Qantas tie up with Malaysian Airlines from 1st April
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From the very same link !!
Qantas and Malaysia Airlines have decided to end talks on a partnership as the parties were unable to reach mutually agreeable commercial terms.
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10.36am: Actually Qantas now the second-worst performer in top 200 stocks (off 2.6%).
It's not the share price gain.
It's not the dividend returns to investors.
And it appears now that it's not the foresight / planning for an overseas airline tie-up.
Apart from slash and burn, just WHAT has he done that are his "metrics" to deserve to keep his job ?
ST
Clowns!
A board and a CEO who don't trust their own staff, yet trust people like Fernandez and the market so much, they'll tell everyone what they're doing before its done. What a bunch a f...ing lightweights!
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So Twiggy Forrest gets hammered by ASIC for announcing a deal that was/wasnt, so where is the scrutiny of this announcement?
Surely it was just a coincidence that company was involved in serious industrial disputes on multiple fronts which could have affected share price and then mysteriously this dream was floated as a diversion.
Maybe now the investment banks will rethink their support for Board and Execs.
Surely it was just a coincidence that company was involved in serious industrial disputes on multiple fronts which could have affected share price and then mysteriously this dream was floated as a diversion.
Maybe now the investment banks will rethink their support for Board and Execs.
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The Smartest Men in The Room
One attribute that any decent CEO must have is the ability to create and/or identify opportunities and implement them .Joyce fails miserably in this regard.The whole concept of a " capital lite" venture is laughable.Who in their right mind would contemplate a joint venture with a company whose management is held up to so much ridicule.Qantas has absolutely nothing to offer anyone.They need to be creative and provide their own opportunities.The vaccuum at the top indicates that this is impossible,improbable and unlikely.
The Exco of Qantas is receiving monies under false pretences.
The Exco of Qantas is receiving monies under false pretences.
Stay tuned for the leprechaun's next brainwave. Maybe something like:
"With Europe set to re-emerge from financial problems soon, we are keen to establish a capital-light venture with either Air France/KLM, Olympic or Alitalia to generate the funds necessary to allow us to rebuild our own longhaul mainline operation (which, of course, is our main priority)."
The clowns that run Qantas and sit on the the board must GO!!!
"With Europe set to re-emerge from financial problems soon, we are keen to establish a capital-light venture with either Air France/KLM, Olympic or Alitalia to generate the funds necessary to allow us to rebuild our own longhaul mainline operation (which, of course, is our main priority)."
The clowns that run Qantas and sit on the the board must GO!!!
The writing is on the wall for Joyce...it spells 'Y.o.u.'r.e. s.a.c.k.e.d.!''
Up closer the writing actually says 'You're sacked.... all of you in longhaul'.
[Great party while it lasted, though].
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Some strong stuff here:
Qantas Red Q is officially Dead Q as we've known for a while | Plane Talking
I don't know anything about how to fly a jet, leave that to the son-in-law, but I do know how companies work, and I think Joyce will get the heave ho very soon.
Qantas Red Q is officially Dead Q as we've known for a while | Plane Talking
I don't know anything about how to fly a jet, leave that to the son-in-law, but I do know how companies work, and I think Joyce will get the heave ho very soon.
AJ will come out as clean as Olivia's undies.
It will be the minions below him that will face the blow torch aka management 101.
He was only acting on flawed advice from his 'advisors' who had not done the proper risk analysis nor identified the correct partners to move forward. These advisors will of course no longer be required.
You could also buy into conspiracy theories and EBA negotiation tactics along with sympathetic political interests when outsourcing and Asia are announced.
Not good for politics.
Meanwhile Rome is burning and the equipment to fight the fire has not been provided to the troops.
It will be the minions below him that will face the blow torch aka management 101.
He was only acting on flawed advice from his 'advisors' who had not done the proper risk analysis nor identified the correct partners to move forward. These advisors will of course no longer be required.
You could also buy into conspiracy theories and EBA negotiation tactics along with sympathetic political interests when outsourcing and Asia are announced.
Not good for politics.
Meanwhile Rome is burning and the equipment to fight the fire has not been provided to the troops.
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10.36am: Actually Qantas now the second-worst performer in top 200 stocks (off 2.6%).
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Frankly as a Qantas frequent flyer I am disappointed in this, as the logical conclusion of this I expect to be the continued expansion of Jetstar, and the wittling back of Qantas International.
Having a base in Asia would have hopefully supported routes from Perth, Adelaide, Brisbane and more connections. Without it I suspect Qantas will go further down the Sydney, Melbourne only strategy
Having a base in Asia would have hopefully supported routes from Perth, Adelaide, Brisbane and more connections. Without it I suspect Qantas will go further down the Sydney, Melbourne only strategy
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Ben Sandilands sums it up well
Red Q is Dead Q but we’ve know that for a while
Qantas Red Q is officially Dead Q as we've known for a while | Plane Talking
March 9, 2012 – 11:28 am, by Ben Sandilands
Qantas has finally told the ASX what everyone with a finger on the pulse has known for some time, that its proposed premium airline based in Malaysia is dead.
The statement leaves open the possibility of a Resurrected Q occurring somewhere else in Asia, although sources in Singapore were quick to say this was never a serious proposition from late September last year.
The cost of this proposed scheme includes cutting back on flights to London, and the reputation of a chorus line of tame analysts who failed to ask even the most fundamental questions as to how it could be that a Malaysian flag carrier, minority owned by Qantas, could be seriously claimed to be the key to funneling enough profits back to Qantas to allow it to reinvest in the full service long haul brand the current management keeps reducing in scope.
It was very plainly the wrong plan, in the wrong city (Kuala Lumpur) and with the wrong partners (Malaysia Airlines and Air Asia, which is the natural rival to its Jetstar franchise in Asia).
The statements made in support of this scheme were ludicrous. According to Qantas group CEO Alan Joyce in media interviews last year the project would feature sleeper seats bigger than those in its A380s, but in a single aisle A320s and also include a premium economy for sale over route stages that technically could never have been much longer than six hours.
The venture, which was somehow going to be controlled by Qantas, yet enjoy the flag carrier privileges of Singapore, Malaysia, China, or somewhere in Asia, was going to march in and take premium business of the likes of Singapore Airlines or Cathay Pacific.
There was also increasing confusion as to exactly what Qantas was proposing. The plan seemed to flicker back and forth between being a single aisle A320 carrier (which would include some of 110 orders or purchase options Qantas placed for more A320s) to an A330 carrier, and by the time Qantas CEO Alan Joyce announced a pathetic set of figures for the first half year results, was also a plan in which he said Qantas intended to spend as little as possible on new jets.
The first rule of doing business in Asia, which is to keep quiet until you actually have something real to talk about, was broken, as were the usual courtesies of not announcing your intention to take someone’s long established home market in the banner headlines accorded to the concept in the Australian media.
It has been a sorry spectacle, creating a text book case of how not to do business in Asia, and one that is truly astonishing given the access Qantas has enjoyed for decades to wise and experienced counsel in relation to business and governmental relations with the Asia economies.
All the while the farce has been underway, the market share of Qantas on international routes has been shrinking, all while its management has been whinging about the unfairness of competitors who actually fly faster to more places that either Australians want to fly to, or from which more visitor and business travellers want to come to Australia.
In this period the cost advantage to Qantas of a soaring Australian dollar, which has not be unavailable to any of its competitors, has been ignored or downplayed.
The Qantas statement says the airline will continue to look to alliances or joint ventures in Asia, as if this is something new. It is in fact the very least shareholders and employees and prospective travellers would have expected Qantas to be doing in the Asia-Pacific and further abroad.
In that respect the statement seeks to make a virtue from something that Qantas has always done, and in relation to its Jetstar franchise, where it has made some significant advances.
It is not just that Qantas is disadvantaged by geography, but by woeful management and a tiresome addiction to blaming everything that works against it on its employees, its unions, its competitors, and on those Australians who have deserted it.
The company deserves better.
Qantas Red Q is officially Dead Q as we've known for a while | Plane Talking
March 9, 2012 – 11:28 am, by Ben Sandilands
Qantas has finally told the ASX what everyone with a finger on the pulse has known for some time, that its proposed premium airline based in Malaysia is dead.
The statement leaves open the possibility of a Resurrected Q occurring somewhere else in Asia, although sources in Singapore were quick to say this was never a serious proposition from late September last year.
The cost of this proposed scheme includes cutting back on flights to London, and the reputation of a chorus line of tame analysts who failed to ask even the most fundamental questions as to how it could be that a Malaysian flag carrier, minority owned by Qantas, could be seriously claimed to be the key to funneling enough profits back to Qantas to allow it to reinvest in the full service long haul brand the current management keeps reducing in scope.
It was very plainly the wrong plan, in the wrong city (Kuala Lumpur) and with the wrong partners (Malaysia Airlines and Air Asia, which is the natural rival to its Jetstar franchise in Asia).
The statements made in support of this scheme were ludicrous. According to Qantas group CEO Alan Joyce in media interviews last year the project would feature sleeper seats bigger than those in its A380s, but in a single aisle A320s and also include a premium economy for sale over route stages that technically could never have been much longer than six hours.
The venture, which was somehow going to be controlled by Qantas, yet enjoy the flag carrier privileges of Singapore, Malaysia, China, or somewhere in Asia, was going to march in and take premium business of the likes of Singapore Airlines or Cathay Pacific.
There was also increasing confusion as to exactly what Qantas was proposing. The plan seemed to flicker back and forth between being a single aisle A320 carrier (which would include some of 110 orders or purchase options Qantas placed for more A320s) to an A330 carrier, and by the time Qantas CEO Alan Joyce announced a pathetic set of figures for the first half year results, was also a plan in which he said Qantas intended to spend as little as possible on new jets.
The first rule of doing business in Asia, which is to keep quiet until you actually have something real to talk about, was broken, as were the usual courtesies of not announcing your intention to take someone’s long established home market in the banner headlines accorded to the concept in the Australian media.
It has been a sorry spectacle, creating a text book case of how not to do business in Asia, and one that is truly astonishing given the access Qantas has enjoyed for decades to wise and experienced counsel in relation to business and governmental relations with the Asia economies.
All the while the farce has been underway, the market share of Qantas on international routes has been shrinking, all while its management has been whinging about the unfairness of competitors who actually fly faster to more places that either Australians want to fly to, or from which more visitor and business travellers want to come to Australia.
In this period the cost advantage to Qantas of a soaring Australian dollar, which has not be unavailable to any of its competitors, has been ignored or downplayed.
The Qantas statement says the airline will continue to look to alliances or joint ventures in Asia, as if this is something new. It is in fact the very least shareholders and employees and prospective travellers would have expected Qantas to be doing in the Asia-Pacific and further abroad.
In that respect the statement seeks to make a virtue from something that Qantas has always done, and in relation to its Jetstar franchise, where it has made some significant advances.
It is not just that Qantas is disadvantaged by geography, but by woeful management and a tiresome addiction to blaming everything that works against it on its employees, its unions, its competitors, and on those Australians who have deserted it.
The company deserves better.
Surely it was just a coincidence that company was involved in serious industrial disputes on multiple fronts which could have affected share price and then mysteriously this dream was floated as a diversion.