MERGED: Alan's still not happy......
Join Date: Apr 2009
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Frequent flyers hit as airline surcharges fly high despite slump in fuel prices
Qantas charges a fuel fee of $340 for a one-way economy and premium economy ticket to the United States, and $390 for business class.
On flights to Britain and Europe, it charges $285 for economy class, $385 for premium economy and $540 for first and business class.
http://blogs.crikey.com.au/planetalk...-it-seems-yet/
However for air travellers, including those who rely on Qantas and Virgin Australia, or for that matter own shares in them and salivate over the the thought of huge boosts to profitability, the short to medium term outlook is not quite that brilliant. Australia’s major airlines are like most carriers, holders of fuel hedging contracts that have locked them into previously ‘comfortable’ prices that are now highly uncomfortable, and it will take months, maybe running beyond the end of this financial year, for those now onerous hedges to expire.
If oil were to stay low, and lower than the adjustments to the value of the Australian dollar, the benefits to the Australian carriers will be substantial. The big losers will be the hedge issuing banks or financial institutions, a popular thought at any time.
If oil were to stay low, and lower than the adjustments to the value of the Australian dollar, the benefits to the Australian carriers will be substantial. The big losers will be the hedge issuing banks or financial institutions, a popular thought at any time.
Join Date: Jul 2008
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maggot
i think youve missed cfm's point. he's not arguing the wisdom of qfs investment. just the hypocrisy when they complain about other "state backed" airlines doing it
i think youve missed cfm's point. he's not arguing the wisdom of qfs investment. just the hypocrisy when they complain about other "state backed" airlines doing it
Join Date: Jul 2007
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So the half yearly 'profit' we have all been working so hard for is effectively going down the drain by topping up a loss making business in Japan..........nice to know that they can sack hundreds of people but still waste money in stupid ventures like this.
@waren9 yeah I think I'm connecting dots that dont exist. I need a beer, long ass week
Join Date: Nov 2011
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Paging Sunfish, please pick up the white courtesy phone
Interesting little snipet from Friday's AFR. Emirates non-equity takeover looks like it is moving to the next phase. Nothing like having your own Intel operatives installed at the target. What decision or rule change could they possibly want from Canberra?
Rear Window, page 41, AFR Friday 28 Novemeber 2014
Getting the band back After five years working for Qantas's partner airline Emirates in the city good tast forgot, Dubai, Trent Mumford will join Andrew Parker's government relations team at Qantas in January. He will replace Craig Simonetto, who's off to Transurban. Mumford is clearly a fan of Parker (best known as the lucky bastard with a walk-on role in Kevin Spacey's House of Cards). He's previously called Parker boss at Parker & Partners and Emirates.
Join Date: Jul 2006
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More dribble from the Coolaid dispenser
Qantas Airways and Japan Airlines provided a combined equity injection of approximately A$114 million to Jetstar Japan. The investment will support the airlines growth including the launch of International operations in early 2015 - International ticket sales are expected to start before the end of this month - which will enable Jetstar Japan to make the most of the significant potential of the Low Cost Carrier market in the worlds largest economy.
Huh? Worlds largest Economy - Japan!
I thought Japan had the third largest economy by GDP behind the USA & China.
Japans GDP is about one quarter that of the USA.
Qantas Airways and Japan Airlines provided a combined equity injection of approximately A$114 million to Jetstar Japan. The investment will support the airlines growth including the launch of International operations in early 2015 - International ticket sales are expected to start before the end of this month - which will enable Jetstar Japan to make the most of the significant potential of the Low Cost Carrier market in the worlds largest economy.
Huh? Worlds largest Economy - Japan!
I thought Japan had the third largest economy by GDP behind the USA & China.
Japans GDP is about one quarter that of the USA.
Join Date: Mar 2007
Location: australia
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It all makes perfect sense to pump more money into Jetstar Japan now that Japan is officially in Recession.
Kool-Aid all round to celebrate the next traunche of executive bonus'.
Kool-Aid all round to celebrate the next traunche of executive bonus'.
Japan is the most indebted country on Earth as the Yen is devalued 15% as QE Nippon style works it's magic. Keep pumping in the cash chasing the rainbow but never admit their errors of judgement.
Qantas facing more fines over role in air cargo price fixing cartel
Former Qantas head of freight in the US, Bruce McCaffrey, even served eight-months jail for illegal price fixing of cargo shipments. There's a few more I would like to see locked away
Former Qantas head of freight in the US, Bruce McCaffrey, even served eight-months jail for illegal price fixing of cargo shipments. There's a few more I would like to see locked away
Join Date: Nov 2011
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Surely this can't be true? How is this $800k accounted for?
Well this is a rumour network, but...
A skipper of a charter yacht in the whitsundays had ol' Brucey on board and he was laughing and boasting to his mates and blatantly stated that sentence.
"To keep my mouth shut about the failure of the Jetstar business model as a long haul business model"
Feeling the love?
A skipper of a charter yacht in the whitsundays had ol' Brucey on board and he was laughing and boasting to his mates and blatantly stated that sentence.
"To keep my mouth shut about the failure of the Jetstar business model as a long haul business model"
Feeling the love?
Join Date: Aug 2011
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If this is actually true, then it is complete bull****e and should be exposed. Any half decent employment contract would have had a confidentiality clause that would have had the same effect with NO payment.No wonder the place is broken.
Apparently , Brucey wrote a paper stating that the jetstar model was doomed to fail , and Alan was not happy , so Bruce "voluntarily" got into skin care, and was paid forevermore to keep the report buried.
Fits the facts we DO know
Fits the facts we DO know
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If this is actually true, then it is complete bull****e and should be exposed
At a recent love in, the new COO was asked directly why QF needed to have a specific return on capital before investment on new airframes, yet JQ Intl didn't turn a dollar and had the newest aircraft in the fleet. His answer was that he acknowledged the truth in that, but simply wasn't able to answer that question as he didn't know the reason.