AUGUST 24th - QANTAS
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Australian 19/9
Really how does Steve Creedy sleep at night. His article in the Australian today was absolute rubbish...if you work for Qantas or spouse their PR rubbish, just admit it and be done with it. Because I do work for them and even i dont buy that....
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Sunfish,
The USA government has most of its foreign debt in US dollars (reserve currency for now!) and can instruct its Reserve bank to print cash and buy its debt bonds (therefore keeping interest rates low). It is unlikely to default on its foreign debts.
I guess there is a slow default of sorts by way of a devalued USD due to excess printing.
Your eurobonds analysis is spot on.
The USA government has most of its foreign debt in US dollars (reserve currency for now!) and can instruct its Reserve bank to print cash and buy its debt bonds (therefore keeping interest rates low). It is unlikely to default on its foreign debts.
I guess there is a slow default of sorts by way of a devalued USD due to excess printing.
Your eurobonds analysis is spot on.
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The Sunfish Scenario and Job Offers
The circumstances described by Sunfish are definitely applicable Q except that the inexperienced bright young things are dysfunctional and incompetent and have not been afforded the benefit of any company based training.If and when the Rat turns up its toes these people will be tainted by the circumstances and most likely be unable to garner future employment in the aviation industry.
I have been surprised by three job offers that have been made because of my experience.Virgin,Emirates and City Rail have all offered positions.This has come about through friends who now work for these organisations.Apparently the culture in these companies appreciates the value of knowledge gained through experience.Work ethic is also valued.I may not be working on an aircraft but I may still be in transportation
I have been surprised by three job offers that have been made because of my experience.Virgin,Emirates and City Rail have all offered positions.This has come about through friends who now work for these organisations.Apparently the culture in these companies appreciates the value of knowledge gained through experience.Work ethic is also valued.I may not be working on an aircraft but I may still be in transportation
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Hello Sunfish,
The link to the Qantas wine guide no longer works. I was curious to read it because a month ago I travelled Melb-Perth with Qantas economy.
I had a red wine (well some of it) with the meal. 10 minutes later I handed it back to the FA. "Is there something wrong sir"? Umm, well, its horrid.. "Yes, its not very nice is it"!!!
FA returns 5 minutes later with a different red. "Try this one sir".
5 minutes later Octane uses call button (I rarely use it, don't like to disturb staff)
Octane: Can I have a beer please, hands back another horrid wine....
A week later I get an email request to complete a customer "dissatification" survey from Q.
In the comments part I wrote, "Australia is awash with cheap good quality wine of all varieties, why do you insist on serving cr^p wine in economy?" Didn't bother asking why the red is always chilled with the white..
Sunfish, I read your IT story with a sense of deja vous...
I was once employed at a large multinational. All was good until they employed a youngish "On the move, smooth talking, walk the walk, talk the talk" type manager with rather poor technical skills. Over a period of time the staff who ensured they lunched with her got the better appraisals. Me and some of the others who did the bulk of the work were too busy to take leisurely 1 hour lunches. I was labelled "not a team player". I too resigned not long after.
About a year later, the bean counters decided the lab need "restructuring". As staff left or were promoted (the latter the lunch goers of course) they were replaced by "outsourced" contract employees on less money, no holiday pay, sick pay etc. You know who managed to organise herself a cosy redundancy..
Now 10 years down the track all the lab workers are contractors earning absurdly low money. They have no career potential with the company, are disgruntled and frankly have little interest in their work. The good ones come and go ASAP and the indifferent ones stay so over time the calibre of staff is falling.
I saw all this unfold because a few weeks after I left I got a call from the 2nd in command ("she" would not talk to me), they were in trouble and needed my help, on their terms. Nope, not interested. Another call a week later, "please,we're desparate". OK, then alright then, but on my terms. I worked there another 15 years as a specialist on 3 times the money they offered. Tossers.........
So, a large multinational is putting their reputation on the line because they are too lousy to invest in a professional, dedicated and contented workforce in the lab, all to save a few measly bucks. One major QC screwup has the potential to cost the company millions of dollars or worse, let alone the cost of loss of reputation. What a bunch of lunatics...........
AJ, I hope you and your mates read this thread, be warned.
Then again, you probably don't give a rat's tail....
I would not be buying Q shares.
Cheers
Octane
The link to the Qantas wine guide no longer works. I was curious to read it because a month ago I travelled Melb-Perth with Qantas economy.
I had a red wine (well some of it) with the meal. 10 minutes later I handed it back to the FA. "Is there something wrong sir"? Umm, well, its horrid.. "Yes, its not very nice is it"!!!
FA returns 5 minutes later with a different red. "Try this one sir".
5 minutes later Octane uses call button (I rarely use it, don't like to disturb staff)
Octane: Can I have a beer please, hands back another horrid wine....
A week later I get an email request to complete a customer "dissatification" survey from Q.
In the comments part I wrote, "Australia is awash with cheap good quality wine of all varieties, why do you insist on serving cr^p wine in economy?" Didn't bother asking why the red is always chilled with the white..
Sunfish, I read your IT story with a sense of deja vous...
I was once employed at a large multinational. All was good until they employed a youngish "On the move, smooth talking, walk the walk, talk the talk" type manager with rather poor technical skills. Over a period of time the staff who ensured they lunched with her got the better appraisals. Me and some of the others who did the bulk of the work were too busy to take leisurely 1 hour lunches. I was labelled "not a team player". I too resigned not long after.
About a year later, the bean counters decided the lab need "restructuring". As staff left or were promoted (the latter the lunch goers of course) they were replaced by "outsourced" contract employees on less money, no holiday pay, sick pay etc. You know who managed to organise herself a cosy redundancy..
Now 10 years down the track all the lab workers are contractors earning absurdly low money. They have no career potential with the company, are disgruntled and frankly have little interest in their work. The good ones come and go ASAP and the indifferent ones stay so over time the calibre of staff is falling.
I saw all this unfold because a few weeks after I left I got a call from the 2nd in command ("she" would not talk to me), they were in trouble and needed my help, on their terms. Nope, not interested. Another call a week later, "please,we're desparate". OK, then alright then, but on my terms. I worked there another 15 years as a specialist on 3 times the money they offered. Tossers.........
So, a large multinational is putting their reputation on the line because they are too lousy to invest in a professional, dedicated and contented workforce in the lab, all to save a few measly bucks. One major QC screwup has the potential to cost the company millions of dollars or worse, let alone the cost of loss of reputation. What a bunch of lunatics...........
AJ, I hope you and your mates read this thread, be warned.
Then again, you probably don't give a rat's tail....
I would not be buying Q shares.
Cheers
Octane
I am far from any kind of serious wine buff, but I have always found the wine served on QF to be very good.
The correct link is
Qantas wine guide
The correct link is
Qantas wine guide
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As Surfside mentioned in an earlier post...... "history just keeps repeating".
I recall that after every VR/CR offer of late -we have a severe crew shortage -'cause the clowns who do the figures can't add up .
How hard is it?
So I wasn't surprised when -the phone rings late this 'arvo from Fat Boy Slim- asking whether I could postpone my exit date -"due to crew resourcing issues for next Bid Period".......read
WE HAVE STUFFED THE NUMBERS UP AGAIN AND WE NEED MORE CREW !!!
Naturally , my response was -NAH
Treat once loyal people like crap long enough and eventually they will say :
JAM IT.
My attitude is just one of thousands in this place now.
Just.... "show me the money" chumps......I have been screwed over way too many times(20 hour TOD's,KPI reviews,interrogations etc etc) plus I have witnessed the wholesale destruction of a once great airline due to the greed and incompetence of those who laughingly call themselves "managers".
Suck it up.
Enjoy the day tomorrow boys and girls (contingency team).....chucking bags and getting abused by punters all day.
'am sure Wirth, Joyce and Clifford will be all tucked away in their warm bunkers on QCA/9.....away from the mayhem-giving interviews for 2GB and Sky news.
"Oh -they are all bad people these TWU union types......we have been trying to negotiate in good faith blah blah blah" We cannot give them the EBA guarantees that they request......(yet we can find $5m for the Leprechaun)
The blatant hypocrisy is sickening.
"What you sow...you shall reap !"
I recall that after every VR/CR offer of late -we have a severe crew shortage -'cause the clowns who do the figures can't add up .
How hard is it?
So I wasn't surprised when -the phone rings late this 'arvo from Fat Boy Slim- asking whether I could postpone my exit date -"due to crew resourcing issues for next Bid Period".......read
WE HAVE STUFFED THE NUMBERS UP AGAIN AND WE NEED MORE CREW !!!
Naturally , my response was -NAH
Treat once loyal people like crap long enough and eventually they will say :
JAM IT.
My attitude is just one of thousands in this place now.
Just.... "show me the money" chumps......I have been screwed over way too many times(20 hour TOD's,KPI reviews,interrogations etc etc) plus I have witnessed the wholesale destruction of a once great airline due to the greed and incompetence of those who laughingly call themselves "managers".
Suck it up.
Enjoy the day tomorrow boys and girls (contingency team).....chucking bags and getting abused by punters all day.
'am sure Wirth, Joyce and Clifford will be all tucked away in their warm bunkers on QCA/9.....away from the mayhem-giving interviews for 2GB and Sky news.
"Oh -they are all bad people these TWU union types......we have been trying to negotiate in good faith blah blah blah" We cannot give them the EBA guarantees that they request......(yet we can find $5m for the Leprechaun)
The blatant hypocrisy is sickening.
"What you sow...you shall reap !"
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also because he travels courtesy of Qantas.
Lets face it... If you are employed by ONE company, and then another company comes along and says "hey... here are some MORE benefits from us, just for doing what your original company wants" ... who is gonna say no?
it would be like working for QLINK, and getting a backhander from REX to fly a DHC-8 to Dubbo!.
Lets face it... If you are employed by ONE company, and then another company comes along and says "hey... here are some MORE benefits from us, just for doing what your original company wants" ... who is gonna say no?
it would be like working for QLINK, and getting a backhander from REX to fly a DHC-8 to Dubbo!.
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Steve Creedy visited Seattle courtesy of Qantas and Boeing
Really how does Steve Creedy sleep at night. His article in the Australian today was absolute rubbish...
Qantas cancels 28 flights, delays another 27 in response to strikes | The Australian
Qantas estimates more than 10,000 passengers have been affected by industrial; action by the engineers since it began in late August.
“The TWU is intent on causing disruptions to Qantas passengers and we are doing everything we possibly can to reduce the delays and cancellations,” Qantas group executive Olivia Wirth said.
Qantas argues the union’s pay claim of 15 per cent over the next three years was not sustainable in the current economic climate.
“The TWU is intent on causing disruptions to Qantas passengers and we are doing everything we possibly can to reduce the delays and cancellations,” Qantas group executive Olivia Wirth said.
Qantas argues the union’s pay claim of 15 per cent over the next three years was not sustainable in the current economic climate.
Steve Creedy visited Seattle courtesy of Qantas and Boeing
Boeing's Dreamliner proves 'a joy to fly' | The Australian
You don't have to dig too deep to find who's side Creedy is on, I am afraid that's what we are up against here in Australia...
Remember this video on August the 24th
Says it all really, I wonder if they gave him an IPAD as well?
If you agree, possibly good if the mods moved this to the Aug 24 thread as these observations have been collected and discussed on there and good to have a single thread with all the records leading up to the 24th and events after. Sooner or later someone is going to trip up and it will be on this thread for all to see.
While we're on the subject of convenient spin I wonder when a journalist will write an article on the CEO and the Board who have
Overseen the decline of approximately $7billion of shareholder value and lead the company to have a share price equal to less then cash in the bank and assets on the books.
If they're happy to espouse the arbitrary values given to them by one party in the game why won't they put into print the obvious one ? $6 - $1.50 ....
Surely that's worthy of a page filler on the Friday aviation section ?
Overseen the decline of approximately $7billion of shareholder value and lead the company to have a share price equal to less then cash in the bank and assets on the books.
If they're happy to espouse the arbitrary values given to them by one party in the game why won't they put into print the obvious one ? $6 - $1.50 ....
Surely that's worthy of a page filler on the Friday aviation section ?
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Sunrise did mention the lock out and the TWU managed to get the least presentable bloke they could find in front of the camera to answer a few questions. Credit where it's due, he did get a couple of good points in.
Good God Olivia!
Olivia Wirth on channel 7 in Sydney about half an hour ago. No surprises there. Looking for all the world like a mangey cat!
Consistantly refers to Qantas as a good employee! She can't even get the terminology right.
Insists that it wasn't a lockout, but Qantas attempting to maintain consitancy of service! Chr!st only knows?
The real kicker of course was the mantra about needing to get back to the negotiating table.
I don't work for QF, but it must drive you guys mad (it certainly does me) to see management on national TV, continually telling bold faced lies!
Well at least they're predictable, if not competant!
Consistantly refers to Qantas as a good employee! She can't even get the terminology right.
Insists that it wasn't a lockout, but Qantas attempting to maintain consitancy of service! Chr!st only knows? The real kicker of course was the mantra about needing to get back to the negotiating table.
I don't work for QF, but it must drive you guys mad (it certainly does me) to see management on national TV, continually telling bold faced lies!Well at least they're predictable, if not competant!
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Olivia on ABC
Poor Olivia. On abc news this morning , Virginia T made her look like a absolute goose re lockout of workers this morning(funny).Even funnier was the comment from my wife saying that I looked better than her after I've done my nightshifts.
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Poor Olivia
here is the ABC news 24 9.00 am version for those who missed it.
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Originally Posted by Krusty
Olivia Wirth on channel 7 in Sydney about half an hour ago. No surprises there.
Consistantly refers to Qantas as a good employee! She can't even get the terminology right. Insists that it wasn't a lockout, but Qantas attempting to maintain consitancy of service!
Consistantly refers to Qantas as a good employee! She can't even get the terminology right.
Insists that it wasn't a lockout, but Qantas attempting to maintain consitancy of service!Long hair is a bad look for corporates. If you want to be a PA then fine, but overall long hair makes you look less serious than short hair. You may prefer long hair, you can even argue that it should make no difference. Problem is that it does. If she wants to be given respect then she needs an image consultant for makeup, get the hair into a more conservative style (even a pony tail) and generally look more corporate.
And as for her speech patterns when answering, what a shocker. Apart from the whole employee thing she always seems to mangle her answers rather than coming across as cool and calm and thus in charge.
One question she should be asked every time she appears is how much of a raise she got last year and with her last promotion. She'll probably respond with "that's private" or somesuch, it doesn't take a genius to figure out what the follow up question should be.
Stay strong, but be flexible, so you get teh best outcome for yourselves. Currently I'm intrigued but definitely enjoying the Virgin business offerings so QF are definitely under the pump. Problem is that you need to make sure you leave enough water in the system to keep it going, if everyone leaves for the competitor then your victory will be Pyrrhic at best. Equally same goes for QF management.
Interesting times.
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Qantas attempting to maintain consitancy of service! Chr!st only knows?
I thought Qantas were already managing that themselves without needing any assistance from the Big Bad Unions.
Was it about making the staff/TWU look as bad as possible by maximizing the impact?
Man Bilong Balus long PNG
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Just caught a little of the Finance section of ABC TV news last night but noted that Qantas shares had headed south a bit.
Another sign of things to come?
Another sign of things to come?
