MERGED: Alan's still not happy......
I am a little surprised this thread is still active, I mean it's another Q thread & they often get often removed quick smart!
Anyway AJ has a plan & I'll bet my left leg this debacle is something that Joyce will use to his benefit, employees don't come into the equation, they are 'tools' in his toolbox that are to be used for his benefit & the few hangeroners there.
Interesting times ahead indeed, the ugly business of Aviation is about as low as it can go these days.
The original idea of transporting people around the globe has gone, it's now simply a trough for the little pigs to feed from for as long as they can!!
I hope the good folk at Q has their affairs in order best they can.
Wmk2
Anyway AJ has a plan & I'll bet my left leg this debacle is something that Joyce will use to his benefit, employees don't come into the equation, they are 'tools' in his toolbox that are to be used for his benefit & the few hangeroners there.
Interesting times ahead indeed, the ugly business of Aviation is about as low as it can go these days.
The original idea of transporting people around the globe has gone, it's now simply a trough for the little pigs to feed from for as long as they can!!
I hope the good folk at Q has their affairs in order best they can.
Wmk2
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QF is in a spin. Another $2bn of cuts. That will mean poorer service which will see customers go to VA and elsewhere which will mean less revenue and yield which will lead to more cost utting and even poorer service (if that's possible) and more pax loss to VA etc.
Can't afford new planes, can't afford maintenance so need newer planes, its hard to see any kind of happy ending here.
The Rat is finished, VA will become the new national carrier.
Can't afford new planes, can't afford maintenance so need newer planes, its hard to see any kind of happy ending here.
The Rat is finished, VA will become the new national carrier.
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"Qantas has an amazing management team"………I cannot believe those words actually came out of his mouth. hahahaha…my stomach hurts from laughing. This has to be some sad sick joke. Please tell me why he is still there?
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Alan Joyce has manufactured the current crisis.
In Alan's world the JQ multi boarder franchise has been an AMAZING business & an outstanding success. In Alan's eyes the Australian Jetstar operation has been financially propping up the ailing Qantas International business.
The consensus amongst those on Pprune tends to be the Jetstar business has caused the current financial predicament for the Qantas group. The Jetstar expansion has drained capital expenditure that would otherwise have gone to the Qantas mainline operation. Jetstar has utilised Qantas mainline assets & personnel. Whether it be A330 aircraft, Qantas legal, an executive team or the ports offices in Domestic bases. Not to mention Bali JQ staff reported to be on the Qantas payroll. The list of cost allocation has been well discussed and queried to QF management with nil response.
As JQ expanded its operations and was gifted routes, Qantas Mainline A330 aircraft were transferred to Jetstar. Meanwhile JQ continued to recruit new pilots, where mainline pilots lay idle or on forced leave for the last ten years.
What has happened is Jetstar has reached a critical mass, and in my opinion the Jetstar group operations have failed provide adequate returns. Or the returns that Alan forecasted.
Alan would never admit failure with the Jetstar experiment. It's been his baby for the last 10 years.
So now we have a situation where Jetstar may be sold off to save the Qantas group.
Jetstar may get sold. In fact, it wouldn't surprise me if a deal has already been done. Hence the manufacturing of this crisis where the sale of Jetstar will save the Qantas group from imploding.
I did mention some time ago, Joyce was made an offer on the Jetstar Asian businesses. But at the time, the offer wasn't high enough to get the sale across the line.
Perhaps Alan's dropped the asking price?
MC.
In Alan's world the JQ multi boarder franchise has been an AMAZING business & an outstanding success. In Alan's eyes the Australian Jetstar operation has been financially propping up the ailing Qantas International business.
The consensus amongst those on Pprune tends to be the Jetstar business has caused the current financial predicament for the Qantas group. The Jetstar expansion has drained capital expenditure that would otherwise have gone to the Qantas mainline operation. Jetstar has utilised Qantas mainline assets & personnel. Whether it be A330 aircraft, Qantas legal, an executive team or the ports offices in Domestic bases. Not to mention Bali JQ staff reported to be on the Qantas payroll. The list of cost allocation has been well discussed and queried to QF management with nil response.
As JQ expanded its operations and was gifted routes, Qantas Mainline A330 aircraft were transferred to Jetstar. Meanwhile JQ continued to recruit new pilots, where mainline pilots lay idle or on forced leave for the last ten years.
What has happened is Jetstar has reached a critical mass, and in my opinion the Jetstar group operations have failed provide adequate returns. Or the returns that Alan forecasted.
Alan would never admit failure with the Jetstar experiment. It's been his baby for the last 10 years.
So now we have a situation where Jetstar may be sold off to save the Qantas group.
Jetstar may get sold. In fact, it wouldn't surprise me if a deal has already been done. Hence the manufacturing of this crisis where the sale of Jetstar will save the Qantas group from imploding.
I did mention some time ago, Joyce was made an offer on the Jetstar Asian businesses. But at the time, the offer wasn't high enough to get the sale across the line.
Perhaps Alan's dropped the asking price?
MC.
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Yet again we're going to end up with NUMEROUS pages of posts declaring what should be done. PPRUNE is a great resource for info, but it's not going to change your lot in life, it'll just make you bitter. Get out there & do something about the problem.
For goodness sake how transparent is this "shock horror" news!
QF lobby the Government for release from maximum foreign ownership threshold and Abbott is quoted as being cool on the idea. So the little PR people go onto Plan B and release shocking news to try to create urgency in their demands.
As Peter Costello said, at the time AN collapsed, QF was adamant they should receive no government bailout, yet here QF themselves are now, a fully privatized company, trying exactly the same approach?
And if all of the savage cutbacks the genius top management imposed on Qantas were the only way to save the business and yet now after all of these cuts it can't even make a profit in the first (allegedly most profitable) business quarter, what the hell have they done? It would be the first ever such loss since privatization. How can this ineptitude continue to go rewarded?
And if JQ is as profitable as they claim, why the hell would you sell it?
QF lobby the Government for release from maximum foreign ownership threshold and Abbott is quoted as being cool on the idea. So the little PR people go onto Plan B and release shocking news to try to create urgency in their demands.
As Peter Costello said, at the time AN collapsed, QF was adamant they should receive no government bailout, yet here QF themselves are now, a fully privatized company, trying exactly the same approach?
And if all of the savage cutbacks the genius top management imposed on Qantas were the only way to save the business and yet now after all of these cuts it can't even make a profit in the first (allegedly most profitable) business quarter, what the hell have they done? It would be the first ever such loss since privatization. How can this ineptitude continue to go rewarded?
And if JQ is as profitable as they claim, why the hell would you sell it?
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Senator Xeno just called for the resignation of CEO & Board in what was an articulate and well framed statement.
The Senator also raised the issue of the accounting reporting methodology of the Group particularly the revenue masking and the cost xfer from JQ & JQ franchise operations
Worth a listen
The Senator also raised the issue of the accounting reporting methodology of the Group particularly the revenue masking and the cost xfer from JQ & JQ franchise operations
Worth a listen
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If that offer is still on the table, throw in Joyce and Clifford as a bonus for nothing. They are either very very clever or very very inept. Guess history will show which it is.
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Mstr Caution :
Nick Xenophon calls on Alan Joyce and entire Qantas board to resign - ABC News (Australian Broadcasting Corporation)
Very good points he makes, along with some fellow Senators.
The leader of the ACTU (Oliver), on the other hand seems to have no idea!
Nick Xenophon calls on Alan Joyce and entire Qantas board to resign - ABC News (Australian Broadcasting Corporation)
Very good points he makes, along with some fellow Senators.
The leader of the ACTU (Oliver), on the other hand seems to have no idea!
Very good interview by David Speers with Joyce just on sky. Speers directly asked several times how much management had to share the blame for the current predicament. Joyce just couldn't bring himself to admit ANY management shortcomings. It's all the fault of someone else and he and his management are doing a very good job.
Jetstar may be sold off
Management? Knowledge? the NAME?
Certainly, the international routes from OZ can't be.
Just did a quick search at CASA Aircraft registry, there are 80 aircraft with the operator JETSTAR AIRWAYS PTY LIMITED and the Registration Holders Name that 'belong' to QANTAS show 26 aircraft.
Who's paying for the other 54? let me guess.
Point is, what could they sell?
