Go Back  PPRuNe Forums > PPRuNe Worldwide > Australia, New Zealand & the Pacific
Reload this Page >

Qantas August 23rd announcements

Australia, New Zealand & the Pacific Airline and RPT Rumours & News in Australia, enZed and the Pacific

Qantas August 23rd announcements

Old 24th Aug 2012, 10:46
  #161 (permalink)  
 
Join Date: Jul 2008
Location: Skating away on the thin ice of a new day.
Posts: 1,116
Received 13 Likes on 8 Posts
flarearmed,
The low dollar was a problem years ago (ref Margaret J) , now its the high dollar () even though the majority of earnings are AUD denominated and biggest cost , fuel, is paid for in weak USD.

International has shrunk as the dollar has increased so its relative cost should be ameliorated. but no its costs have grown hugely despite having given away the loss making routes.Something is going wrong with that strategy!

Goodness knows what he'll say when fuel is 200 bucks and the dollar reverts to the mean of about 70 to 80 c per USD.

Then it will be the weak dollar killing Q, nobody in Aus can afford to fly overseas, cant afford expensive USD aircraft , fuel etc.

The high AUD surely does inflict pain on inbound tourism but methinks he complainith too much.

Last edited by ampclamp; 24th Aug 2012 at 23:36.
ampclamp is offline  
Old 24th Aug 2012, 11:00
  #162 (permalink)  
 
Join Date: Jul 2008
Location: sydney
Posts: 57
Likes: 0
Received 0 Likes on 0 Posts
Would appear there is
Something terribly wrong with the fuel
Policy. Airline shrinks, retires older inefficient aircraft, withdraws from loss making routes(Qf words) and with a strong dollar still Can't maintain costs? There is not a word of truth in the reporting. ASIC should be charging all the board n senior management
booglaboy is offline  
Old 24th Aug 2012, 22:15
  #163 (permalink)  
 
Join Date: Jan 2006
Location: S.O.E.
Posts: 139
Likes: 0
Received 0 Likes on 0 Posts
This moron AJ must be taking advice from Gary Toomey. Remember him?
Absolutely.
Dale Hardale is offline  
Old 25th Aug 2012, 00:47
  #164 (permalink)  
 
Join Date: Jun 2009
Location: downunder
Age: 73
Posts: 52
Likes: 0
Received 0 Likes on 0 Posts
The biggest ‘real’ cost that Qantas has is ‘Alan Joyce’. As long as he keeps delaying the aircraft upgrades the further Qantas will fall behind and will just disappear like many of the other iconic brands. How he manages to convince the Qantas board that he is worth his package defies logic, but maybe the whole board needs a refresh. Just goes to prove how well privatisation of government assets works for the citizens.
KrispyKreme is offline  
Old 25th Aug 2012, 01:44
  #165 (permalink)  
 
Join Date: Mar 2006
Location: Melbourne
Posts: 472
Likes: 0
Received 0 Likes on 0 Posts
New Aicraft?

The biggest ‘real’ cost that Qantas has is ‘Alan Joyce’. As long as he keeps delaying the aircraft upgrades the further Qantas will fall behind and will just disappear like many of the other iconic brands. How he manages to convince the Qantas board that he is worth his package defies logic, but maybe the whole board needs a refresh. Just goes to prove how well privatisation of government assets works for the citizens.
What he is really saying is that finance for new and fuel efficient aircraft is not available due to the higher risk lenders face, and the cash reserves will be used to prolong the inevitable demise of the company if no solution to their woes is found. An agreement with Emirates including access to cheaper fuel may be the answer.
AEROMEDIC is offline  
Old 25th Aug 2012, 03:07
  #166 (permalink)  
 
Join Date: Mar 2001
Location: Japan
Posts: 56
Likes: 0
Received 0 Likes on 0 Posts
Aust Fin Review

Here’s the Qantas Catch 22: it can’t afford to spend $8 billion upgrading with 35 Boeing 787s, but how will it be able to compete in a few years’ time without them?

The reason given for cancelling the much-delayed 787s was ‘‘lower growth requirements in this uncertain global context’’. Yet total Australian and regional aviation is growing very nicely – it’s just that Qantas apparently has given up expectations of getting much of it.

And here’s another mystery: chief executive Alan Joyce has been telling everyone that key ingredients in his bottom line loss were high jet fuel prices and the high Australian dollar – but the stronger Australian dollar is something of a natural hedge for high jet fuel prices.

If the Aussie had been weak, then Qantas really would have had a problem paying the fuel bill, as Tony Webber explains (Webber is being modest by not including himself as part of the risk management team that is no longer with the Flying Roo.)

Advertisement
Something isn’t quite adding up in the Qantas story as it’s being officially told – unless the CEO and board are quietly pursuing a strategy of cleaning the business for potential sale with dismemberment either before or after the event.

Yes, there are major obstacles in the form of legislated ownership restrictions, but they can be circumvented, as demonstrated by the Allco/TPG/Macquarie bid in 2006. (Remember that that would-have-been disaster was only stopped by one hedge fund manager’s greedy miscalculation.)

There is no doubting the difficult position Qantas has found itself in - a position the board and CEOs past and present must take responsibility for, for their actions or lack of actions, over the past decade.

Having survived the rise of its old Asian rivals, Singapore and Cathay, by lifting its own game to meet the competition, Qantas now looks set to surrender all but a token presence in Europe in the face of attacking Middle Eastern carriers.

Meanwhile the promise of an explosion in Chinese travel is being met with the launch of another Jetstar brand, this time out of Hong Kong in partnership with one of China’s major airlines. A story about a gingerbread man comes to mind.

One thing’s for sure – Qantas’s institutional shareholders wouldn’t think twice about accepting an offer, any offer.

Michael Pascoe is a BusinessDay contributing editor.




Read more: Qantas 787 Catch 22
Martin VanNostrum is offline  
Old 25th Aug 2012, 04:22
  #167 (permalink)  
 
Join Date: May 2001
Location: Back again.
Posts: 1,140
Likes: 0
Received 0 Likes on 0 Posts
I suspect Joyce and the board already have something in mind. Deride and degrade international to such a seemingly low point and then lead in a knight in shining armour and say "Look what I found!" Everyone thinks they are saved and rejoices.
Lodown is offline  
Old 25th Aug 2012, 07:02
  #168 (permalink)  
 
Join Date: Mar 2007
Location: Brisbane
Posts: 72
Likes: 0
Received 0 Likes on 0 Posts
Qantas August 23rd announcements

If it manages to survive they will still get 787-9's from the 50 options but effectively just delayed 2 years - the options still have guaranteed build/delivery dates. They just got PAID 400M I think it was for this cancellation, ~100 of which they took to profit this FY(clever accounting).
Fly_by_wire is offline  
Old 25th Aug 2012, 07:37
  #169 (permalink)  
 
Join Date: Jul 2010
Location: at home
Posts: 158
Likes: 0
Received 15 Likes on 1 Post
Qantas long haul is never going to see a 787.

By the time they arrive at Q, Long haul will look just like Virgin International. Flying to America and the middle east, using the 380, as long as Alan can afford the fuel bill.
virginexcess is offline  
Old 25th Aug 2012, 11:31
  #170 (permalink)  
 
Join Date: Jul 2012
Location: 3rd Rock
Posts: 37
Likes: 0
Received 0 Likes on 0 Posts
Why don't they sell all their planes and lease them back to improve the bottom line.

Infact they could sell the offices and hangers too and lease them also.

This would be the sort of genius that gets MGMT back their bonuses
catch18 is offline  
Old 25th Aug 2012, 12:08
  #171 (permalink)  
 
Join Date: Oct 2006
Location: Perth
Posts: 503
Likes: 0
Received 0 Likes on 0 Posts
Why don't they sell all their planes and lease them back to improve the bottom line.

Infact they could sell the offices and hangers too and lease them also.
WHY NOT SELL THE WHOLE DAMN LOT .....and start all over again !

At least it will rid us of the tumour that has infected the whole F'IN business

(Apologies to Hudson-Fysh, Baird, and McGuiness)
stubby jumbo is offline  
Old 25th Aug 2012, 12:13
  #172 (permalink)  
 
Join Date: Jun 2008
Location: Sydney
Posts: 498
Likes: 0
Received 0 Likes on 0 Posts
Quote:
Why don't they sell all their planes and lease them back to improve the bottom line.

Infact they could sell the offices and hangers too and lease them also. WHY NOT SELL THE WHOLE DAMN LOT .....and start all over again !

At least it will rid us of the tumour that has infected the whole F'IN business

(Apologies to Hudson-Fysh, Baird, and McGuiness)
Let's just sell the QCA building complete with the management team, and return back to Admin 1 and have QANTAS run by QANTAS people that can actually run a business for the benefit of the company as a whole. We may have to just go back 20 or 30 years in order to advance and be a real competition to the other airlines again.
QF94 is offline  
Old 25th Aug 2012, 12:37
  #173 (permalink)  
 
Join Date: Aug 2009
Location: Lisbon
Posts: 995
Likes: 0
Received 0 Likes on 0 Posts
Let's just sell the QCA building complete with the management team
No no no. Can't sell management, they have brought the stock down in value and left a brown smear all over the airline. The building is worth a couple of cents, but management simply can't be sold in the same package as they cause too much devaluing of the commodity. Perhaps management could be auctioned off seperately, or used as fishing bait, turned into part of the filtering system at Luggage Point in Brisbane, frozen and fired into some engines at Pratt and Whitney's test center, melted down and mixed with cooking oil and be used on a special eco friendly farcicle test flight on some environmental media grabbing spin exercise???

Last edited by Cactusjack; 25th Aug 2012 at 12:38.
Cactusjack is offline  
Old 25th Aug 2012, 13:14
  #174 (permalink)  
 
Join Date: Jun 2008
Location: Sydney
Posts: 498
Likes: 0
Received 0 Likes on 0 Posts
No no no. Can't sell management, they have brought the stock down in value and left a brown smear all over the airline. The building is worth a couple of cents, but management simply can't be sold in the same package as they cause too much devaluing of the commodity. Perhaps management could be auctioned off seperately, or used as fishing bait, turned into part of the filtering system at Luggage Point in Brisbane, frozen and fired into some engines at Pratt and Whitney's test center, melted down and mixed with cooking oil and be used on a special eco friendly farcicle test flight on some environmental media grabbing spin exercise???
Too much effort. Couldn't be bothered. Just sell QCA with them in it and get what we can. The "loss" of them will bring great rewards and profits back into the company.
QF94 is offline  
Old 25th Aug 2012, 21:05
  #175 (permalink)  
 
Join Date: Aug 2007
Location: sydney
Posts: 1,615
Received 599 Likes on 169 Posts
The building was sold in the early ninties on a 15 year lease with 5% per annum rent rise if my memory serves me correctly and then re sold last year. So that piece of furniture has long been burnt to keep the house warm.
dragon man is online now  
Old 25th Aug 2012, 23:47
  #176 (permalink)  
 
Join Date: May 2007
Location: Darwin
Posts: 339
Likes: 0
Received 0 Likes on 0 Posts
Remember Strong and Toomey made profits by selling everything that wasn't bolted down.

They then failed to reinvest in a fleet renewal program, starting the rot that eats away at Qantas today.
What The is offline  
Old 26th Aug 2012, 06:17
  #177 (permalink)  
 
Join Date: Jun 2008
Location: Sydney
Posts: 498
Likes: 0
Received 0 Likes on 0 Posts
Remember Strong and Toomey made profits by selling everything that wasn't bolted down.

They then failed to reinvest in a fleet renewal program, starting the rot that eats away at Qantas today.
Good to see old habits die hard. At least they're consistent. Stupid but consistent.
QF94 is offline  
Old 26th Aug 2012, 07:02
  #178 (permalink)  
 
Join Date: Aug 2008
Location: Za farzer land
Age: 53
Posts: 163
Likes: 0
Received 0 Likes on 0 Posts
Virgin and JBs number one marketing manager is Alan Joyce.

Unfortunately, You cant keep your good airline credit rating buying 787s for Qantas when you have 135 A320s on order.
Fruet Mich is offline  
Old 26th Aug 2012, 09:36
  #179 (permalink)  
 
Join Date: Jul 2007
Location: Australia
Age: 74
Posts: 1,381
Likes: 0
Received 1 Like on 1 Post
Unfortunately, You cant keep your good airline credit rating buying 787s for Qantas when you have 135 A320s on order.
What exactly do you mean by that??
Arnold E is offline  
Old 26th Aug 2012, 10:11
  #180 (permalink)  
 
Join Date: Nov 2007
Location: Europe
Posts: 189
Likes: 0
Received 2 Likes on 1 Post
So where do the 135 A320s go. Is that part of the capacity war against virgin?
mikk_13 is offline  

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.