Feb 21 - Qantas due to release its first-half results today has been caught off guard
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With the cancellation of Syd/sin/fra from 16 April flight attendants have been offered another VCR package, memo states excess crew so needs to be "right sized". Estimated at 220 f/a's. how many excess pilots will this result in from the 747 tech crew?
Another reduction in costs for international when new figures get published at the AGM in 6 months time.
Have pilots ever been offered VCR (voluntary compulsory retrenchment)?
Please excuse spelling/grammar, bourbons going down very well.
Another reduction in costs for international when new figures get published at the AGM in 6 months time.
Have pilots ever been offered VCR (voluntary compulsory retrenchment)?
Please excuse spelling/grammar, bourbons going down very well.
Last edited by indamiddle; 4th Mar 2013 at 11:42.
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SEEK - Job Details
Indamiddle
Expensive QAL Flight Attendants offered VR whilst "Cabin Crew Australia" are being recruited for International Operations.
An exercise in cost reduction for the International Business in "terminal decline".
MC.
Indamiddle
Expensive QAL Flight Attendants offered VR whilst "Cabin Crew Australia" are being recruited for International Operations.
An exercise in cost reduction for the International Business in "terminal decline".
MC.
Last edited by Mstr Caution; 5th Mar 2013 at 03:51.
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The ad is looking for someone with Arabic language skills.
Perhaps there aren't enough in the current group of flight attendants to serve what will be an increasing number of Arabic customers as a result of the EK/QF alliance.
Does anyone know if there is a need?
Is Qantas offering VR to anyone with Arabic language skills?
Perhaps there aren't enough in the current group of flight attendants to serve what will be an increasing number of Arabic customers as a result of the EK/QF alliance.
Does anyone know if there is a need?
Is Qantas offering VR to anyone with Arabic language skills?
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Perhaps there aren't enough in the current group of flight attendants to serve what will be an increasing number of Arabic customers as a result of the EK/QF alliance.
One would argue, why would you offer redundancies to French, German or Italian speaking QF Flight Attendants when AJ's plan is to fly these punters to/from Dubai/Australia legs on Qantas metal to connect with EK's network to Europe.
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Great to see the CP Intl come out today and announce that QF see no need for redundancies, either compulsory or voluntary, based in the next 3 yr flying plan. It also doesn't take into account any 'potential' aircraft purchases "slated for 2016 and beyond".
Maybe now some of the "more senior" folks who were hanging on for a redundancy payout might consider retirement?
And before I get my head bitten off... yes! I have flown with guys who were holding out for redundancy payouts in lieu of straight up retirement.
Maybe now some of the "more senior" folks who were hanging on for a redundancy payout might consider retirement?
And before I get my head bitten off... yes! I have flown with guys who were holding out for redundancy payouts in lieu of straight up retirement.
Maybe now some of the "more senior" folks who were hanging on for a redundancy payout might consider retirement?
So far the massive expansion plans set in stone for Qantas International have left me somewhat underwhelmed. He is (as they all are) being paid to dispense Kool Aid. I reckon they've got pretty good at it too
The reality is that the more senior guys wouldn't be targeted for voluntary redundancy I'm thinking. There would be plenty of S/Os who would be cheaper to pay out and who would consider it.
V-Jet is spot on. The writer of this 'blog' has used the standard speak of 'do not forsee' which means diddly. He is most definitely dispensing the Kool Aid.
Just think about it for a second:
* there is already a surplus of around 300 pilots
* Mainline continues to either lose flying or maintain the status quo from month to month
* the 744 is down over 1000 hours just for the next 2 months.
* 380 now 2-pilot DXB - LHR - DXB so less work for S/Os
Exactly how does all this fit together with DTs statement? Even if all the 744 guys are assigned leave for the next 2 to 3 years there will still be a surplus of several hundred. Why would QF carry such a surplus?
If anyone can provide a sensible, plausible scenario for the next few years where QF actually needs all the pilots it has now (less retirements) I would be glad to hear it. I really would - my job depends on it.
Just think about it for a second:
* there is already a surplus of around 300 pilots
* Mainline continues to either lose flying or maintain the status quo from month to month
* the 744 is down over 1000 hours just for the next 2 months.
* 380 now 2-pilot DXB - LHR - DXB so less work for S/Os
Exactly how does all this fit together with DTs statement? Even if all the 744 guys are assigned leave for the next 2 to 3 years there will still be a surplus of several hundred. Why would QF carry such a surplus?
If anyone can provide a sensible, plausible scenario for the next few years where QF actually needs all the pilots it has now (less retirements) I would be glad to hear it. I really would - my job depends on it.
Conductor,
I have a healthy level of cynicism for anything that comes from above, however I do believe that we will see the 787 around 2016. I think management also need to see that happen, hence they are carrying a "surplus" (it doesn't hurt that they are removing AL and LSL from their liabilities in bulk). If they wanted to make guys redundant, they would have done so over the last few years, or at the very least given them notice. It is an expensive business, and carrying the number of excess crew that we have is not cheap. They are not doing it to be nice and they are not doing it because its the more expensive way to run the business. If there was a dollar in it, we'd all be out on the street right now.
I also believe, for whatever reasons I'm not sure, that the "spin cycle" has started to opinion the other way. JQ has been a little on the nose of late, and they have been pumping the "great success" of the EK alliance. I suspect we will see more of this and the QF Intl books will look good in a few years. It will be interesting to see the responses over the orange fence when this happens.
My career also depends on it!
I have a healthy level of cynicism for anything that comes from above, however I do believe that we will see the 787 around 2016. I think management also need to see that happen, hence they are carrying a "surplus" (it doesn't hurt that they are removing AL and LSL from their liabilities in bulk). If they wanted to make guys redundant, they would have done so over the last few years, or at the very least given them notice. It is an expensive business, and carrying the number of excess crew that we have is not cheap. They are not doing it to be nice and they are not doing it because its the more expensive way to run the business. If there was a dollar in it, we'd all be out on the street right now.
I also believe, for whatever reasons I'm not sure, that the "spin cycle" has started to opinion the other way. JQ has been a little on the nose of late, and they have been pumping the "great success" of the EK alliance. I suspect we will see more of this and the QF Intl books will look good in a few years. It will be interesting to see the responses over the orange fence when this happens.
My career also depends on it!
Qantas’ business not yet back on track
Friday, 3 May 2013
Qantas’ current business transformation strategy will have “cost impacts
within the second half of FY13,” according to the airline’s chief executive Alan Joyce.
The transference of hub operations from Singapore to Dubai comes at an
expense of AU$50 million.
“We’ve always made it clear that long term gain can’t be achieved without the short term cost of transition,” Mr Joyce said.
In August 2011 Qantas Airways identified that its international business was a single source of problems and set about creating a five year strategy in an attempt to turn things around.
The long term goal was to return business back to profitability by 2014.
However, international operations continued to struggle, through to the second half of 2012.
“Last year we made an operating loss during that period,” Mr Joyce said.
“We are [now] seeing aggressive short term responses from our competitors.”
Qantas also has a one-off operating cost of AU$25 million associated with
resolving enterprise agreement back pay issues with their long haul pilots.
On the domestic front, Qantas “does not expect any improvement” during the second half of 2013.
“We still face a tough environment with a high degree of capacity growth in the market, pushing down yields and profitability,” Mr Joyce said.
Despite being unable to provide any profit guidance, Qantas Airways remains confident that they can deliver sustainable returns to shareholders.
“We are well aware that, in aviation, you can expect the unexpected, and we continue to have the flexibility to adapt to any changing circumstances,” Mr Joyce said.
Qantas’ business not yet back on track - Aviation News - etravelblackboard.com
Friday, 3 May 2013
Qantas’ current business transformation strategy will have “cost impacts
within the second half of FY13,” according to the airline’s chief executive Alan Joyce.
The transference of hub operations from Singapore to Dubai comes at an
expense of AU$50 million.
“We’ve always made it clear that long term gain can’t be achieved without the short term cost of transition,” Mr Joyce said.
In August 2011 Qantas Airways identified that its international business was a single source of problems and set about creating a five year strategy in an attempt to turn things around.
The long term goal was to return business back to profitability by 2014.
However, international operations continued to struggle, through to the second half of 2012.
“Last year we made an operating loss during that period,” Mr Joyce said.
“We are [now] seeing aggressive short term responses from our competitors.”
Qantas also has a one-off operating cost of AU$25 million associated with
resolving enterprise agreement back pay issues with their long haul pilots.
On the domestic front, Qantas “does not expect any improvement” during the second half of 2013.
“We still face a tough environment with a high degree of capacity growth in the market, pushing down yields and profitability,” Mr Joyce said.
Despite being unable to provide any profit guidance, Qantas Airways remains confident that they can deliver sustainable returns to shareholders.
“We are well aware that, in aviation, you can expect the unexpected, and we continue to have the flexibility to adapt to any changing circumstances,” Mr Joyce said.
Joyce says-
Like investing in new aircraft, growing routes and expanding.
Short term indeed..........
“We are [now] seeing aggressive short term responses from our competitors.”
Short term indeed..........
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I just used a booking engine to buy a flight from the Middle East to oz (something I regularly do), and lo and behold, the CHEAPEST FLIGHT WAS QANTAS.....by a long margin.
Something is afoot.
Something is afoot.
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Cookies must be enabled. | The Australian
This is bizzare. Now Alan Joyce says that the initial surge in bookings following the EK partnership has tapered off, competitors like CX and SQ have responded aggressively?
Seeing as unprofitable routes like:
SINFRA (highly unprofitable)
BKKLHR
HKGLHR
PERHKG
ADLSIN
AKLLAX
SYDEZE
SINBOM
One PERSIN
have been cut, why isn't QF any more profitable
Qantas profit forecasts slashed after Alan Joyce's warning
BY:STEVE CREEDY From: The Australian May 07, 2013 12:00AM
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DEUTSCHE Bank has slashed its full-year earnings estimate for Qantas by more than 60 per cent after chief executive Alan Joyce revealed last week it was doing it tough in the current fiscal half.
Analysts Cameron McDonald and Entcho Raykovski revised their prediction that the carrier would scrape over the line with an underlying second-half pre-tax profit of $8.8 million to a loss of $135.8m.
That would mean a bigger deficit than last year's equivalent second-half loss of $107m and lowers Deutsche's full-year underlying profit-before-tax forecast from $232m to $87m.
The analysts expect the half to be challenging as aggressive competition from rival carriers erodes yields in both domestic and international markets.
"In our view the pressure on yield will compete away a large portion of the unit costs benefits we previously expected Qantas to achieve in 2H1," they said, adding that it also reflected $25m in back pay the airline had agreed to pay international pilots.
The Deutsche analysts acknowledged that the cut was a "significant downward adjustment" but believed it appropriately reflected the yield headwinds facing the company.
However, they expected the market to focus on the 2014 financial year when benefits from the international transformation program would roll through and the domestic capacity war eased, and kept their share price target unchanged at $1.70 while retaining their "hold" recommendation.
In an otherwise upbeat speech, Joyce told a conference last week that the airline was looking for an improvement next financial year from initiatives introduced across the business.
But he warned there would be cost impacts in the traditionally weaker second half, including the $25m in pilot back-pay and the $50m cost of transferring its hub from Singapore to Dubai.
"We've always made it clear that long-term gain can't be achieved without the short-term cost of transition," he said.
Joyce predicted the airline next financial year would reap the benefits of moves to modernise operations, maximise partnerships, reduce costs and upgrade its product and service.
In the international business, he said major reforms continued and management would look for opportunities to reduce costs and improve productivity.
The domestic Qantas business remained strong but faced a tough environment with a high degree of capacity growth on the market, which was pushing down yields and profitability.
"While we do not expect any improvement this half, capacity growth is alleviating, which will lead to a healthier capacity position in FY14," he said.
Jetstar was progressing as it built scale in Asia.
Separately, Air Pacific has tapped senior executive Aubrey Swift as acting chief executive while the search continues for a permanent replacement for departing boss David Pflieger.
BY:STEVE CREEDY From: The Australian May 07, 2013 12:00AM
Increase Text Size
Decrease Text Size
DEUTSCHE Bank has slashed its full-year earnings estimate for Qantas by more than 60 per cent after chief executive Alan Joyce revealed last week it was doing it tough in the current fiscal half.
Analysts Cameron McDonald and Entcho Raykovski revised their prediction that the carrier would scrape over the line with an underlying second-half pre-tax profit of $8.8 million to a loss of $135.8m.
That would mean a bigger deficit than last year's equivalent second-half loss of $107m and lowers Deutsche's full-year underlying profit-before-tax forecast from $232m to $87m.
The analysts expect the half to be challenging as aggressive competition from rival carriers erodes yields in both domestic and international markets.
"In our view the pressure on yield will compete away a large portion of the unit costs benefits we previously expected Qantas to achieve in 2H1," they said, adding that it also reflected $25m in back pay the airline had agreed to pay international pilots.
The Deutsche analysts acknowledged that the cut was a "significant downward adjustment" but believed it appropriately reflected the yield headwinds facing the company.
However, they expected the market to focus on the 2014 financial year when benefits from the international transformation program would roll through and the domestic capacity war eased, and kept their share price target unchanged at $1.70 while retaining their "hold" recommendation.
In an otherwise upbeat speech, Joyce told a conference last week that the airline was looking for an improvement next financial year from initiatives introduced across the business.
But he warned there would be cost impacts in the traditionally weaker second half, including the $25m in pilot back-pay and the $50m cost of transferring its hub from Singapore to Dubai.
"We've always made it clear that long-term gain can't be achieved without the short-term cost of transition," he said.
Joyce predicted the airline next financial year would reap the benefits of moves to modernise operations, maximise partnerships, reduce costs and upgrade its product and service.
In the international business, he said major reforms continued and management would look for opportunities to reduce costs and improve productivity.
The domestic Qantas business remained strong but faced a tough environment with a high degree of capacity growth on the market, which was pushing down yields and profitability.
"While we do not expect any improvement this half, capacity growth is alleviating, which will lead to a healthier capacity position in FY14," he said.
Jetstar was progressing as it built scale in Asia.
Separately, Air Pacific has tapped senior executive Aubrey Swift as acting chief executive while the search continues for a permanent replacement for departing boss David Pflieger.
Seeing as unprofitable routes like:
SINFRA (highly unprofitable)
BKKLHR
HKGLHR
PERHKG
ADLSIN
AKLLAX
SYDEZE
SINBOM
One PERSIN
have been cut, why isn't QF any more profitable
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How do you grow an airline by selling seats on another ?
The bean counters sure know how to f#%k things up !
The bean counters sure know how to f#%k things up !
Last edited by Ghost_Rider737; 6th May 2013 at 16:13.
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Part 2 of the news article should read.....
Part 2;
"Although the airline has not been able to return a dividend to shareholders in years and the companies performance has slipped some 90% since Alan Joyce came onboard, the outlook for executive bonuses remains very strong, with forecasts predicting executive bonuses (which have remained steady and progressive) will in fact climb higher as management find new and innovative methods to ensure that their personal executive net wealth grows at an exponential rate in line with best corporate greed practise. It is further envisaged that investment in aircraft type, infrastructure, systems and a return of value to investors will take place in the second half of 2026".
"Although the airline has not been able to return a dividend to shareholders in years and the companies performance has slipped some 90% since Alan Joyce came onboard, the outlook for executive bonuses remains very strong, with forecasts predicting executive bonuses (which have remained steady and progressive) will in fact climb higher as management find new and innovative methods to ensure that their personal executive net wealth grows at an exponential rate in line with best corporate greed practise. It is further envisaged that investment in aircraft type, infrastructure, systems and a return of value to investors will take place in the second half of 2026".
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the other elephant in the room
This is bizzare. Now Alan Joyce says that the initial surge in bookings following the EK partnership has tapered off, competitors like CX and SQ have responded aggressively?
All I know, things are changing daily, a lot going on at the moment for both airline groups.
Sir Richard and JB, interview, interesting perspective, for those who missed it.
.