world finances have all combined together. This ride is far from over, and even if Joyce and his marauders were all flushed out with the rest of Sydneys effluent it would not
prevent QF's slide south south south.
'What to do what to do' ??? C'mon Alan what's your next roll of the dice, what are you doing to mitigate the great brands decline? Who will you blame now - the poor nightshift cleaners or the bloke picking up cigarette butts outside the valet parking area? Will you call on the 'good will' of the staff to help bail you out? I know i know blame the unions, blame God, blame
everybody/everthing/everyone except YOU.
Tick tock
Well it's probably not going to be all rosy over at EK either. They have a massive order book and only have fully secured finance to Aug 2012. Euro banks are closing the purse strings and bond rates are on the way up, for EK as well. Earnings for the 6mths to Sep dropped 76%. EK are increasingly looking at somewhat more "exotic" sources such as islamic finance.
Dig around the financial press and you'll see aircraft funding globally is going to be a BIG BIG problem this year. Not just for QF/JQ, but many an airline's dreams of shiny new jets and massive fleets are going to remain just dreams for the time being.
Dig around the financial press and you'll see aircraft funding globally is going to be a BIG BIG problem this year. Not just for QF/JQ, but many an airline's dreams of shiny new jets and massive fleets are going to remain just dreams for the time being.
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Qantas still rules the skies | Stephen Bartholomeusz | Commentary | Business Spectator
Perhaps the most remarkable aspect of Moody’s downgrading of Qantas is that it had – and still has – an investment-grade credit rating to begin with.
That’s despite the endlessly dysfunctional and stressed state of the global aviation industry, the traumatic confrontation with three of its unions that cost it almost $200 million in the December half and soaring fuel costs that have stripped a further estimated $450 million from its earnings in that six months.
Despite the traumas of the December half, Qantas still expects to generate an underlying pre-tax profit of between $140 million and $190 million (or at least it did late last year), which would be a very creditable effort given not only the industrial disputes and fuel cost increases but the economic issues in Europe that have impacted global aviation generally.
Its positive cash flows and $3 billion-plus hoard of cash should enable it to fund its near-term aircraft deliveries.
While the strength of its frequent flyer program in particular, the continued profitable growth of Jetstar and its freight business provide some diversity and resilience to its cash flows, the resurgence and repositioning of Virgin Australia under former senior Qantas executive John Borghetti and the almost daily announcements of new entrants or increased services to Australia by foreign competitors are, however, steadily ratcheting up the pressure on Qantas’ aviation businesses.
The boldest aspect of the new strategy for the international business that Joyce outlined last year – a new premium airline based in Asia – has yet to materialise, with Qantas still talking to Malaysia and Singapore about the location of its Asian hub and, in Malaysia, a relationship with Malaysia Airlines and its major shareholder, Air Asia.
While there is a degree of impatience in the market about the lack of apparent progress in those discussions, Qantas appears to be hastening slowly, perhaps because of concerns about the capital requirements that the venture might add during a period of global economic and financial uncertainty and risk. Joyce does, however, appear committed to that strategy.
Moody’s, in downgrading Qantas, was concerned about the external environment created by the economic instability emanating from Europe, the fleet renewal program, fuel costs and the intensity of the competition it is experiencing. It would be even more concerned if Borghetti was able to prise loose significant chunks of Qantas’ dominant share of premium domestic travel.
With the industrial disputes almost certainly behind it, a stable if subdued domestic economy, the truncation of its international network, the flexibility provided by the dual brand strategy and the continuing focus on cost reduction, Qantas remains for the moment – as its retention of the investment grade rating suggests – a first-rate performer in a third-rate industry
Perhaps the most remarkable aspect of Moody’s downgrading of Qantas is that it had – and still has – an investment-grade credit rating to begin with.
That’s despite the endlessly dysfunctional and stressed state of the global aviation industry, the traumatic confrontation with three of its unions that cost it almost $200 million in the December half and soaring fuel costs that have stripped a further estimated $450 million from its earnings in that six months.
Despite the traumas of the December half, Qantas still expects to generate an underlying pre-tax profit of between $140 million and $190 million (or at least it did late last year), which would be a very creditable effort given not only the industrial disputes and fuel cost increases but the economic issues in Europe that have impacted global aviation generally.
Its positive cash flows and $3 billion-plus hoard of cash should enable it to fund its near-term aircraft deliveries.
While the strength of its frequent flyer program in particular, the continued profitable growth of Jetstar and its freight business provide some diversity and resilience to its cash flows, the resurgence and repositioning of Virgin Australia under former senior Qantas executive John Borghetti and the almost daily announcements of new entrants or increased services to Australia by foreign competitors are, however, steadily ratcheting up the pressure on Qantas’ aviation businesses.
The boldest aspect of the new strategy for the international business that Joyce outlined last year – a new premium airline based in Asia – has yet to materialise, with Qantas still talking to Malaysia and Singapore about the location of its Asian hub and, in Malaysia, a relationship with Malaysia Airlines and its major shareholder, Air Asia.
While there is a degree of impatience in the market about the lack of apparent progress in those discussions, Qantas appears to be hastening slowly, perhaps because of concerns about the capital requirements that the venture might add during a period of global economic and financial uncertainty and risk. Joyce does, however, appear committed to that strategy.
Moody’s, in downgrading Qantas, was concerned about the external environment created by the economic instability emanating from Europe, the fleet renewal program, fuel costs and the intensity of the competition it is experiencing. It would be even more concerned if Borghetti was able to prise loose significant chunks of Qantas’ dominant share of premium domestic travel.
With the industrial disputes almost certainly behind it, a stable if subdued domestic economy, the truncation of its international network, the flexibility provided by the dual brand strategy and the continuing focus on cost reduction, Qantas remains for the moment – as its retention of the investment grade rating suggests – a first-rate performer in a third-rate industry
''One thing they are going to have to sort out is the whole ownership issue, because that is one of the barriers from their previous efforts,'' Mr Osman-Rani said in Sydney yesterday.
''If both sides want to have a majority, someone has to give in.''
Qantas attempted a full-blown merger with Malaysia Airlines in 2008, but the talks broke down over the ratio of shareholdings each carrier had in a merged entity.
Pressure from investors has been building on Qantas to offer more clarity about its expansion in Asia.
Read more: Qantas's Asia plan may hinge on how to split joint venture
This still is the problem.
Meanwhile, the Q media department have been busy planting stories in the Oz media since the Moody's downgrade was announced.
Aussies won't turn their backs on Qantas, according to survey | Herald Sun
Aussies won't turn their backs on Qantas, according to survey
Australians are well-travelled and dream of a trip to Europe, according to survey. Picture: File photo
The Aussie love affair with Qantas remains strong despite last year's grounding. Picture: File photo
Dream escape of Escape readers revealed
AUSTRALIANS are well-travelled bargain hunters who haven't turned away from Qantas despite its grounding disaster last year.
Aussies also dream of holidaying in Europe, preferably soaking up the sun on a beach.
This is the picture that emerges from a survey of more than 12,000 news.com.au readers
Aussies won't turn their backs on Qantas, according to survey
Australians are well-travelled and dream of a trip to Europe, according to survey. Picture: File photo
The Aussie love affair with Qantas remains strong despite last year's grounding. Picture: File photo
Dream escape of Escape readers revealed
- Aussies are well-travelled and love the beach
- Still favour flying Qantas despite grounding disaster
AUSTRALIANS are well-travelled bargain hunters who haven't turned away from Qantas despite its grounding disaster last year.
Aussies also dream of holidaying in Europe, preferably soaking up the sun on a beach.
This is the picture that emerges from a survey of more than 12,000 news.com.au readers
today's close