MERGED: Alan's still not happy......
I subscribe to a simpler motive. I believe that the ten or so fund managers that control a big chunk of our shares all enjoy the silent dividend of Chairman's Lounge, free F class travel etc. Since none of them are playing with their own money it becomes a simple rort to be enjoyed as long as the ride is still running.
The share price is bumping along at a natural bottom, and a case can be made that the break-up value is close to the share price, so not too much risk. No real returns either, but that can be masked by only having a small holding compared to the total fund's portfolio.
A hedge fund may be angling to make a play when the QSA is repealed, or sooner via a local proxy, but to suggest an active conspiracy including the board and executive is to suggest that the risk of discovery and punishment is too small. (It may well be since ASIC is so...useless, but the risk/reward ratio seems unlikely).
Ultimately, it is entirely possible that Qantas, like scores of airlines before it, is simply suffering at the hands of monumental ineptitude.
The share price is bumping along at a natural bottom, and a case can be made that the break-up value is close to the share price, so not too much risk. No real returns either, but that can be masked by only having a small holding compared to the total fund's portfolio.
A hedge fund may be angling to make a play when the QSA is repealed, or sooner via a local proxy, but to suggest an active conspiracy including the board and executive is to suggest that the risk of discovery and punishment is too small. (It may well be since ASIC is so...useless, but the risk/reward ratio seems unlikely).
Ultimately, it is entirely possible that Qantas, like scores of airlines before it, is simply suffering at the hands of monumental ineptitude.
The end result is a privately owned national flag carrier with 65% of the domestic market and perhaps 50% of the international market. Profit baby! Profit!
It is also unlikely that QF domestic can maintain 65%. Duopolies tend to find that profit is maximised if you go for the even split or roundabouts, witness Boeing/Airbus, Visy/Amcor, Coles/Woolies etc. 65% requires investment to maintain and the profit gained on the last 10-15% just isn't worth the cost.
I subscribe to a simpler motive. I believe that the ten or so fund managers that control a big chunk of our shares all enjoy the silent dividend of Chairman's Lounge, free F class travel etc. Since none of them are playing with their own money it becomes a simple rort to be enjoyed as long as the ride is still running.
The share price is bumping along at a natural bottom, and a case can be made that the break-up value is close to the share price, so not too much risk. No real returns either, but that can be masked by only having a small holding compared to the total fund's portfolio.
A hedge fund may be angling to make a play when the QSA is repealed, or sooner via a local proxy, but to suggest an active conspiracy including the board and executive is to suggest that the risk of discovery and punishment is too small. (It may well be since ASIC is so...useless, but the risk/reward ratio seems unlikely).
Ultimately, it is entirely possible that Qantas, like scores of airlines before it, is simply suffering at the hands of monumental ineptitude.
The share price is bumping along at a natural bottom, and a case can be made that the break-up value is close to the share price, so not too much risk. No real returns either, but that can be masked by only having a small holding compared to the total fund's portfolio.
A hedge fund may be angling to make a play when the QSA is repealed, or sooner via a local proxy, but to suggest an active conspiracy including the board and executive is to suggest that the risk of discovery and punishment is too small. (It may well be since ASIC is so...useless, but the risk/reward ratio seems unlikely).
Ultimately, it is entirely possible that Qantas, like scores of airlines before it, is simply suffering at the hands of monumental ineptitude.
Though I do think it is more than a "possibility" Qantas is in the hands of monumental ineptitude; it is proven fact!
In 2006 Tom Horton, the American Airlines CEO, (the highest paid Airline Executive in the world at the time) stated that you "can't bank market share" and earned $20 million in two years and left and of course the rest is history(Chapter 11). The second highest paid was Geoff Dixon. One can only think that the current management team will continue to run the airline down until it is in such a state that they will be able to avoid it's employee liabilities. The problem is there will be NO airline left in Australia owned by Australians and we will rely on overseas' carriers to do the heavy lifting. Of course the current Government is so naive that they believe everything management tell them. If they bought 25% and did some due diligence on the the last 5 years they will see what the real plan is. As was uttered so many times in the US "the assets will go private the and debt will go public". In the current political vacuum of decency and honesty (Nick Xenophon excepted) do not expect anything to be done about it anytime soon.
Last edited by busdriver007; 5th May 2014 at 09:03.
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To quote Shakespeare ' there is something rotten in the State of Denmark' - we have seen over the last few weeks with ICAC that the Political institutions are openly flawed.
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QF A380 to DFW
Strong rumours that the A380 will be taken off HKG in September and replaced by 747. A380 to go SYD-DFW-SYD as of October 1. Can anyone confirm.
I only ask as DFW will be 380 ready as of then.
Thanks
I only ask as DFW will be 380 ready as of then.
Thanks
Taking the 380 off Hong Kong won't free up enough to do Dallas. The rumour earlier this year was that the MLB/LAX/MLB would go back to the 747 to allow Dallas to go to the 380. The flight planners say it can go direct to Sydney with 100 seats blocked out.
A380 to go SYD-DFW-SYD as of October 1. Can anyone confirm.
The flight planners say it can go direct to Sydney with 100 seats blocked out.
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A couple of points that are getting confusing ...
I think GB means DFW-BNE .. I wouldn't know if the seat-mile cost comparison was the case or not, but certainly on DFW-SYD (if that is what the flight planners are talking about) then the A380 would have the lower seat mile costs ... since that is a route that is not achievable by the ER.
Interesting that even on DFW-SYD that the A380 would probably still not have full fuel tanks. Not sure if 380 seats is achievable, but that looks like it might be, given that with reduced pax and cargo you could probably get another 20 t of fuel on, more than enough for the extra hour or so's flying.
N
PS .. The reason for the switch to the A380 and direct SYD (if that is what happens) would be to do with Emirates flying into DFW from the other direction. A round the world A380 service. A couple of new QF heavyweight A380s? .... (insert favourite quote from the Castle here)
I think GB means DFW-BNE .. I wouldn't know if the seat-mile cost comparison was the case or not, but certainly on DFW-SYD (if that is what the flight planners are talking about) then the A380 would have the lower seat mile costs ... since that is a route that is not achievable by the ER.
Interesting that even on DFW-SYD that the A380 would probably still not have full fuel tanks. Not sure if 380 seats is achievable, but that looks like it might be, given that with reduced pax and cargo you could probably get another 20 t of fuel on, more than enough for the extra hour or so's flying.
N
PS .. The reason for the switch to the A380 and direct SYD (if that is what happens) would be to do with Emirates flying into DFW from the other direction. A round the world A380 service. A couple of new QF heavyweight A380s? .... (insert favourite quote from the Castle here)
Last edited by noip; 7th May 2014 at 00:50.
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380 is useless elephant
Let me say one thing for all those speculating about 380 to be used for DFW route, it is just not technically possible, this airplane is only desinged for routes less than 9 hours flying time, you can stretch it for more than 9 hours provided jet fuel is as cheap as water or reducing the load weight by 30%, then it is possible to be profitable to do so.
It to start in September six days a week.
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Adjustments will be made to the mix of A380s and B747s flying on the Sydney to Hong Kong route in order to facilitate the upgrade to Dallas services.
Sydney-Dallas-Sydney. No more Brisbane.
Last edited by SandyPalms; 7th May 2014 at 05:23.
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SYD-DXB-SYD on A380 (missing from above)
Qantas customers to experience world-class A380 services to Dallas/Fort Worth
Adds 10% to number of seats and First cabins
QF9/10 A380 retimings
QF9 MEL-DXB 2255-0705+1. Arrive LHR 1340.
QF10 LHR-DXB 1330-2325. Arrive MEL 2055+1.
Provides a lot more EK connections in DXB than the current timing - only 4 connections in under 4 hours... Now you get the whole of the morning cycle.
Customers travelling from Melbourne to Europe will have access to 17 round-trip connections within four hours of landing, compared with 4 under the current timings. Round trip connections for Melbourne customers are:
Athens Hamburg Prague
Copenhagen Milan Rome
Dusseldorf Moscow St Petersburg
Frankfurt Munich Venice
Geneva Nice Vienna
Paris Zurich
Qantas customers to experience world-class A380 services to Dallas/Fort Worth
Adds 10% to number of seats and First cabins
QF9/10 A380 retimings
QF9 MEL-DXB 2255-0705+1. Arrive LHR 1340.
QF10 LHR-DXB 1330-2325. Arrive MEL 2055+1.
Provides a lot more EK connections in DXB than the current timing - only 4 connections in under 4 hours... Now you get the whole of the morning cycle.
Customers travelling from Melbourne to Europe will have access to 17 round-trip connections within four hours of landing, compared with 4 under the current timings. Round trip connections for Melbourne customers are:
Athens Hamburg Prague
Copenhagen Milan Rome
Dusseldorf Moscow St Petersburg
Frankfurt Munich Venice
Geneva Nice Vienna
Paris Zurich
Rumour mill running hot today. 767 and 747 Captains to be offered VR package of one years pay.