Alan Joyce Chief Executive Qantas June 22/6/11 Address to the National Press Club"
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My favorite line from 'Dear Leader' was 'Its a great airline but a bad business'...
If that is the case, that Qantas is a bad business, then perhaps the past and present management group should return all bonuses and incentive payments for lets say the past 10 years ? And the current management team should be immediately removed seeing that they are running a poor business. I do believe the shareholders should be concerned that their hard earned investment sits within the palms of somebody who does not even believe that he even runs a good business ?
The references to AN are interesting. It was Management decisions that ultimately caused the death of AN and it would appear eerily that the same levels of incompetence are at play at Qantas. After all AJ, some 'known faces', and some 'behind the scenes ex AN faceless men' are now running the Qantas ship.
This story will not have a happy ending.
If that is the case, that Qantas is a bad business, then perhaps the past and present management group should return all bonuses and incentive payments for lets say the past 10 years ? And the current management team should be immediately removed seeing that they are running a poor business. I do believe the shareholders should be concerned that their hard earned investment sits within the palms of somebody who does not even believe that he even runs a good business ?
The references to AN are interesting. It was Management decisions that ultimately caused the death of AN and it would appear eerily that the same levels of incompetence are at play at Qantas. After all AJ, some 'known faces', and some 'behind the scenes ex AN faceless men' are now running the Qantas ship.
This story will not have a happy ending.
Last edited by gobbledock; 22nd Jun 2011 at 23:17.
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I have always said that joyce is almost hoping the pilots would go on strike. It arms him with more ammunition to do what he wants, and that is obvious.
He wants mainline on lower wages no matter what. Whether it is by choice, opening an asian division or rebranding jetstar down the line.
I feel for the Q guys and gals as I really don't what you can do to stop it. When someone is willing to see something go down to start a fresh, then what an you do? good luck to you all.
He wants mainline on lower wages no matter what. Whether it is by choice, opening an asian division or rebranding jetstar down the line.
I feel for the Q guys and gals as I really don't what you can do to stop it. When someone is willing to see something go down to start a fresh, then what an you do? good luck to you all.
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Who's up for writing "The Men Who Killed QANTAS: Part Two be sure, two be sure"?
http://www.randomhouse.com.au/Books/THE-MEN-WHO-KILLED-QANTAS
http://www.randomhouse.com.au/Books/THE-MEN-WHO-KILLED-QANTAS
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Sprucegoose
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Was up early this morning and watched the full replay on ABC.
As an outsider I can't believe that International is not profitable. On my only flight recently (so I admit it's not a good sample), the aircraft had 66 J class seats and all were full! Of course they all could have been frequent (sic) flyers from Woolies propping up the company...
The man sure is a purveyor of doom and gloom even with a $550 million profit in uncertain times you would have thought someone had just died.
The one bright light (I thought) was the forcast for growth within Qantas domestic and increasing airframes, that is good news for the guys/gals at the pointy end.
Keep fighting the good fight!
PS: Was that Sunfish who asked one of the questions?
As an outsider I can't believe that International is not profitable. On my only flight recently (so I admit it's not a good sample), the aircraft had 66 J class seats and all were full! Of course they all could have been frequent (sic) flyers from Woolies propping up the company...
The man sure is a purveyor of doom and gloom even with a $550 million profit in uncertain times you would have thought someone had just died.
The one bright light (I thought) was the forcast for growth within Qantas domestic and increasing airframes, that is good news for the guys/gals at the pointy end.
Keep fighting the good fight!
PS: Was that Sunfish who asked one of the questions?
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You've hit the nail on the head SliverSlueth.
I fear that your comment is a sad, but true statement that no amount of industrial action will make go away.
Elsewhere in the world, really committed employees have faced similar circumstances and chosen to meet the challenge by sacrificing salary to become majority shareholders.
Any such action is no doubt quiet risky. Nonetheless, the overall difference between Qantas and Jetstar employment costs would be more than enough to mount an employee lead takeover.
Personally I would have no problem sacrificing 15% of my salary for equity that would ultimately give the Qantas Employee Group the opportunity to chart a new course.
But hey! That’s only me and unless just about all pilots and engineers miraculously came to share my view- it just isn’t going to happen.
I fear that your comment is a sad, but true statement that no amount of industrial action will make go away.
Elsewhere in the world, really committed employees have faced similar circumstances and chosen to meet the challenge by sacrificing salary to become majority shareholders.
Any such action is no doubt quiet risky. Nonetheless, the overall difference between Qantas and Jetstar employment costs would be more than enough to mount an employee lead takeover.
Personally I would have no problem sacrificing 15% of my salary for equity that would ultimately give the Qantas Employee Group the opportunity to chart a new course.
But hey! That’s only me and unless just about all pilots and engineers miraculously came to share my view- it just isn’t going to happen.
theres been some speculation on this topic on these forums so this might present a little more knowledge for the readers
On top of his $2 million of fixed annual remuneration, Joyce has the potential to earn a short-term cash bonus of $2.4 million. Hardly a lot when compared with a banker, but a good deal better than a pilot.
The short-term bonus is based 65 per cent on underlying profit before tax performance and the rest on a series of measures ranging from safety, punctuality, customer services and unit cost reduction.
The short-term bonus is based 65 per cent on underlying profit before tax performance and the rest on a series of measures ranging from safety, punctuality, customer services and unit cost reduction.
Read more: Wanted returns? Well, you got them
but hey if GD got 11mil for 5 months work AJ must be a bargain then?
but hey if GD got 11mil for 5 months work AJ must be a bargain then?
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This might have brightened up the address:
Worker replaces CEO Presentation with Porn
Worker replaces CEO Presentation with Porn
Perhaps someone should have hacked into the and replayed the nauseating footage of Darth and Marge almost dry rooting with excitement after the 'failed' takeover bid ?
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AJ walks into a cafe with a duck under his arm.
Cashier says: "Why you bring the spine-less imbecile in here".
AJ says: "It's not a spine-less imbecile....it's just a duck".
Cashier says: "I was talking to the duck".
Cashier says: "Why you bring the spine-less imbecile in here".
AJ says: "It's not a spine-less imbecile....it's just a duck".
Cashier says: "I was talking to the duck".
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If Qantas International has only made a profit 3 times in 15 years, and those profits aren't worth the losses in between it begs two questions;
1 - Why has it taken 15 years to do something about it?
2 - Why did Geoff Dixon, Peter Greg, Alan Joyce etc take millions and millions in wages for NOT fixing the problem?
3 - Why do the big institutions not ask THEIR own analysts WTF?
And I have a question for Mr Joyce,
- If all the work Qantas International staff do on/for Jetstar was ACTUALLY billed to Jetstar, and Jetstar were actually paying QF International to use QF's A330's…..how much money would QF International be making?
Oh, and another one……
How many QF passengers are popped into Jetstar 'code-share' seats and the money passed to Jetstar….yes Alan, that's another of your tricks, we're onto you!!
Time to start looking for a new job…you might not be the one making the announcement on August 24!!!
and to FedSec……probably too late to add it to the PIA but perhaps Jetstar should be off-limits for QF LAME's? It would cripple them!
1 - Why has it taken 15 years to do something about it?
2 - Why did Geoff Dixon, Peter Greg, Alan Joyce etc take millions and millions in wages for NOT fixing the problem?
3 - Why do the big institutions not ask THEIR own analysts WTF?
And I have a question for Mr Joyce,
- If all the work Qantas International staff do on/for Jetstar was ACTUALLY billed to Jetstar, and Jetstar were actually paying QF International to use QF's A330's…..how much money would QF International be making?
Oh, and another one……
How many QF passengers are popped into Jetstar 'code-share' seats and the money passed to Jetstar….yes Alan, that's another of your tricks, we're onto you!!
Time to start looking for a new job…you might not be the one making the announcement on August 24!!!
and to FedSec……probably too late to add it to the PIA but perhaps Jetstar should be off-limits for QF LAME's? It would cripple them!
The biggest problem is QF for many years had the market almost to itself. If you wanted to go to many places there was only 2 or 3 main choices, and loyal Australians supported Qantas.
Then came along a little airline called Emirates. Qantas sat on its hands and watched.
Now the choice to go to almost anywhere in Europe is a one stop via Dubai. Seriously who is going to want to SYD-SIN-LHR-FCO when its cheaper and faster SYD-DXB-FCO
Yes blame past QF for not doing anything. The idiots could have made a hub in Darwin and flown non-stop to almost any where in Europe from Australia, trumping any other airline.
Apart from being inept Alan Joyce is just covering up past mistakes. And imagine of the Jetstar and Qantas fleet was combined - what a formidable force that would be. I wouldnt even care if there was 5 classes on board and stick the bogans in the last 10 rows
Then came along a little airline called Emirates. Qantas sat on its hands and watched.
Now the choice to go to almost anywhere in Europe is a one stop via Dubai. Seriously who is going to want to SYD-SIN-LHR-FCO when its cheaper and faster SYD-DXB-FCOYes blame past QF for not doing anything.
The idiots could have made a hub in Darwin and flown non-stop to almost any where in Europe from Australia, trumping any other airline.Apart from being inept Alan Joyce is just covering up past mistakes. And imagine of the Jetstar and Qantas fleet was combined - what a formidable force that would be. I wouldnt even care if there was 5 classes on board and stick the bogans in the last 10 rows
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King Wiliam!! What a shame there was no-one with enough knowledge or tenacity to raise such points at this so-called "club"!!
Considering the age and history of the International business, I find the remarks that it failed to make a profit in the reported number of years very hard to swallow.
Considering the age and history of the International business, I find the remarks that it failed to make a profit in the reported number of years very hard to swallow.
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I heard a rumour that Gareth Evans actually had a document which showed the costs Qantas was carrying on behalf of Jetstar. It has mysteriously disappeared. Someone should track it down.
Could they be doing this elsewhere to make QF Int look bad, maybe expsenses from Jetstar onto the Qantas Int bottom line?
How much did JQ pay QF for the rights on all the abandoned QF routes - zipp?
JQ should be paying millions to use the Qantas Group name on their planes. Just like Virgin pays SRB to use his brand name
How much does JQ pay for the back of house QF expertise and management - again nothing.
How much does JQ pay to lease the QF A330 - I guarantee its not full market rates.
No way JQ can be hugely profitable selling $199 flights to NRT and $49 MEL-SYD
It's all about creating smoke screens, illusions and perceptions to justify the existence of that horrible nasty orange disease
EDIT - Where did all the compensation for the late 787 deliveries go? Straight to JQ's bottom line????????
Last edited by 1a sound asleep; 23rd Jun 2011 at 02:41.
The Sydney Morning Herald summed it up nicely:
COULD it be that Jetstar has become the airline world's version of the cuckoo? A bird that is always short of time, the cuckoo lays an egg in another species' nest before scarpering. Not surprisingly, given its parent's demeanour, the oversized offspring has some nasty habits of its own.
Once hatched, it systematically ejects the other eggs in the nest, thereby enjoying the complete devotion of its adoptive parents, who appear oblivious to the fact that their fledgling bears no resemblance to any other bird in the neighbourhood
Read more: A great airline, but a lousy business
Once hatched, it systematically ejects the other eggs in the nest, thereby enjoying the complete devotion of its adoptive parents, who appear oblivious to the fact that their fledgling bears no resemblance to any other bird in the neighbourhood
Read more: A great airline, but a lousy business
Never before have I seen change so appallingly managed. Alan Joyce makes Geoff Dixon look like a babe in the woods when it comes to disenfranchising, disengaging and depressing his frontline staff.
What sort of manager (and I use the term very loosely) makes an announcement foreshadowing probable job cuts associated with further outsourcing and offshoring and then says, "Oh, but you'll have to wait another two months for any details!"?
"Oh, and then we will have to wait until Lesley Grant reports back later this year to give you the next thrilling installment in the drama that has become your working life."
Mr Joyce the people who work for you have families, mortgages and lives outside Qantas. Those people are now concerned for their capacity to provide for the people in their lives who really matter - and that's not you nor is it, at the moment, the shareholders.
All the discussion upline last night was about yesterday's announcement including a young pilot who was concerned about their ability to provide for their newborn child.
So your staff now have to wait at least two months to see whether the Sword of Damocles falls on them. You reckon this will be a significant distraction from their primary task of getting your aeroplanes safely from A to B? You bet it will.
What sort of manager (and I use the term very loosely) makes an announcement foreshadowing probable job cuts associated with further outsourcing and offshoring and then says, "Oh, but you'll have to wait another two months for any details!"?
"Oh, and then we will have to wait until Lesley Grant reports back later this year to give you the next thrilling installment in the drama that has become your working life."
Mr Joyce the people who work for you have families, mortgages and lives outside Qantas. Those people are now concerned for their capacity to provide for the people in their lives who really matter - and that's not you nor is it, at the moment, the shareholders.
All the discussion upline last night was about yesterday's announcement including a young pilot who was concerned about their ability to provide for their newborn child.
So your staff now have to wait at least two months to see whether the Sword of Damocles falls on them. You reckon this will be a significant distraction from their primary task of getting your aeroplanes safely from A to B? You bet it will.
What is amazing about AJ's performance is how content he seems to be disengaging his staff. JB comes to VA, which probably has as many problems, but quickly engages his staff by showing he has a plan, he is in it for the long haul and he recognises that he cannot deliver without the entire business being behind the plan. AJ is the opposite.
The constant drip-drip of consultants' reports and rounds of redundancies will do nothing to improve morale. AJ needs to deliver his plan, implement it and let the business settle. I was involved in AN in its dying days and the constant rounds of spills and fills moving through the levels of management was a massive distraction and only served to make sure the good people left as soon as they could. I assume the same is now happening at QF.
The constant drip-drip of consultants' reports and rounds of redundancies will do nothing to improve morale. AJ needs to deliver his plan, implement it and let the business settle. I was involved in AN in its dying days and the constant rounds of spills and fills moving through the levels of management was a massive distraction and only served to make sure the good people left as soon as they could. I assume the same is now happening at QF.
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I would truly love just 5 mins with the goose that let JB go, even if it was JB's call, I would have offered him a block of flats to stay. Whoever you are, thank you for the continuing disaster that has beset Qantas. You are a idiot of mammoth proportions. 