QANTAS - WHERE TO NOW?
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The market sentiment and perceived value drives the share price up and down. The intrinsic value gets lost in the confusion of national and international events.
and a interesting view today in the mainstream press..
The forecast by Joyce for the current half to December includes a payment of about $135 million from Boeing. Qantas was upfront about this, but if one is to get a true gauge of performance it should really be backed out.
To do so would leave Qantas with a more meagre performance for the current half, of $30 million to $80 million.
In the previous corresponding period (the first half of financial year 2012) the company made $202 million.
But that was after taking into account $194 million of losses associated with the industrial relations action and the grounding of the fleet. Without that anchor, Qantas would have made closer to $400 million profit.
Thus if one strips out all these factors and takes the earnings back to the bare bones, the 2013 financial year is not shaping up to be a good one.
To do so would leave Qantas with a more meagre performance for the current half, of $30 million to $80 million.
In the previous corresponding period (the first half of financial year 2012) the company made $202 million.
But that was after taking into account $194 million of losses associated with the industrial relations action and the grounding of the fleet. Without that anchor, Qantas would have made closer to $400 million profit.
Thus if one strips out all these factors and takes the earnings back to the bare bones, the 2013 financial year is not shaping up to be a good one.
Join Date: Jul 2007
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Am I the only one who is thinking evil thoughts?
The whole reason for the buy back is that they need more for the exec teams bonuses. Maybe they ran out of shares to divy up and had no choice but to buy some back?!?!
All the best guys and girls.
The whole reason for the buy back is that they need more for the exec teams bonuses. Maybe they ran out of shares to divy up and had no choice but to buy some back?!?!
All the best guys and girls.
short flights long nights
EK has just bumped the A380 order up to 120. AJ hopes to have an "Inernational Division"..of what 10 aircraft?? Say what you like, but (up to now) when TC and EK says we are going to do it, they do it...so 120 A380s here they come...QF is sadly.....
And another text more night shift OT in base maintenance tonight.
Seriously, no OT for months and now its unstoppable. What is going on Mrs Tobin?
I remember a few years back when an EBA was in full swing for the AMEs and the sheeties refused OT. Everyday the foreman and manager and HR would call each crew member into the foremans office one by one, ask them if they could do OT, when the answer was no they were stood down and marched off the base until their next shift. They were dark days.
Seriously, no OT for months and now its unstoppable. What is going on Mrs Tobin?
I remember a few years back when an EBA was in full swing for the AMEs and the sheeties refused OT. Everyday the foreman and manager and HR would call each crew member into the foremans office one by one, ask them if they could do OT, when the answer was no they were stood down and marched off the base until their next shift. They were dark days.
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Whole of qantas engineering are concentrating on redundancy rather than working on aircraft,guys are scrambling where is it safe to go,Bne,Perth,Avalon,Adl,or leave the industry all together.Apprentices are also looking to get into some other trade as the negative feedback from their peers,whole of quality and safety of aircraft is out of door rather than concentrating on work concentrate on package.What a disaster from these management,they have forgotten human factor training
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The Accident Causation Model (or "Swiss Cheese Model") is a theoretical model that illustrates how accidents occur in organisations. The model focuses on both organisational hierarchy and human error. It postulates that the typical accident occurs because several (human) errors have occurred at all levels in the organisational hierarchy in a way that made such accident inavoidable. For example, decision makers may have made ill decisions, line management may have pushed for faster turnarounds (line management deficiencies),employees pressured to cope with a stressful climate, an unsafe culture and uncertainty
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The Accident Causation Model (or "Swiss Cheese Model") is a theoretical model that illustrates how accidents occur in organisations. The model focuses on both organisational hierarchy and human error. It postulates that the typical accident occurs because several (human) errors have occurred at all levels in the organisational hierarchy in a way that made such accident inavoidable. For example, decision makers may have made ill decisions, line management may have pushed for faster turnarounds (line management deficiencies),employees pressured to cope with a stressful climate, an unsafe culture and uncertainty
Join Date: Nov 2007
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I wonder if they did a risk assessment on the dangers of this latest change?
What do you think would be worse -
To be stood down for a day or made redundant for life?
What do you think would be worse -
To be stood down for a day or made redundant for life?
Last edited by ALAEA Fed Sec; 16th Nov 2012 at 01:11.
Flew business class bris Singapore last week. Very good experience all the way through. Really is a case of a good staff let down by incredibly bad management. Hope they hang in there.
Join Date: Nov 2007
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I am hearing whispers that alot of Engineers have been underpaid on their shift penalties for a few years. If this is true, are they trying to cut them loose before this comes out into the open?
Join Date: Jul 2008
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Defensive Strategy?
Share buybacks have the effect of pushing share prices up.
In so doing the company becomes less attractive to marauders.
In the Fin Review this week Tim Clarke spoke with disdain about the APA takeover bid and the people involved.
Maybe he was behind the share buyback idea?
In so doing the company becomes less attractive to marauders.
In the Fin Review this week Tim Clarke spoke with disdain about the APA takeover bid and the people involved.
Maybe he was behind the share buyback idea?
Last edited by Ka.Boom; 16th Nov 2012 at 06:19.
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If you are requested to do overtime and you advise that you are fatigued and you don't consider that you could carry out your overtime duties COMPETENTLY and SAFELY, because of that fatigue, are they going to take punative action against you ??
Role on.....
Role on.....
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@ going postal
The system has fallen over, and the only ones paying for this are us engineers. There will be no accountable managers for this stuff-up.
At first I wasn't in support of doing O/T, but then I thought stuff it, why stand by and watch the place fall in a heap. Might as well get some cash before I get the boot, not to say that I'm gonna make the system work any better than it is already, just get paid better for doing it!
Some idiots just don't get. Let the system fall on its own sword and the managers accountable pay
At first I wasn't in support of doing O/T, but then I thought stuff it, why stand by and watch the place fall in a heap. Might as well get some cash before I get the boot, not to say that I'm gonna make the system work any better than it is already, just get paid better for doing it!
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Overtimers? OVERTIMERS? Mate they are way down on the list of fellow employees that have destroyed our job prospects over the last couple of years, in fact they don't even rate a mention on mine compared to some other feats of pure idiocy. Try and keep things in perspective. Too little too late mate.
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Too little too late are you kidding!!! This is round 2 of 10 so are you going to let them sack 200 and then work overtime to save the Managers? If you do they will cut deeper. Overtime is killing us. Don't come in on my crew and if you try don't sit near me.
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Mahatma, I doubt you even understood a word I said, never said OT was my cup of tea, or are you trying to troll for bait? And I could find better company to sit with bud.
If you think overtimers are the only people doing you no favours then sit happy in your own ignorance (IMHO).
If you think overtimers are the only people doing you no favours then sit happy in your own ignorance (IMHO).
Last edited by Ngineer; 16th Nov 2012 at 10:46.
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I understand this
Sounds like you have given up. Just leave then. Don't ruin what the rest of us are willing to fight for. I don't want anyone around who wants to save Managment by working a stack of hours.
Too little too late mate.