QF shares hit $2.00, discuss
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mrsr1 recently took the A380 HKG-SYD and said it was virtually empty ....
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Joyce must go,investors are punishing they are fad up with all the lies,keep blaming the unions,when Aussie dollar was low and oil price at record high qf made huge profit,now Aussie dollar high and oil price below the record high qf loosing money,
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It's no suprise the 380 was only half full, go online and compare the cost of an economy seat from SYD-LHR on QF, with the likes of EK, SQ etc...the difference is startling!
With Qantas's International division supposedly losing the $400+ million, it will be interesting to see what the cost break down is.
Looking at the investor presentations from FY Last year, 1 quote in particular stands out
Is the operating balance, minus the 'transformation' charges close to breakeven for Qantas International ?
edit:
just noticed in the latest announcement they show the actual charges so far, $370-$380 million.
+ a $50million bond hit
+ a $100million airline grounding charge
Status Quo, Qantas International was probably profitable.
Looking at the investor presentations from FY Last year, 1 quote in particular stands out
Qantas International transformation costs for the initial phase are still being assessed. Preliminary estimates are in the
range of $350m to $450m with more than half being non-cash charges.
range of $350m to $450m with more than half being non-cash charges.
edit:
just noticed in the latest announcement they show the actual charges so far, $370-$380 million.
+ a $50million bond hit
+ a $100million airline grounding charge
Status Quo, Qantas International was probably profitable.
Last edited by 600ft-lb; 6th Jun 2012 at 02:15.
600ft
I'm pretty sure restructuring and industrial costs usually fall outside EBITDA calculations because they are considered 'one off' items. Hence, the reports that this year QF is going to report a loss for the first time since the float.
I'm pretty sure restructuring and industrial costs usually fall outside EBITDA calculations because they are considered 'one off' items. Hence, the reports that this year QF is going to report a loss for the first time since the float.
There is probably some deep systemic problems with Qantas and management are probably doing what they feel is the right course of action to fix it.
Unfortunalty the relationship is terminal with staff, wolf has been cried to many times and the corporate culture stinks.
So no matter what they say, noone believes them.
You can't coach a sports team if you don't have the trust and belief of the players.
Qantas needs a new coach and Captain ASAP.
Unfortunalty the relationship is terminal with staff, wolf has been cried to many times and the corporate culture stinks.
So no matter what they say, noone believes them.
You can't coach a sports team if you don't have the trust and belief of the players.
Qantas needs a new coach and Captain ASAP.
What are they smoking?
Qantas Rout Continues Despite Broker Buy Calls - Deal Journal Australia - WSJ
Qantas Rout Continues Despite Broker Buy Calls - Deal Journal Australia - WSJ
Analysts at investment banks often rely on financial information supplied by the companies they cover to help make their predictions. So it’s not surprising that some fingers are being pointed at Qantas’ investor relations department.
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Their public share price target is always high in a falling market. Talk it up and hopefully draw in some suckers bottom picking to take the other side of the trade while they sell as much of the junk as they can.
Make no mistake this one is going way below $1
Make no mistake this one is going way below $1
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It is interesting how they talk up (constantly) the frequent flyer program as being a profit centre! It would be the same if they split, say, catering off as a silo, charged international $100 per pax for catering, then trumpeted this wonderful division as a magnificent profit centre! International, tsk tsk, bleeding even more red ink, and now catering is a magical profitable entity. Except that, just like FF, catering isn't a real stand alone business. In fact, without international, FF (or catering, or whatever silo) can't exist.
Who do they think they are fooling with this BS? I guess the reason they used FF for this purpose is that you cannot test the accounting outside. Catering could be outsourced (if it hasn't already), or at least price tested. A FF program can be a complete sham.
Who do they think they are fooling with this BS? I guess the reason they used FF for this purpose is that you cannot test the accounting outside. Catering could be outsourced (if it hasn't already), or at least price tested. A FF program can be a complete sham.
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This thread should be renamed QF share price hits $1.00 because that seems to be where captain AJ is steering the QF ship. No amount of deck chair shifting is going to change this ships doomed course.
Anyone with an interest in QF should review my posting's on this thread I made on 3 and 10 Aug 2011.
QF to bottom at 69c at some stage in the future !!!
A 4% Return on Capital and 4.3% Return on Equity is not a good business to be a part owner of.
QF to bottom at 69c at some stage in the future !!!
A 4% Return on Capital and 4.3% Return on Equity is not a good business to be a part owner of.
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Investors will tolerate low returns provided they have faith in what is happening and whether the company is following a strategy that is likely to result in improvements.
Not sure that means disengaging staff, pissing off passengers, cannibalising its own profitability, fighting almost every union in the place, wasting (yes I mean wasting) a minimum of $100m on bashing unions, closing down revenue routes without replacement, a smell wafting around financials and having low if any credibility in the markets with promises. Note that is all internal and has nothing to do with a rabid competitor who is gaining strength every day.
Not sure that means disengaging staff, pissing off passengers, cannibalising its own profitability, fighting almost every union in the place, wasting (yes I mean wasting) a minimum of $100m on bashing unions, closing down revenue routes without replacement, a smell wafting around financials and having low if any credibility in the markets with promises. Note that is all internal and has nothing to do with a rabid competitor who is gaining strength every day.
Last edited by ohallen; 6th Jun 2012 at 05:58.
A seriously pissed Tiger also seems to be honing in on the wounded Roo...the Skull hot line maybe getting a hammering from King Alan..."Got anymore dirt on that pesky cat!"
Tiger claws Qantas, and probably itself in new fare fight | Plane Talking
....couple that with Scoot and the vultures are beginning to circle!
Tiger claws Qantas, and probably itself in new fare fight | Plane Talking
....couple that with Scoot and the vultures are beginning to circle!