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AUGUST 24th - QANTAS

Old 17th Aug 2011, 02:51
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Share price

It is almost as if the prime objective is to drive the share price down. Surely QF must be getting very very attractive to asset strippers! That is where the real danger is in my opinion.
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Old 17th Aug 2011, 02:53
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I think the reports this morning of AJ claiming that the union leaders are 'talking down and denigrating the brand" is insulting at best. Even I, as SLF (and SunFish, I don't take offense at that) know that that's exactly what AJ has been doing himself for at least the last 6 months.

FacePprune is backfiring on QF yesterday and today, this may be a tipping point, I think....
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Old 17th Aug 2011, 03:00
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If asset strippers come in, is it curtains for all the employees? Or would they sell Qantas mainline as a whole(and therefore keep the airline operating)?
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Old 17th Aug 2011, 03:02
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Interesting

QF in its statement to the ASX mentioned on its Asian strategy that they initially allocate 11 A320 aircraft to the new premium airline
Go Figure
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Old 17th Aug 2011, 03:24
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Ok, let's look at this a bit more without some of the Qantas Management and AJ bashing....

Qantas may be losing a lot of money internationally and without all the figures that we don't have access to, it would be hard to make reasonable and correct comments.

I would prefer to still fly and see a Qantas Aircraft rather than see it die.. I know from years ago that after being overseas for a prolonged period to see the Qantas Aircraft in Asia that I wasn't far from home. Now in a short while that aircraft may have different crew or base (and I am not endorsing or agreeing to overseas crews or crew losing their jobs) but it will still be Qantas....

In regards to Qantas getting 777s or other aircraft, they will be getting 787s in the next few years and they probably did miss the boat with getting the aircraft at the right time, but why have another different aircraft type that will require spare parts, simulators, crews and engineers rated on that aircraft.

Hey no offence, but maybe they should get some A320s for Qantas as well and then they can be like Ansett and have:
A320s and 737s
767s, 777s, 787s, A330s,
747s and A380s

I am Australian, I am proud of Qantas and obviously the Board have not taken these decisions lightly.
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Old 17th Aug 2011, 03:39
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Qantas may be losing a lot of money internationally and without all the figures that we don't have access to, it would be hard to make reasonable and correct comments.
That's the problem.... the figures don't make sense for the people who work at the Q on a daily basis. I for one don't believe what AJ is trying to say and get away with with his media budget.
On the 7.30 report video he said "I'm not sending jobs overseas, I'm just retreching aussies and creating new jobs overseas.."

Last week the Qantas spin machine said it will only cost 30 mil to set up in Asia, this week it was quoted in the media as 500 mil....
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Old 17th Aug 2011, 03:45
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Seen AJ on lateline last night peddling this crap that LAWYERS in Thailand are tripping over each other to get well paid jobs on JETSTAR selling over priced orange juice and muffins what utter CRAP.
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Old 17th Aug 2011, 03:51
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Fear not boy's and girl's. AJ has just given us the very reason we will soon be able to get rid of him! Just like Margret departed after the failed APA bid, the man with glasses that are 2 sizes too big and possibly the worst dentist in the world will have to pack his bag and sod off. Like we've all said before. We were here before they came, and we will be around long after they've gone! You've just got to weather the storm in between.
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Old 17th Aug 2011, 04:12
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AJ admits that fewer people fly QF out of Australia... what has been done to correct this? I have seen very little of QANTAS marketing in the past.

I dream again for the old days.
Think outside of the square (Freemasons forgive me).
If one is considering setting up a Premium Airline in Asia plus a joint effort in Japan why not instead start a Premium Airline in Southern Europe flying intra Europe and hubbing with QF from Australiua.

This means that the LHR slots are retained (will QF be able to re purchase these slots sold to BA should QF decide to increase services to LHR?) and services to other European cities will be served by QF albeit under another name.

There are already two partly owned by QF airlines in Asia!! All one needs is another bout od Asian flu or bird flu and all you eggs are in one basket... so to speak!

As I said "Tell 'im 'e's dreaming"
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Old 17th Aug 2011, 04:36
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Just a suggestion, but I would, if I were you, be putting in your protest to your local MP and get everyone you know to do so also. Not just about job losses but the fact that the very airline itself is under threat of closure and moving offshore for cheaper parts and labor. (which is probably the ultimate game). It won't long before some MP becomes uncomfortable about it, and brings it to question time. It cannot hurt, the more its out there the better chance you have of arresting it. This is no longer about just jobs, its about a company under seige by the very people who run it. All QF unions now need to get together, and form a fighting force, because you cannot win this fight alone, not any more. We all know QF can knock the socks off other airlines if given the chance, it is a world favorite, and like TE it can stay in its own country and operate well with the right CEO and the staff right behind him/her. Its up to you all now, do you sink or swim? Lets see a bit of that Anzac spirit, better to be beaten standing, than on your knees. Its worth fighting for, it really is.
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Old 17th Aug 2011, 04:47
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This means that the LHR slots are retained (will QF be able to re purchase these slots sold to BA should QF decide to increase services to LHR?) and services to other European cities will be served by QF albeit under another name.
The slots will remain QF owned but will be leased (not sold) to BA.
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Old 17th Aug 2011, 04:49
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AJ admits that fewer people fly QF out of Australia...

He admits it because he knows it's true. That's part of the plan he presented to the QF board when JB and PG were frozen out by Clifford.

1. Diminish the QF international route network.
2. Reduce frequency.
3. Starve QF international capital requirements (Keep aging / tired aircraft).
4. J* get newer a/c, increased network, increased frequency.
5. Frustrate staff through difficult working environment.

End result, fewer people fly QF, unit costs increase, not as profitable; The plan to break the people who made Qantas.
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Old 17th Aug 2011, 04:50
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82% of international travellers into and out of Australia do not fly QF. If you take out Air NZ's marketshare, it becomes 90%. If you take out QF's trans-tasman market share + USA, you might find that it's close to 95% of international passengers into and out of Australia (excluding USA and NZ routes) do not fly QF. Are my stats right?
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Old 17th Aug 2011, 04:58
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Lovely day on the river. Sunscreen, hat and sunglasses are all on. Radio for the football results. Fridge keeping a few cold ones at the ready. Settling in for the wait ahead. Fishing rods showing no signs yet as I wait to haul in the catch as they head down river.

Looks picturesque. I'm smiling at the thought of what I'll see.
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Old 17th Aug 2011, 04:58
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Mr Joyce on News.com:
"We're seeing the unions continuing to trash the Qantas name, they're continuing to undermine Qantas," he (Mr Joyce) said

Read more: Qantas boss Joyce: Union job claims nonsense | News.com.au
Mr Joyce, in Media Presentation:

" It is a steadily fading business ... suffering big financial losses and a substantial decline in market share"
You be the judge ....
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Old 17th Aug 2011, 05:30
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I would prefer to still fly and see a Qantas Aircraft rather than see it die...
Opinions differ on this point, but I wouldn't. I get sick of Australian companies becoming non-Australian in practice but still hanging on to their iconic brand name so they can be 'Australian' for marketing purposes. IMO it's double dipping; lowering costs by using cheap overseas labour so they can undercut genuine Aussie companies and make even huger profits but still milking the nationalism angle so gullible people think they're buying Australian and supporting Aussie industry.

If multinationalism is the only way forward, why not open up the domestic market to foreign operators and we'll see how long Qantas remains competitive then? If it's no longer an Australian airline that employs Australians, why should the government protect it?


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Old 17th Aug 2011, 05:59
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Gee Peter Reith and his views on the whole thing are a bit of a worry...

Did anyone see him on ABC24's The Drum last night?

I am constantly impressed (read: bewildered) how easily high level politicians, like he was, continue to accept the rhetoric from private companies, who's culling actions will adversely effect their very own constituents, and blindly tow the company line that Slashing staff is necessary...

Politicians need to remember who they represent...
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Old 17th Aug 2011, 06:08
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You couldn't get a seat into or out of SFO in April just before the "smartest guys in the room", cancelled the service.

SFO Airport manager confirmed pax numbers for April were 1000 up on the year before. Yields were up, plenty of cargo and all with no advertising [route closure already flagged].

He was beside himself with frustration.

Leaving staff behind in JFK ?

Perfect opportunity for the buffoons to cancel the service.

Politicians need to remember who they represent...
What? Are you implying that politicians from his party represent, "the people"?
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Old 17th Aug 2011, 06:08
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Had Peter Reith on the flight deck once - almost voted Labor after that!
I can see why he missed out on the Liberal presidency.
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Old 17th Aug 2011, 06:36
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I am constantly impressed (read: bewildered) how easily high level politicians, like he was, continue to accept the rhetoric from private companies, who's culling actions will adversely effect their very own constituents, and blindly tow the company line that Slashing staff is necessary...

Politicians need to remember who they represent...

Wont ever happen - far more important to remember who owns them.
Any mug that thinks Government exists for any purpose beyond implementing what the Corporations need to feed their greed, is deluding themself.
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