Australia, New Zealand & the Pacific Airline and RPT Rumours & News in Australia, enZed and the Pacific

AUGUST 24th - QANTAS

Old 16th Aug 2011, 00:27
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Tick Tock 1000 is nigh

I will release the 61 questions in due course. Couple of other things need to happen first.
Good work Steve. Don't rush. Plot, plan and exercise your manouver meticulously and precisely. I agree that the management are likely trying to 'place the hook in the jaws' of the Unions and drag them into a showdown. One thing with 89 was that if anything, the fight was not strategised well enough. It was quick in reality with a lot of blood spilled, but the enemy was underestimated and their counter attack plan not forseen. This fight needs to be nutted out very methodically as there is even more at stake than 89 in my opinion.

73 to 91- I could not agree more. Flew to LA recently on a prehistoric 747. There was less legroom (or so it felt) on that 13 hour nightmare than there was on a Dash Q400 on the weekend. The LA flight was one of my worst international flights in cattle class in recent memory
If AJ reckons that is 'world class service' then I may as well buy an asylum seeker boat, configure it slightly (add a food cart containing a brown apple, cookie, and plastic water cup) and sail over next year.

On a positive, this mornings announcement may sound something like this - ' QF managment have agreed to base themselves offshore, as well as agreed to return all bonus payments, sign on fee's, rorts, fiddles and money making scam's used to obscenely fill their materialistic desires over the past decade'. All monies will be donated to charity. Furthermore, all management, in line with worlds best practise and in line with the ever worsening world economic climate, have agreed to work under straight salaried positions not exceeding $300k per year in total. No longer will share options be part of the remuneration packages, no links to consultancy firms will be tolerated, and no other financial interests will be accepted as part of said remuneration package'.

Over to you, you little Irish toad...
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Old 16th Aug 2011, 00:33
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Keg

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Lightbulb

Interesting. Either the announcement was never going to be the 24th and that date was always mentioned to wrong foot the various other interests working against Qantas management, or something else has been going on behind the scenes to prompt QF to jump early and so to try and pre-empt and minimise the next salvo coming at them.

I suspect the latter.

Either way, I don't think today is going to be a pleasant day for QF, it's workers or the future of the airline.
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Old 16th Aug 2011, 00:47
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Jetstar Japan......
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Old 16th Aug 2011, 00:47
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Flew to LA recently on a prehistoric 747
Hey easy up! Jumbo's have feelings too you know! And they are a bloody good aeroplane to boot! They are just in need of a little more TLC..

I reckon there will still be an announcement on the 24th. Wouldn't they look (even moreso) like a right bunch of fools to the market if they made a pre-emptive announcement? If anything, an announcement today would just allow the cannons to be rolled out earlier!
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Old 16th Aug 2011, 00:49
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There are a number of announcements to the ASX on wide ranging changes.

Those who understand need to digest and comment.
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Old 16th Aug 2011, 00:49
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Don't get to excited about the announcement, apparently it is "Alan Joyce has become the new ambassador for Jenny Craig"
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Old 16th Aug 2011, 00:50
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Hey easy up! Jumbo's have feelings too you know! And they are a bloody good aeroplane to boot! They are just in need of a little more TLC..
Absolutely agree !!

And perhaps Wirthless has become Ambassador for the series 'Extreme Makeover' ?? And if she hasn't, then lets sign her up, pronto.
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Old 16th Aug 2011, 00:51
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On ninemsn - up to 1000 jobs to be "affected" by the changes
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Old 16th Aug 2011, 00:54
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Jetstar Japan - LCC
Asian based premium carrier - new entity
1000 jobs to go
Further A380s delayed
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Old 16th Aug 2011, 00:55
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As per the SMH today..

Qantas Airways Ltd will make dramatic changes to its international business to make it profitable in a process that will affect 1,000 jobs.

Qantas says there will be an impact on workers from the retirement of older aircraft and network changes, while the company will look to minimise compulsory redundancies wherever possible.
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Old 16th Aug 2011, 00:56
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OH NO...not more drip fed torture.

ABC just did a preliminary analysis and said 1000 jobs to go. Airline would not say which division or when these cuts would occur.

Its gonna get nasty...
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Old 16th Aug 2011, 00:57
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Announcements have come early.............

Full details at 1000 this morning, includes 1000 jobs to go, remaining A380s delayed for 6 years, Full service Airline based in Japan, plus another LCC somewhere in Asia.

On ABC news channels now.
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Old 16th Aug 2011, 00:58
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Qantas is dead

Just heard on abc news 24, a380 deliveries to be delayed
For 6 years! 78 new 320 to be ordered! Qantas starting a new
Premium airline in Asia! 1000 jobs to be cut! Steve help us
Save this airline now! Don't wait!
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Old 16th Aug 2011, 01:03
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At least they've realised their weaknesses - ABC claimed Qantas are reporting over 80% of people would prefer to fly with another airline and their fleet needs an upgrade.
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Old 16th Aug 2011, 01:06
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Oh crap.....well there goes Qantas.

It looks like the current management wants to do everything but run the current airline. A previous CEO of Telstra wanted to expand everywhere and not run the company that he'd been hired to run. It took a Yank exec to sort that out and actually run the company. Coles-Myer, another example of management not wanting to run the company and wanting to do something else with it.....eg sell it off, just like previous Qantas management. Look at where Coles-Myer is now? In the history books.
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Old 16th Aug 2011, 01:14
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Hmm so, 1000 jobs to go but many a320's on order?? Downsizing long haul perhaps? Jetstar to pick up the slack? Wasn't very specific in that regard.
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Old 16th Aug 2011, 01:15
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Roll out the red carpet to the other carriers
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Old 16th Aug 2011, 01:15
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Announcements on ASX available

Several announcements on the ASX web site - Investor Presentation at the top. Or use the link below:

http://www.asx.com.au/asxpdf/2011081...xbfm2l4cyg.pdf

Good luck to all.
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Old 16th Aug 2011, 01:17
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Bet the Middle Eastern carriers will snap up the 380's.

The end is nigh
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Old 16th Aug 2011, 01:25
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AJ said,

I'm pleased to announce we at Qantas have a 5-year plan to return Q Int'l business to profitability starts today.

Q premiuim asian airline will not be a Q branded airline.

Q to make 1000 redundancies.

Q asked Lowy Institute to examine growth factors in Asia.

Q future hinges on Aus-Asia routes, which yield high profits.
It also sounded like Qantas will only fly to LHR via SIN and be pulling out of BKK & HK.
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