Go Back  PPRuNe Forums > PPRuNe Worldwide > Australia, New Zealand & the Pacific
Reload this Page >

MERGED: Alan's still not happy......

Australia, New Zealand & the Pacific Airline and RPT Rumours & News in Australia, enZed and the Pacific

MERGED: Alan's still not happy......

Old 7th Dec 2014, 21:48
  #5301 (permalink)  
 
Join Date: Jun 2001
Location: The Wild West
Posts: 1,276
The man is simply an amaaaaaazing CEO
Transition Layer is offline  
Old 7th Dec 2014, 21:56
  #5302 (permalink)  
 
Join Date: May 2004
Location: Melbourne
Posts: 704
The man is simply an amaaaaaazing CEO
Yes, the way he has masterminded sustainable differentiated competitive advantage by manipulating the international oil price is nothing short of... oh, wait...
VH-Cheer Up is offline  
Old 8th Dec 2014, 01:54
  #5303 (permalink)  
 
Join Date: Jan 2014
Location: Adelaide
Posts: 53
Joyce and his strategies have been vindicated.

Onwards and upwards for Qantas.

Alan is now happy and it might be an appropriate time to close off this thread.
CamelSquadron is offline  
Old 8th Dec 2014, 02:13
  #5304 (permalink)  
 
Join Date: Feb 2009
Location: NA
Posts: 10
Joyce and his strategies have been vindicated....Alan is now happy and it might be an appropriate time to close off this thread.
I'm sure that 5000 retrenched employees would disagree. He's still an embarrassment to aviation and Australia and needs to go along with the rest of the board.

Last edited by aeropelican; 8th Dec 2014 at 02:17. Reason: Expanded on quote.
aeropelican is offline  
Old 8th Dec 2014, 02:31
  #5305 (permalink)  
 
Join Date: Oct 2002
Location: The Coal Face
Posts: 507
Qantas shares have soared 14.5 per cent to $2.405 today, after hitting a record-low 95.25 cents in December 2013 amid a market-share war with Virgin.

The airline is the best-performing stock this quarter on the ASX200, up more than 70 per cent since October 1, and the best-performing carrier outside the US with more than $US1 billion in revenues this year.
QANTAS soars ahead

This sounds good in any investors language. Can someone please explain this 'performance'?
Chronic Snoozer is offline  
Old 8th Dec 2014, 02:47
  #5306 (permalink)  
 
Join Date: Jul 2011
Location: here and there
Posts: 82
Maybe it's time for everybody here to consider that the grand plan of Management/the Board is actually working, and the real issue is the changes that have been made are not to your (self-interested) liking.

ramius315 is offline  
Old 8th Dec 2014, 03:05
  #5307 (permalink)  
 
Join Date: Aug 2007
Location: sydney
Posts: 853
FFS, when you work there and see what the lunatic has done it's got nothing to do with self interest. Short memories last years underlying loss $690 million I think, is all forgiven now. Nothing to do withe fuel price , the $AUS ,the carbon tax been removed or finally stopping the capacity war that should never have happened with Virgin. No, it's all due to the brilliant management and their transformation program.
dragon man is offline  
Old 8th Dec 2014, 03:08
  #5308 (permalink)  
 
Join Date: Mar 2014
Location: Various
Posts: 11
Originally Posted by CamelSquadron View Post
Joyce and his strategies have been vindicated.
I thought you were being sarcastic until I checked some of your previous contributions. Have a think about these points but don't bother replying.

1. The annual fuel cost for domestic and international QF was 4.5 billion last year. The price of a barrel of oil has dropped nearly 40% this calendar year. A huge saving that has nothing to do with joyce.

2. Getting rid of staff, aeroplanes, routes and other assets is typical of incompetent short term managers who don't care about medium and long term viability. It's simply an easy way of helping the bottom line look good in time to get a bonus while screwing the company long term.

3. The financial trickery of the huge write down the international fleet last fin year basically put future depreciation into last year thereby reducing future depreciation substancially, about 200m a year.
In other words the bottom line looks better by 200m a year but it is not through an improved business, it's through accounting tricks. It actually reduces the cash available to QF.

The profit that QF will show this year is because of luck, accounting tricks and slash and burn.
mypov is offline  
Old 8th Dec 2014, 03:16
  #5309 (permalink)  
 
Join Date: Apr 2009
Location: London-Thailand-Australia
Age: 10
Posts: 1,057
Alan is now happy
Maybe it's time for everybody here to consider that the grand plan of Management/the Board is actually working, and the real issue is the changes that have been made are not to your (self-interested) liking.
I'm sure that 5000 retrenched employees would disagree.
FFS, when you work there and see what the lunatic has done it's got nothing to do with self interest. Short memories last years underlying loss $690 million I think, is all forgiven now. Nothing to do withe fuel price , the $AUS ,the carbon tax been removed or finally stopping the capacity war that should never have happened with Virgin. No, it's all due to the brilliant management and their transformation program.


All valid points for this week but, the whole process took far too long breaking down the morale of the staff along the way. It was never very well handled in the first place.

Good to see the positive shoots finally emerging from all this.. but trust in the management will take a lot longer to repair.. the perception is, we are not out of the woods yet, to get trees to grow in the sand again takes a lot of time consuming care..

Airlines are a people business, lets hope the management have finally grasped the concept.

Last edited by TIMA9X; 11th Dec 2014 at 00:59.
TIMA9X is offline  
Old 8th Dec 2014, 11:19
  #5310 (permalink)  
 
Join Date: Mar 2006
Location: Melbourne
Posts: 468
Airlines are a people business, lets hope the management have finally grasped the concept.
TIMA9X,

A people business is true, but people feeling the pain of a flawed strategy will have long memories. So will the travelling public who vowed never to fly Qantas again after the grounding. No, they haven't grasped the concept and never will.
This board will continue to justify what they do and how they do it leaving staff and customers as collateral damage.
........now I wonder what they've done about fuel hedging?
AEROMEDIC is offline  
Old 8th Dec 2014, 15:58
  #5311 (permalink)  
 
Join Date: Apr 2009
Location: London-Thailand-Australia
Age: 10
Posts: 1,057
This board will continue to justify what they do and how they do it leaving staff and customers as collateral damage.
........now I wonder what they've done about fuel hedging?
AEROMEDIC, I agree, but not a lot we can do about it, you see Alan is a self proclaimed superstar, (see story below) the business world love him! This is Australia now days, the big end of town just do what they like, whilst both sides of government huff and puff until election time funding comes around again... pretty much where the UK was 10 years ago before the bubble burst in the service industry.. we haven't caught up yet and Europe is struggling again, .... we can only do each others washing for so long.. There are warning signs recently that the Oz economy is beginning to struggle, (for example, jobs in the car industry and other industries previously announced in Victoria to close down for good, will be a big impact once complete) Until then, things will stay the same.. Canberra will remain in a continual state of hopelessness, they can't run a bath!


Qantas boss Alan Joyce thanks himself for Lazarus-like recovery

"I don't think you can say losing $2.8 billion is crying wolf," Qantas boss Alan Joyce said on Monday as he defended the airline's Lazarus-like recovery from national basketcase to boom stock after Monday's surprise profit upgrade.


And it must be extra special given that after getting the cold shoulder from the government as the airline was at death's door, Qantas managed the rapid turnaround all on its own.


"We have implemented one of, I think, the best transformation programs out there," explained Joyce of the surprise return to fiscal health.
"The turnaround has been quite rapid as a consequence of that."
Investors will be doubly pleased to hear that Joyce is not planning to grab the accolades and head to the exits just yet.
"I was appointed at my relatively young age because they wanted me to have a long tenure," said Joyce.


He told a conference call that average tenure of a Qantas CEO has been close to 10 years – not that he has any assurances of course.
According to CBD's fact file, if you include the period of government ownership the average tenure has certainly been around the 10-year mark.
But if you restrict yourself to the company's life as a public company it has been more like seven years for his predecessors James Strong and Geoff Dixon.


And Joyce just happens to be clocking up his seventh year at the helm.


WAR AND PEACE
Joyce was also quick to refute reports from Rupert Murdoch's media behemoth that the airline had pulled advertising from Fairfax publications, The Sydney Morning Herald and The Age, over some robust reporting of the airline's woes.
"The headline was completely wrong, we are not at war with Fairfax," Joyce said.


"The [Australian] Financial Review certainly continues to get ads with us."
The company has also inadvertently supported one of its strongest critics at the Herald and The Age, Adele Ferguson.
Qantas sponsors the Gold Walkley – the highest accolade in Australian journalism – with a $10,000 prize, which was won by Ferguson and her ABC collaborators Deb Masters and Mario Christodoulou on Thursday night for their expose on the human cost of the Commonwealth Bank's poor financial advice

Read more: Qantas boss Alan Joyce thanks himself for Lazarus-like recovery



As for the fuel hedging issue, I guess Joyce will hang on to the current surcharges for as long as possible, until people scream out loud, 'no more!' The festive season is upon us so the people will be thinking of other things, another lucky break for AJ.. he'll hang out for as long as he can, possibly next Feb.

Bearing in mind most J class passengers don't pay for their fares, their companies do, so most of them don't really care other than how many points they accumulate for themselves.. it's a me me world these days..

Seems Fairfax/Qantas have been working overtime today..

Alan Joyce aims to reset Qantas flight path


He is now looking at paying down $900 million of debt in 2015, potentially taking on a new unspecified number of 787 Dreamliner aircraft and even reintroducing dividends - although there are no promises on timing.
All sounds positive which is a pleasant change to what we have had the past 5 years or until the next crisis pops up which might make Alan unhappy again, airlines are a moody business.
TIMA9X is offline  
Old 8th Dec 2014, 21:05
  #5312 (permalink)  
Keg

Nunc est bibendum
 
Join Date: Apr 1999
Location: Sydney, Australia
Posts: 5,177
Thumbs up

I tell you one thing about the 'turnaround', loads have gone through the roof over the last 8-10 weeks. From regularly carrying 737 loads throughout the middle of the year, over the last 8 weeks I've been regularly full. I haven't carried this many jump seaters since about 2008.

Buggered if I know what they're going to do when the 767 is gone. Good luck getting a seat with staff travel let alone an upgrade!
Keg is offline  
Old 8th Dec 2014, 22:19
  #5313 (permalink)  
 
Join Date: Aug 2007
Location: sydney
Posts: 853
Agree about the loads. Came back from Bne on sat afternoon. All 737s all full or only 1 or 2 seats spare.
dragon man is offline  
Old 8th Dec 2014, 23:47
  #5314 (permalink)  
 
Join Date: Aug 2011
Location: goulburn
Posts: 393
The good part about all the media is that if AJ is stating that he is going to stay around for a while, then based on past reliability of his statements he is definitely going.

Some live in hope regardless of the recent financial gymnastics designed to make him look good.
ohallen is offline  
Old 9th Dec 2014, 00:09
  #5315 (permalink)  
 
Join Date: Apr 2000
Location: OZ
Posts: 199
Buggered if I know what they're going to do when the 767 is gone. Good luck getting a seat with staff travel let alone an upgrade!
Geez it's almost like they need a bigger aircraft like say, I dunno, a 787?
Buckshot is offline  
Old 9th Dec 2014, 00:43
  #5316 (permalink)  
 
Join Date: Oct 2013
Location: Somewhere
Posts: 173
In the big announcements next year the 788s will be transferred to Qantas as they re equip with 789s for J*. QF will also get 789s. A330-200s to go in a few years due cycles.
Troo believer is offline  
Old 9th Dec 2014, 01:20
  #5317 (permalink)  
 
Join Date: Jun 1999
Location: OZ
Posts: 248
What Troo Believer said....

Regardless, this mob is likely to apply the next JQ EBA 787 T&C as a negotiating scale for all future 787 ops. 95% NO to their initial offer was a reasonable start to that!
Roller Merlin is offline  
Old 9th Dec 2014, 01:33
  #5318 (permalink)  
 
Join Date: Jan 2014
Location: Adelaide
Posts: 53
From news.com.au:

"ALAN Joyce has gone from corporate wrecker to national hero after pulling off a historic reversal in Qantas’s economic fortunes".

and

“Thanks to the hard work of our people, we are delivering the cost and revenue-focused initiatives needed to strengthen our business, without compromising the premium service that matters to our customers,” said Mr Joyce."

So well done all. Time to move on.
CamelSquadron is offline  
Old 9th Dec 2014, 01:43
  #5319 (permalink)  
 
Join Date: Feb 2000
Location: Outofoz
Posts: 657
Alan and the rest of the senior executive are laughing all the way to the bank.
The long term investment plans and what they are worth to these individuals are quite sickening when you consider what they have done to jobs and also wage freezes.
Goose and gander come to mind.
Lets see what the revised offers are for pilots across the group.
But remember this, these individuals can afford to move on, in under a five year time frame, the average line pilot cannot.
hotnhigh is offline  
Old 9th Dec 2014, 03:33
  #5320 (permalink)  
 
Join Date: Apr 2009
Location: London-Thailand-Australia
Age: 10
Posts: 1,057
So well done all. Time to move on
Hey CamelSquadron Why not start your own thread?

possibly call it "Alan's happy clappers" let us know when it gets to near 3 million hits!

You could start off with a News Ltd cheers squad piece like your above post..

Qantas finds money can’t buy love at Fairfax

Qantas finds money can't buy love at Fairfax | Plane Talking

It would be fair to say that relations between the independent media and Qantas have lost altitude recently, underlined by this report in The Australian about the airline pulling its ads and paper purchases from Fairfax.

The position taken by Qantas appears to that it owns the narrative when it comes to what the media publishes about its affairs, and expects that when it buys ad space it buys the news reporting and analysis as well.
This isn’t confined to airlines. There are many enterprises who pay in house or external message managers astonishing fees for brokering access to favourable or compliant media and trying to isolate those who don’t buy the official line.

What Qantas choses to do with its ad spend is entirely its business.
However nothing will save an airline from being ridiculed when a spokesperson says for example that passengers could have continued to Sydney two nights ago without air conditioning while the jet from Dubai was crossing the Indian Ocean and was at risk of losing the pressurization and temperature controls that are critical to maintaining a safe cabin environment as well as a flight altitude matched to optimal fuel consumption.

Or last night, when a Qantas spokesperson said a flight to Dallas Fort Worth could have continued for a further 12 hours or so without functioning toilets, seat controls or inflight entertainment systems.
The main trigger for the Fairfax ad ban according to The Australian seems to be claimed unfair or inaccurate reporting and analysis of its financial affairs. As a follower of News and Fairfax financial reporting, both have at times been scathing as well as perceptive and accurate in their critical assessments of the Qantas group performance and the credibility of its management.

Qantas doesn’t have the guts to play hard ball with News. And it is highly unlikely to bring Fairfax into line. The survival of News and Fairfax depends on how they deal with on-line technology, with a near catastrophic decline in ad revenues in general already a major consequence of those challenges.
Like the airlines, the media has to deal with changed customer or reader expectations. Finding a market prepared to pay for higher quality and trusted, independent reporting and analysis is for the media similar to airlines keeping a customer base that will pay a premium for reliable, safe, and higher quality air travel.

In this continuing media crisis, the complaints of companies claiming ownership of the public narratives about their affairs are nowhere remotely as important as retaining readerships are for media companies facing extinction.

Nothing could be more fatal for the media than giving up its independence, and thus being abandoned by whatever readers it may continue to attract.
Alan and the rest of the senior executive are laughing all the way to the bank.

The long term investment plans and what they are worth to these individuals are quite sickening when you consider what they have done to jobs and also wage freezes.
Goose and gander come to mind.

Lets see what the revised offers are for pilots across the group.
But remember this, these individuals can afford to move on, in under a five year time frame, the average line pilot cannot.
Of course none of this new found positive spin has anything to do with the current EBA's on the table...
TIMA9X is offline  

Thread Tools
Search this Thread

Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.