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QF Shares hit $1.00 Discuss

Old 13th Jun 2012, 06:05
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If those three invest, it will be nothing more than a rerun of Ansett. I don't think I could stomach another one.
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Old 13th Jun 2012, 06:53
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I admit to not knowing much about the share market, running a company, or M & A, yet everything that I am reading tends to indicate insider trading...

When do the authorities become involved in such madness?
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Old 13th Jun 2012, 07:14
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Why am I getting calls from investment advisors asking about the feeling within the employee groups?
Are they asking how the employees feel about QF management, or are these investment advisors showing a sudden empathy for the internal organs of those employees after decades of shafting
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Old 13th Jun 2012, 07:55
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fed sec asks.

Why am I getting calls from investment advisors asking about the feeling within the employee groups?

It is good advisors are contacting other people beyond the usual corporate contacts.

I am heartened by this and means they are not convinced about the info being put out officially .

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Old 13th Jun 2012, 09:40
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I'd be interested to know if the alleged six CEO's that rang AJ with congratulations during the grounding, would still be high - fiveing him and raising their glasses to toast AJ, wishing they could do the same in their respective organisations ?.

It just boggles the mind.
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Old 13th Jun 2012, 10:03
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Does this answer your question, SDT?

Date: 12 June 2012

Qantas’ Joyce is the new IATA Chairman

Beijing - The International Air Transport Association (IATA) announced that Qantas Airways CEO and Managing Director Alan Joyce has assumed his duties as Chairman of the IATA Board of Governors. Joyce succeeds KLM President and CEO Peter Hartman, whose one-year term expired at the conclusion of the Association’s 68th Annual General Meeting (AGM) and World Air Transport Summit in Beijing. Joyce’s appointment is effective immediately and is for one year, ending with the conclusion of IATA’s 69th AGM, to be held in Cape Town, South Africa.

A 24-year veteran of the airline industry, Joyce has led Qantas since November 2008. He was CEO of Jetstar from 2003 to 2008. Prior to that, he spent over 15 years in leadership positions at Qantas, Ansett, and Aer Lingus. Joyce is the third Qantas CEO to serve as Chairman of IATA’s Board of Governors, following most recently James Strong (1999-2000).

“IATA plays a critical role in the industry and I am honored to take on the role of leading its Board of Governors. The top priorities, as always, will be safety, security, and sustainability. On top of that, I want to see IATA continue to deliver value to its members by being a strong advocate for the industry. Aviation delivers enormous economic benefits—supporting some 57 million jobs and $2.2 trillion in economic activity. We need to ensure that governments understand what is at stake when they are making key decisions on taxes, regulation, and capacity expansion,” said Joyce.

“Our Association owes a debt of gratitude to Peter Hartman, for his resolute leadership of IATA during a challenging year. The European sovereign debt crisis put new pressures on the air transport industry. Along with this, global political tension rose as a result of Europe’s unilateral and extra-territorial inclusion of aviation in its Emissions Trading Scheme,” said Tony Tyler, IATA’s Director General and CEO. “I would also like to thank Peter for his personal support and guidance during my first year in office.

“I am confident that Alan is the right person to lead IATA’s Board of Governors as the Association strives to deliver even greater value to our members. Our ambitious agenda over the next year includes developing the foundation standards for a new distribution capability, pushing forward progress on Checkpoint of the Future, and working through the International Civil Aviation Organization to achieve a global approach on positive economic measures to help manage aviation’s 2% contribution to manmade carbon emissions. All of this will be done in an economic environment that is likely to become even more challenging,” said Tyler.

IATA also announced that the Board of Governors appointed Richard Anderson, CEO of Delta Air Lines, to serve as Chairman from June 2013, following Joyce’s term.

For more information, please contact:
Corporate Communications
AGM Media Centre Tel: +86 10 6505 0879
Email: [email protected]

Last edited by Adamastor; 13th Jun 2012 at 10:03.
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Old 13th Jun 2012, 10:50
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Pffft,,,,,,,,,, fluff.

They've already announced next years Chairman ( from Jun 2013 ).
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Old 13th Jun 2012, 17:02
  #128 (permalink)  
 
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Tony..tell us this is your worst nightmare!

Lots of jive about QF being worth more in bits than as a whole...generally by those who couldn't pick their own mother in a line-up.

The engine room of QF Group is the FF program. Without QF Intnl...the FF program is dead. It has been used to make QF domestic look good at the expense of intnl simply to meet the objectives of the board and AJ.

Dickson,Clifford and their bunny Joyce have set the snowball off down the hill but have no idea what will happen next. When Willie is singing your praises...God help us.

Last edited by Traffic; 13th Jun 2012 at 17:03.
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Old 13th Jun 2012, 22:54
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FYI

Fight, flight or fright for Qantas?

By Ticky Fullerton
Updated June 14, 2012 07:51:54
Photo: Qantas has weathered fuel prices, SARS, terrorism and a recalcitrant Australian dollar, but is the end nigh? (Tim Wimborne: Reuters) (Tim Wimborne: Reuters)

Surely this has to be Alan Joyce's annus horribilis? Shares in the flying kangaroo hopped under a dollar on Friday before being saved by 'vulture thinking' of a potential takeover.
A major restructure announced in August last year flagging a thousand job cuts and two new Asian carriers, was within a few weeks overshadowed by an unprecedented grounding of Qantas flights worldwide. Then in May another restructure, this time more cosmetic, perhaps to reveal more clearly to the market (and the unions) just how much of a dead weight Qantas International had become. That reality emerged just two weeks later: a downgrade revealing a 90 per cent drop in annual profit for the Group with the international division to lose $450 million. And so finally, a 34 per cent skydive in the share price.
The massive expansion of particularly sovereign backed Middle Eastern airlines has meant that today, just 18.7 per cent of passengers travel in and out of Australia on a Qantas plane. And a Chinese onslaught is only just beginning: China Southern being the latest, last week announcing its new London Guangzhou Sydney flight, the Canton route, in direct competition to the Kangaroo route. Meanwhile, there's not a word more from Qantas on the premium hub that might be developed in Asia.

Full article: Fight, flight or fright for Qantas? - The Drum (Australian Broadcasting Corporation)

Last edited by BrandiNettIB; 25th Jun 2012 at 19:27. Reason: Quotes full article
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Old 14th Jun 2012, 01:11
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Frustration

What I find most frustrating over this whole debacle is the media keep asking the wrong questions. This article is typical. I can find a dozen on the web from all around the world, from all different sources all repeating the same item "Qantas International is a basket case and is losing X millions"

Whan will Four Corners or some whistle blower come out with the accounting numbers from Qantas that prove or disprove this! When will Joyce et al get put under sustained pressure to open the books and show how the costings are awarded in the Qantas group.

I agree that change needs to happen, but what is occuring is so disheartening and Un-Australian.
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Old 14th Jun 2012, 01:14
  #131 (permalink)  
 
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Qantas CEO Alan Joyce "very p*ssed off" with Boeing over 787 Dreamliner delays - Flights | hotels | frequent flyer | business class - Australian Business Traveller

Let's blame everybody else except me - I am perfect

Joyce also says the airline had been hit with its "highest ever" fuel bill, which is likely to nudge A$4.4 billion for the year to June 30 – an increase of $700m over the previous 12 months.
Joyce said he was "very pissed off" with Boeing for the 787's late arrival, as the next-gen jetliner had "an unbelievably lower cost base".
This includes drinking 20 per cent less fuel and a longer period between maintenance checks compared to today's aircraft.

Last edited by 1a sound asleep; 14th Jun 2012 at 08:43.
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Old 14th Jun 2012, 02:46
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Heard on radio 6PR, Perth, 1030 'Financial Report', that

Lindsay Fox and (Paul ?) Little are making a take-over bid.......

Interesting..... (AAh, to have that much $$'s...)
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Old 14th Jun 2012, 02:59
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1a sound asleep:
May I, respectfully, suggest you have a read of the PPRUNE CHANGE OF PRIVACY POLICY thread?
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Old 14th Jun 2012, 03:04
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Possible???...An Australian consortium purchases Qantas, splits the company into two, on-sells the domestic unit to international interests, routes, rights and all, and collects huge payout; dissolves the international unit or operates as Jetstar, sells the routes, aircraft and collects huge payout; sells off other assets and collects huge payout. Not a bad deal to be part of.
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Old 14th Jun 2012, 03:17
  #135 (permalink)  
 
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who ran down the roo?, michael pascoe

Qantas: who ran down the roo?
The message is out now well and truly.
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Old 14th Jun 2012, 04:02
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who ran down the roo?, michael pascoe
Finally, an article by a mainstream journalist who has a high public profile. Maybe Ben Sandilands is no longer the sole voice in the wilderness who is asking the right questions!
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Old 14th Jun 2012, 04:10
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... from all different sources all repeating the same item "Qantas International is a basket case and is losing X millions"
maybegunnadoo,

If you open your mind for a second you may realise, that maybe, just maybe, what they are all saying is actually the truth.

While your mind is open, try looking at this question from a different angle:

How can Qantas International NOT be in big trouble given:

1. The huge decline, and expected continued decline, in their market share;
2. Their significantly greater labour costs as compared to their competitors?

Last edited by FGD135; 14th Jun 2012 at 04:11.
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Old 14th Jun 2012, 04:22
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I think this market share is a complete distraction. The key is load factors and revenue. If the market has grown and new entrants have come in, then other than pressure on prices it should have minimal effect provided costs are contained.

Some costs at the Rat are certainly higher than competition (eg CEO wages and ex CEO payouts) but would you believe this lot on anything they sprout without seeing the facts first??

Seems to me the real issues are wrong/inefficient fleet and withdrawal from revenue routes without replacement which will undoubtedly make costs look awful.

Its about time there was some non company sourced facts to back up the spin to suit whatever purpose they have.
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Old 14th Jun 2012, 05:32
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FGD,

If you open your mind you would understand that Qantas staff do have open minds. One of managements' more significant failures (and there have been many of them) has been their refusal to communicate with the staff and take advantage of this.

Want to start Red Q to save the company? Fine, you'll have my full support when you can explain exactly what your strategy is and why it will be profitable, particularly in the context of the plethora of unprofitable international subsidiaries we already have.

QF Int is bleeding money and you want me to take a pay cut? No worries at all, but can you explain to my satisfaction the various instances where it appears costs are being transferred from JQ to QF.

How many of the ALAEA's 60 odd questions did they answer? Rather than spend a few dollars and a rainy Saturday afternoon putting together a powerpoint presentation, they'd rather spend $100M and ground the airline. How is that good management?

The reality is most QF staff would like to trust management, but until they start communicating with us in an open and transparent manner it will never happen.
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Old 14th Jun 2012, 05:38
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How can the fuel bill be so excessive when qantas is contracting international services, retiring 747's and classic 737's. Seems to me there is probs with the fuel hedging policy.
? With the oz dollar at record highs, the increased fuel price is offset. I'm no Rhodes scholar but every financial statement this management makes is full of inaccuracies,lies and total distortion of the truth. We all know all additional costs r attributed to international. Come on journo's and other insiders. Do some investigating and the truth can be revealed and perhaps we can export aj and his team offshore for good
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