AUGUST 24th - QANTAS
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"An abject lesson on how to destroy an icon for the benefit of the shareholders"
Sorry disagree this has nothing to do with shareholder value but rather the Execs and a few vested interests, wait and see. It is merely dressed up as this because that is what the Corps Law requires.
Sorry disagree this has nothing to do with shareholder value but rather the Execs and a few vested interests, wait and see. It is merely dressed up as this because that is what the Corps Law requires.
Join Date: Nov 2007
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Come on ALAEA you have been reading too many of AJ's press releases.
One half of one cent doesnt really rate as a fall.
One half of one cent doesnt really rate as a fall.
High for the day was 1.605
Close 1.525
That's a fair drop. An announcement like this usually gives an injection to the stock.
Join Date: May 2006
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Maybe SP was doing the sums with his left hand...
Unfortunately guys you have left your battle to your Union overlords who have done nothing but collect your fees and tell you "we are doing something". Left handed, 60 sec protests and unfulfilled promises of getting the public onside have all been complete failures. I am by no way pro QF management... very far from it but i am very anti the current Union ineptness. Guys... you pay the fees... expect action!
Unfortunately guys you have left your battle to your Union overlords who have done nothing but collect your fees and tell you "we are doing something". Left handed, 60 sec protests and unfulfilled promises of getting the public onside have all been complete failures. I am by no way pro QF management... very far from it but i am very anti the current Union ineptness. Guys... you pay the fees... expect action!
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Grow up and smell the roses...
How many people (normal public who fly) do you really think know the history of Qantas and use that as an influence in their decision as to which airline to fly.... 1-2% perhaps, not as many as you would have people believe by any stretch. Like an Australian company.. if you want them to compete purely on a local scale then local conditions and local traditions apply.. To compete on a global scale requires equal costs and equal opportunities as per the rest of your competitors. Australia is already starting on the back foot being so isolated and given no protection as far as airspace rights go. To add in highly inflated wages in an age where technology has risen to meet the reduction in pilot skills is just another nail in their coffin.. If they continue as is!
Not saying its nice just factual
VofR
How many people (normal public who fly) do you really think know the history of Qantas and use that as an influence in their decision as to which airline to fly.... 1-2% perhaps, not as many as you would have people believe by any stretch. Like an Australian company.. if you want them to compete purely on a local scale then local conditions and local traditions apply.. To compete on a global scale requires equal costs and equal opportunities as per the rest of your competitors. Australia is already starting on the back foot being so isolated and given no protection as far as airspace rights go. To add in highly inflated wages in an age where technology has risen to meet the reduction in pilot skills is just another nail in their coffin.. If they continue as is!
Not saying its nice just factual
VofR
Join Date: Oct 2009
Location: Alabama, then Wyoming, then Idaho and now staying with Kharon on Styx houseboat
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How will the PR spin machine led by the little fella and Wirthless counteract the swell of disgust being vented at the latest salvo of incompetence fired off by QF?
Time for the QF choir to start playing The Doors song 'The End'. An appropriate tune at this time. After all, AJ is Colonel Kurtz, living deep within a murky swamp where reality and reality cross a blurred line and fact and fiction send the mind into a tail spin..... Now please, somebody please napalm this little gimp and wake him up from his dream state.
Time for the QF choir to start playing The Doors song 'The End'. An appropriate tune at this time. After all, AJ is Colonel Kurtz, living deep within a murky swamp where reality and reality cross a blurred line and fact and fiction send the mind into a tail spin..... Now please, somebody please napalm this little gimp and wake him up from his dream state.
Join Date: Aug 2011
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Agree ALAEA but still wait until tomorrow, I reckon it will TANK then we will see how much support they havefor their lunacy.
Its a bit like a hostile takeover, you have to have the numbers before you begin or it will fail and staff will kill this off thru determination.
Please someone show them the door and fast.
The fact that they believe their own deceptions shows the level of delusion in the "dream".
Its a bit like a hostile takeover, you have to have the numbers before you begin or it will fail and staff will kill this off thru determination.
Please someone show them the door and fast.
The fact that they believe their own deceptions shows the level of delusion in the "dream".
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Qantas International lost around $200 million in Financial Year 10/11.
Base in KL? Kicked out of Singers obviously. Well MAS has a new life now with Air Asia and change of Management! Good luck there!
If Tiger ever turn a profit in Oz no doubt the cash would go back to Singapore, why is it different the other way around?
Just like the favor is being repaid in their markets by our airlines.
Notice a pattern?
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They won't. The Australian government in cohoots with the local airline industry will make sure they need to keep pumping money in, and nothing will be going out.
Join Date: May 2007
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So it looks like his premium airline will be based in SIN or KUL.
I hope QF realises that the MH management that they worked with to sponsor them into OW is different from the MH management which they will be working with in the near future. With the MH-AK "tie-up", does QF know what they are getting into? Do they realise that in Malaysia, everyone needs a cut? If they were to start a premium airline in KUL, MH, AK, Malaysia Airports, and senior government officials would need to be "fed". This is how things work in Malaysia. They may look like Singaporeans, speak like Singaporeans and seem like Singaporeans, but it ain't no Singapore.
If QF decides to start it in SIN, would you rather fly SQ's 777 on regional routes, or QF's A320? SQ will just walk all over them. Despite the advent of LCCs, SQ still charges whatever it likes. I just booked SIN-MNL in YCL for S$845. 3 hour flight. They regularly charge SIN-CGK for S$560.1h20 min flying time. SIN-DPS for S$560 - 2 hour flying time. SIN-HKG flexible tickets regularly go in excess of S$650 - 3 hour flying time.
Why does SQ charge whatever it pleases ex SIN? Because who is the competition on SIN-MNL? Who is the competition on SIN-CGK? or SIN-PVG or SIN-PEK? They can rape the market and the business community would still pay for SQ.
Silk Air and SQ are still merrily chargin S$400 for SIN-KUL - the flights still go out full 8 times a day, and this is a route which is 184 miles or 30 min of flying time. You don't even get peanuts - Coffee Tea or Orange juice it is.
The problem with QF also, is that they kept harping on the new longhaul Jetstar routes that they wanted to start ex SIN. In the last 7 years, SQ's market share in Changi has fallen from 50% to 35%. QF, together with 3K and JQ, have the largest market share in Changi after SQ.
Releasing bits and pieces of info on where 3K might fly longhaul ex SIN, just awoke a sleeping dragon in SIA, who out of the blue announced plans for their own longhaul LCC. For the last 7 years, SIA had to fight with 3K for rights to various regional destinations, as well as to AKL, where Singapore and NZ enjoy open skies.
The Singapore government is willing to overlook the fact that 3K is an Australian proxy airline fully funded by Qantas, because of the benefits that Qantas hubbing in SIN brings to the greater Singaporean economy, as well as the jobs it brings.
Now SIA is starting their longhaul LCC to snap up the rights and slots to popular but low yielding destinations like Athens, Rome, maybe Gold Coast etc. Probably just to prevent 3K from getting hold of the rights in the next rights allocations meeting of Singaporean carriers.
And notice that SIA isn't giving any details about where this carrier might fly. Jetstar seem to love to announce months and months in advance that "we think we wanna fly to Tokyo Haneda" or "we think we wanna fly to Athens". It just gives SIA all the time in the world to plan and shock them at the slots allocation meetings.
I also find it intriguing that QF thinks their expertise is relevant in Asia. Asia, including West Asia, is home to some of the best and well run airlines in the world like SQ CX and EK.
Good luck to QF - As a Singaporean of course I like to see more airlines flying into my home airport, and am probably glad about the jobs being created (though that is questionable if the crew are all LHR-based and the pilots are all Aussie) Oh whatever - at least the pax in transit will spend some money in the airport shops! I'm sure that will translate into some benefit for Singapore - oh wait everything bought airside is tax free! Damn.
I hope QF realises that the MH management that they worked with to sponsor them into OW is different from the MH management which they will be working with in the near future. With the MH-AK "tie-up", does QF know what they are getting into? Do they realise that in Malaysia, everyone needs a cut? If they were to start a premium airline in KUL, MH, AK, Malaysia Airports, and senior government officials would need to be "fed". This is how things work in Malaysia. They may look like Singaporeans, speak like Singaporeans and seem like Singaporeans, but it ain't no Singapore.
If QF decides to start it in SIN, would you rather fly SQ's 777 on regional routes, or QF's A320? SQ will just walk all over them. Despite the advent of LCCs, SQ still charges whatever it likes. I just booked SIN-MNL in YCL for S$845. 3 hour flight. They regularly charge SIN-CGK for S$560.1h20 min flying time. SIN-DPS for S$560 - 2 hour flying time. SIN-HKG flexible tickets regularly go in excess of S$650 - 3 hour flying time.
Why does SQ charge whatever it pleases ex SIN? Because who is the competition on SIN-MNL? Who is the competition on SIN-CGK? or SIN-PVG or SIN-PEK? They can rape the market and the business community would still pay for SQ.
Silk Air and SQ are still merrily chargin S$400 for SIN-KUL - the flights still go out full 8 times a day, and this is a route which is 184 miles or 30 min of flying time. You don't even get peanuts - Coffee Tea or Orange juice it is.
The problem with QF also, is that they kept harping on the new longhaul Jetstar routes that they wanted to start ex SIN. In the last 7 years, SQ's market share in Changi has fallen from 50% to 35%. QF, together with 3K and JQ, have the largest market share in Changi after SQ.
Releasing bits and pieces of info on where 3K might fly longhaul ex SIN, just awoke a sleeping dragon in SIA, who out of the blue announced plans for their own longhaul LCC. For the last 7 years, SIA had to fight with 3K for rights to various regional destinations, as well as to AKL, where Singapore and NZ enjoy open skies.
The Singapore government is willing to overlook the fact that 3K is an Australian proxy airline fully funded by Qantas, because of the benefits that Qantas hubbing in SIN brings to the greater Singaporean economy, as well as the jobs it brings.
Now SIA is starting their longhaul LCC to snap up the rights and slots to popular but low yielding destinations like Athens, Rome, maybe Gold Coast etc. Probably just to prevent 3K from getting hold of the rights in the next rights allocations meeting of Singaporean carriers.
And notice that SIA isn't giving any details about where this carrier might fly. Jetstar seem to love to announce months and months in advance that "we think we wanna fly to Tokyo Haneda" or "we think we wanna fly to Athens". It just gives SIA all the time in the world to plan and shock them at the slots allocation meetings.
I also find it intriguing that QF thinks their expertise is relevant in Asia. Asia, including West Asia, is home to some of the best and well run airlines in the world like SQ CX and EK.
Good luck to QF - As a Singaporean of course I like to see more airlines flying into my home airport, and am probably glad about the jobs being created (though that is questionable if the crew are all LHR-based and the pilots are all Aussie) Oh whatever - at least the pax in transit will spend some money in the airport shops! I'm sure that will translate into some benefit for Singapore - oh wait everything bought airside is tax free! Damn.
Join Date: Sep 2007
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Dear Allan,
As a long time shareholder I am at the very least, extremely disappointed with your efforts to try and make a dividend come my way.
I have heard and read the first the portion of the four pillar plan you have and I am not impressed, I would say I am worried. Mr Jackson and Mr Purvinas convey my concerns. However in order to make someone accountable (something that Qantas management historically shys away from) for this polarising change in direction of our national airline I would like you to make a committment.
A committment to your shareholders and employess and a simple committment TO YOUR PLAN.
A committment simple and straighforward.
A committment of putting your money where your mouth is.
A committment is for you and your senior executives to repay 75% of your remuneration for the next five years IF YOUR PLAN FAILS (The metric is simple Profit after tax is better in the future than it is now) however I offer you long term rewards and high bonuses if your plan works. One provisio as a national carrier you have a committment to the nation.
Look forward to your reply.
BP
Should you fail, we'll use the funds to re-build another Australian aircraft industry without you thanks just like our forefathers did.
I have heard and read the first the portion of the four pillar plan you have and I am not impressed, I would say I am worried. Mr Jackson and Mr Purvinas convey my concerns. However in order to make someone accountable (something that Qantas management historically shys away from) for this polarising change in direction of our national airline I would like you to make a committment.
A committment to your shareholders and employess and a simple committment TO YOUR PLAN.
A committment simple and straighforward.
A committment of putting your money where your mouth is.
A committment is for you and your senior executives to repay 75% of your remuneration for the next five years IF YOUR PLAN FAILS (The metric is simple Profit after tax is better in the future than it is now) however I offer you long term rewards and high bonuses if your plan works. One provisio as a national carrier you have a committment to the nation.
Look forward to your reply.
BP
Should you fail, we'll use the funds to re-build another Australian aircraft industry without you thanks just like our forefathers did.