MERGED: Alan's still not happy......
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The 4 in Narita were still sitting in the same position 2 days ago
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Reminds me of the line up of Kingfisher jets in 2008 while in Toulouse. What happened to that airline?Hang on whose paying the leases?
Suspect the cost is a lot more than $20,000 per week. Figure I heard from a fleet manager was a total cost of $20,000 per DAY.
This article quotes a lease cost of $230,000 USD per month - around $50k per week. http://www.airliners.net/aviation-forums/general_aviation/read.main/834087/
This article quotes a lease cost of $230,000 USD per month - around $50k per week. http://www.airliners.net/aviation-forums/general_aviation/read.main/834087/
short flights long nights
That seems a good way to keep the company in profit......
Qantas price on A320s is around $32 million so on average 1% lease per month so that means $320,000 a month. Not a bad deal! So who do we know on the board that leases aircraft? Barbara Ward former Allco director- how did that work Barb?(Australian Golf Club Associate Champion last month, obviously working hard!), Gary Hounsell, Investec Leasing, obviously steps out of the room when aircraft leases are discussed. Geoff Dixon admitted in November that he leases over 100 aircraft to Jetstar so what's this about a tiff with little Al? Where is the shareholder's champion, ASIC on this? Time will tell!
Another thing that doesn't sit right for me is the share buy back. Nov 2012 qantas paid off $650 million of debt early, and over the following 6 months spent about $100 million buying back approx 4% of shares on issue.
I'm no expert on how these things work, but a bit of google research indicates share buybacks are conducted when the company has excess cash, to return shareholder value.
12 months later and Alan is in crisis talks, with what seems to be a potential cash flow problem, and share price talked down as low as ever.
My question, could the debt reduction have been conducted to benefit future owners, in the event of another private equity bid? Can the 4% of shares be re-issued to help swing a private equity deal over the line (mitigating against the failure of the previous takeover)?
I'm no expert on how these things work, but a bit of google research indicates share buybacks are conducted when the company has excess cash, to return shareholder value.
12 months later and Alan is in crisis talks, with what seems to be a potential cash flow problem, and share price talked down as low as ever.
My question, could the debt reduction have been conducted to benefit future owners, in the event of another private equity bid? Can the 4% of shares be re-issued to help swing a private equity deal over the line (mitigating against the failure of the previous takeover)?
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Photos: Airbus A320-232 Aircraft Pictures | Airliners.net
I'm no expert either, but this 19th December 2013 photo of the in flight passenger load looks a bit light on. I hope there selling extra muffins.
MC
I'm no expert either, but this 19th December 2013 photo of the in flight passenger load looks a bit light on. I hope there selling extra muffins.
MC
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Oops, my bad, thanks Karunch for sorting that, I was only six days out..
indeed, it should have read "cost per day" for a minute there I thought I was working for AJ..
indeed, it should have read "cost per day" for a minute there I thought I was working for AJ..
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Another thing that doesn't sit right for me is the share buy back. Nov 2012 qantas paid off $650 million of debt early, and over the following 6 months spent about $100 million buying back approx 4% of shares on issue.
It's no surprise to anyone that this board engaged in a buy-back only to watch the share price drop like a stone.
They can't even get THAT right. Did they believe their own spin?
Now watch for the next announcement on fuel hedging.
Due diligence nowhere in sight.
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Sick of it all
How do you stop this megalomaniac and his board of obvious incompetent's from doing more damage to the Qantas brand and the lives of faithful workers who must be very piss*d O*f by now.
Read the post that workers are having an average 33 days sick leave (some may have heaps) that shows they must have a lot built up which means they have been very loyal not to use them over the years?
Read the post that workers are having an average 33 days sick leave (some may have heaps) that shows they must have a lot built up which means they have been very loyal not to use them over the years?
short flights long nights
I have been told off for saying this before, but I'm going to say it again,,,Alan has not said anything for weeks, he pops up and creates havoc and then goes to ground....I'm glad I don't work for him, there is so much misdirection posing as a management.
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He is very quiet, as a matter of interest and maybe I was bored, I just did a search for him for any news. 
ONLY thing was in todays NZ Herald under this.....................
Aussie business winners and losers
5:30 AM Thursday Jan 2, 2014
Guess where AJ was.................
The number 1 LOSER.
ONLY thing was in todays NZ Herald under this.....................
Aussie business winners and losers
5:30 AM Thursday Jan 2, 2014
Guess where AJ was.................
The number 1 LOSER.
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Link to story here,
Now compare a similar story in the Aussie press, no mention of Joyce..
Like Qantas, the OZ media has suffered so many cutbacks with staff, the quality of the business content produced (in my view) is suffering... other words, business reporting is very slow in picking up the message or too afraid to report it but the international press seem to be on it ..
In other words, AJ & Co have a pretty good time controlling the Oz media but forgets brand Qantas is "International."
Here in Asia, brand Qantas is suffering from a poor image in the media created by the management in OZ.. the OZ media only report when AJ arranges a press conference normally just rattling off the press release copy, sad...
Aussie business winners and losers - Business - NZ Herald News
Alan Joyce
The Qantas chief executive oversaw the descent of the airline's share price to a record low of A96.5c in December after he announced an expected A$300 million half-year loss and plans to drop 1000 workers in a bid to cut costs.
The shock announcement rounded out a string of job cuts at Qantas and a total grounding of the fleet in 2011, leading to a call for Joyce's resignation from federal MP Nick Xenophon.
Alan Joyce
The Qantas chief executive oversaw the descent of the airline's share price to a record low of A96.5c in December after he announced an expected A$300 million half-year loss and plans to drop 1000 workers in a bid to cut costs.
The shock announcement rounded out a string of job cuts at Qantas and a total grounding of the fleet in 2011, leading to a call for Joyce's resignation from federal MP Nick Xenophon.
In other words, AJ & Co have a pretty good time controlling the Oz media but forgets brand Qantas is "International."
Here in Asia, brand Qantas is suffering from a poor image in the media created by the management in OZ.. the OZ media only report when AJ arranges a press conference normally just rattling off the press release copy, sad...
n other words, AJ & Co have a pretty good time controlling the Oz media but forgets brand Qantas is "International.