Qantas Annual Report/General Meeting
Thread Starter
Qantas Annual Report/General Meeting
Can/may I urge all staff and small shareholders to lodge a proxy and vote on the resolutions at the forthcoming AGM?
As staff and shareholders have been poorly treated for some years with respect to a dividend drought, votes AGAINST resolutions 3, 4 and 5 would be quite in order and appropriate. Is it not about time that those at the top get the message in no uncertain terms that QF is not a feast (feeding frenzy?) for them and them alone?
As staff and shareholders have been poorly treated for some years with respect to a dividend drought, votes AGAINST resolutions 3, 4 and 5 would be quite in order and appropriate. Is it not about time that those at the top get the message in no uncertain terms that QF is not a feast (feeding frenzy?) for them and them alone?
ken you are absolutely right in what you say but unfortunately the suits from the big super funds have already delivered the result.
The board and CEO will continue on their merry way to continued bonuses and NPS schemes designed to benefit only one thing, themselves.
One day, the fund managers might wake up and actually ask some serious questions about the pup they've been sold, but until then, life goes on as usual for the board, staff, and individual shareholders.
I just hope Jack Tilburn doesn't blow a head gasket at this years AGM.
Mind you I wouldn't be surprised considering the response he received from the chairman last year, regarding dividends.
Still though, reduced passengers carried on qantas metal seems to be all the rage these days, so lets watch the board and ceo justify their existence one more time and feed the pup for another year.
The board and CEO will continue on their merry way to continued bonuses and NPS schemes designed to benefit only one thing, themselves.
One day, the fund managers might wake up and actually ask some serious questions about the pup they've been sold, but until then, life goes on as usual for the board, staff, and individual shareholders.
I just hope Jack Tilburn doesn't blow a head gasket at this years AGM.
Mind you I wouldn't be surprised considering the response he received from the chairman last year, regarding dividends.
Still though, reduced passengers carried on qantas metal seems to be all the rage these days, so lets watch the board and ceo justify their existence one more time and feed the pup for another year.
Thread Starter
Cactusjack
Do you intend to be obnoxious, or is that something that comes naturally to you? Take your pusillanimous attitude elsewhere!
hotnhigh
Agreed, but a sizeable shareholder 'revolt' might have an impact. Silly old gits will be ignored, even made fun of, no matter how sincere and right they are. I wonder if Stephen Mayne and the ASA will be voicing negative opinions and recommendations?
Do you intend to be obnoxious, or is that something that comes naturally to you? Take your pusillanimous attitude elsewhere!
hotnhigh
Agreed, but a sizeable shareholder 'revolt' might have an impact. Silly old gits will be ignored, even made fun of, no matter how sincere and right they are. I wonder if Stephen Mayne and the ASA will be voicing negative opinions and recommendations?
Go the AGM and ask what happened to the firm 20 orders for the A380. And ask where the 110 A320s are going and how are they going to fund them?
The only way to unseat a dictatorship is make some of the followers question the lack of wisdom of the leader
The only way to unseat a dictatorship is make some of the followers question the lack of wisdom of the leader
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Agreed, but a sizeable shareholder 'revolt' might have an impact. Silly old gits will be ignored, even made fun of, no matter how sincere and right they are. I wonder if Stephen Mayne and the ASA will be voicing negative opinions and recommendations?
Go to the AGM and ask what happened to the firm 20 orders for the A380. And ask where the 110 A320s are going and how are they going to fund them?
and a interesting story from the smh today below
Qantas has warned that a pick-up in business confidence has failed to translate into an increase in demand for flights, forcing it to predict that returns from fares will fall in the first half.
Shares in Qantas fell as much as 5 per cent immediately after the airline forecast today that group yields – or returns from fares – will drop by between 2 and 3 per cent in the first half of the new financial year. In afternoon trade the shares were down 1.7 per cent at $1.4525, after earlier in the day rising more than 3 per cent.
It includes in the forecast the performance of budget offshoot Jetstar.
Read more: Qantas flags sagging returns from fares
Shares in Qantas fell as much as 5 per cent immediately after the airline forecast today that group yields – or returns from fares – will drop by between 2 and 3 per cent in the first half of the new financial year. In afternoon trade the shares were down 1.7 per cent at $1.4525, after earlier in the day rising more than 3 per cent.
It includes in the forecast the performance of budget offshoot Jetstar.
Read more: Qantas flags sagging returns from fares
Last edited by TIMA9X; 18th Oct 2013 at 05:33.
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It shouldn't surprise anyone that pressure on fares (yield) should continue.
AJ proudly announced that the arrival of the JQ 787 will continue to provide the opportunity for more people to travel more often for LESS.
When you've got a business model that focuses on reducing fares. What else would one expect.
AJ proudly announced that the arrival of the JQ 787 will continue to provide the opportunity for more people to travel more often for LESS.
When you've got a business model that focuses on reducing fares. What else would one expect.
According to AJ Qantas only ever ordered 12 ...hmmm... the transformation process rolls on... clip of the AGM podcast here for those still interested
Sadly, my golf handicap is not improving as it should be with so much time free of duty.
short flights long nights
May I ask, what was discussed about 777s?
One day, the fund managers might wake up and actually ask some serious questions about the pup they've been sold,
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36mins AJ says, "and Emirates will be making the wrong decisions about what they need for their future fleet."
In relation to a question on why Qantas haven't sought the 777.
In relation to a question on why Qantas haven't sought the 777.
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36mins AJ says, "and Emirates will be making the wrong decisions about what they need for their future fleet."
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I think AJ was meant to say "Qantas will be making the wrong decisions about their future fleet"...Very apt I think!
The fact is QF has the wrong fleet!..Has been like that for 10 years plus!..
And then you get the worlds most efficient jet...and give it to the low cost carrier so you can fly bogans to Bali for $100, instead using it for its "loss making" International ops!...and bizarrely nobody actually questions that!!!
In engineering, there is now a move to make up Operation managers to sit next to the Duty Maint Manager to apparently relieve him of some of his heavy workload!!.I've never heard such bull****!.yet another layer of management..where will it end???..
It must be to go hand in hand with the grossly inefficient MXI system that they paid $300 million for!!..
Add all of the above to the mind numbing sets of procedures and regulations that now stand in the way of doing, what was a straight forward job, it's very clear to see that Qantas has finally lost the plot!!!!!!
The fact is QF has the wrong fleet!..Has been like that for 10 years plus!..
And then you get the worlds most efficient jet...and give it to the low cost carrier so you can fly bogans to Bali for $100, instead using it for its "loss making" International ops!...and bizarrely nobody actually questions that!!!
In engineering, there is now a move to make up Operation managers to sit next to the Duty Maint Manager to apparently relieve him of some of his heavy workload!!.I've never heard such bull****!.yet another layer of management..where will it end???..
It must be to go hand in hand with the grossly inefficient MXI system that they paid $300 million for!!..
Add all of the above to the mind numbing sets of procedures and regulations that now stand in the way of doing, what was a straight forward job, it's very clear to see that Qantas has finally lost the plot!!!!!!
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Qantas became a bigger basket case the day that 'wee man' took over from Dicko. The amount of ridiculous decisions, floundering over commitments and the way management change their minds more than a kid in a toy shop is not the way the airline used to operate. At best it is Adhoc, frantic, undisciplined and bordering on an organisation with ADHD. And I am talking about management.
The place is not attractive to investors, not when there ain't so much as an air of stability or the glimpse of a strong management lead strategic front.
It is like looking at a 747 classic in all its beauty, stripped down to nothing but some rusty spars. Sad indeed for the good people who still work for the Roo.
The place is not attractive to investors, not when there ain't so much as an air of stability or the glimpse of a strong management lead strategic front.
It is like looking at a 747 classic in all its beauty, stripped down to nothing but some rusty spars. Sad indeed for the good people who still work for the Roo.
Last edited by Paragraph377; 21st Oct 2013 at 03:37.
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Couldn't agree more..All we hear are excuses,excuses,excuses from the CEO..Everyone's fuel bill has gone up, so what you gonna do to counteract that..err nothing!!.QF is a top heavy managed company with some managers who perhaps shouldn't be in their positions..But you have to lead from the top and the top hasn't a clue how to counteract the competition.They cancel premium routes handing them to JQ, make hair brain decisions about strategy, and basically put all effort and expenditure into JQ!..
I believe the agenda is to run QF Int into debt, explain they can't continue & need to restructure handing out new pay & conditions to the LH Pilots and kick out any Union involvement !..This I believe is LC's aim before he stands down!..
If they continue to run QF as they are, there will be no Qantas in 5 years!!..
Unfortunately QF is 80% owned by 3 or 4 funds, and they think AJ & Co are the best thing since sliced bread!..even though......
QF hasn't paid a dividend for 4 years, shareholder value has been eroded, very low staff morale & engagement, Inspite of what was said at the AGM!
VA is closing in fast on Domestic, and they're losing pax in droves to other carriers , probably because they don't fly anywhere!!!!...
They've also just spent millions buying back shares since sept ...and the share price is still going down!!!!!
Go figure!
I believe the agenda is to run QF Int into debt, explain they can't continue & need to restructure handing out new pay & conditions to the LH Pilots and kick out any Union involvement !..This I believe is LC's aim before he stands down!..
If they continue to run QF as they are, there will be no Qantas in 5 years!!..
Unfortunately QF is 80% owned by 3 or 4 funds, and they think AJ & Co are the best thing since sliced bread!..even though......
QF hasn't paid a dividend for 4 years, shareholder value has been eroded, very low staff morale & engagement, Inspite of what was said at the AGM!
VA is closing in fast on Domestic, and they're losing pax in droves to other carriers , probably because they don't fly anywhere!!!!...
They've also just spent millions buying back shares since sept ...and the share price is still going down!!!!!
Go figure!
I believe the quote from the crew was "8,000L" which is more along the lines of 6.3T.
Compared to what? An aircraft with a full load of pax and freight.
It's a saving, but it's not amaaazing.
Compared to what? An aircraft with a full load of pax and freight.
It's a saving, but it's not amaaazing.
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The only thing amaaaaaaaaazing about Jetstar is the paper profit that is concocted every year from the revenue/cost allocation procedures of the dickheads running the show.
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Looking at the 330 fleet reconfiguration, (both 332 + 333) will be unified in configuration & product. It seems more likely that the 332's will be mixed deployed on the asian routes that they were previously serving instead of potential 789 orders OR the 789 would replace the 333's in a long term proposition.
As we enter the 'maturing' stage of the mining boom there will be less FIFO workers and so a decrease in E/W + intraWA mainline sectors. A wad of 738's redeployed on east coast triangle and the now 330's serving E/W redeployed to asia.
As we enter the 'maturing' stage of the mining boom there will be less FIFO workers and so a decrease in E/W + intraWA mainline sectors. A wad of 738's redeployed on east coast triangle and the now 330's serving E/W redeployed to asia.
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Unfortunately QF is 80% owned by 3 or 4 funds, and they think AJ & Co are the best thing since sliced bread!..even though......
what bugs me as well, when you couple these 3 or 4 funds (bean counters) with the oversupply of consultants (bean counters) employed by Qantas management (you guessed it, bean counters) in the last 12 months says to me they are not the right mix for making the right decisions in running a 93 year old airline. Some say it's the blind leading the blind and the last 5 year share graph doesn't paint a pretty picture for the current leaders, LC & AJ etc.
They've also just spent millions buying back shares since sept ...and the share price is still going down!!!!!
Go figure!
Go figure!
One proprietary document that stood out in the in tray (which will probably be recycled in the business media tomorrow) expressed surprise at the negative guidance, said that free cashflow would be negative in the first half of FY14, and said it believed Qantas was being outperformed by Virgin Australia on revenue and that international competitors had benefited from its Emirates alliance, which has seen former Qantas customers supposed to fly Emirates and pretend it is Qantas refusing to do as they were told and going elsewhere.
And this was a Qantas friendly assessment in that it gently bemoaned the impatience of the market and accorded a valuation of $1.70 on Qantas shares.
And this was a Qantas friendly assessment in that it gently bemoaned the impatience of the market and accorded a valuation of $1.70 on Qantas shares.
Monday's report ABC the business
And for those interested, this video was compiled focused on the last three years reporting seasons 2011-2013 from Qantas which I am sure many will agree the message has become very confused as to which direction the company is headed, for me, it's all over the place and too focused on J* Asia which is now relying on the 787 saving the day..?
Last edited by TIMA9X; 21st Oct 2013 at 15:27. Reason: update video