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

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

Old 5th Dec 2013, 03:45
  #421 (permalink)  
 
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Here we are less than 4 weeks before the end of the year and QF announce they have been losing an average of $10M + per week since 1 July 2013. So
much for continual disclosure and keeping the market informed.

Guess what; the evidence points to the smart money or insiders sold their shares in QF to 'suckers' during the second and third week of October.
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Old 5th Dec 2013, 04:15
  #422 (permalink)  
 
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So.....

They get handed a full-service, domestic and international operation, debt free and capitalised, which they use to drive their main competition broke.

Twenty years on, they've driven it into the ground.

Poor dears......

I DO feel very sorry for the loyal staff who have watched in horror as the place collapses in slow motion.
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Old 5th Dec 2013, 04:40
  #423 (permalink)  
 
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1a sound asleep One way ticket to Dublin.
...Or two tickets halfway to Dublin? Let him take a friend, too!
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Old 5th Dec 2013, 04:41
  #424 (permalink)  
 
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Senator Xeno just called for the resignation of CEO & Board in what was an articulate and well framed statement.
Joyce and co. will not go quietly. Lots of spin and blame on others. No responsibility for this situation is being accepted by these tossers and it will be a minor miracle if they go before this company collapses.
There may even be a last ditch appeal to the government to jump in before that happens.

Let's hope that the key stakeholders put enough pressure on the board before the shareholders flee.
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Old 5th Dec 2013, 04:43
  #425 (permalink)  
 
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Let's hope that the key stakeholders put enough pressure on the board before the shareholders flee.
Why haven't they done that before now, though? This has been brewing for some time.
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Old 5th Dec 2013, 04:47
  #426 (permalink)  
 
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What has happened to all the Cash Qantas had? And all the Flyer Point Credits????
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Old 5th Dec 2013, 04:50
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Haven't been really paying attention as I have been studying English political history.

Came across this really interesting quote from Oliver Cromwell:

"You have sat too long for any good you have been doing lately... Depart, I say; and let us have done with you. In the name of God, go!"
Address to the Rump Parliament (20 April 1653)

I'm sure this must be relevant to something.........
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Old 5th Dec 2013, 05:11
  #428 (permalink)  
 
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A nice little summation of the last 2 years activities, courtesy of Australian Aviation.
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Old 5th Dec 2013, 05:22
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Interesting comment by Joyce

He said Qantas had made money in the domestic market in two out of the last three years
FY13 QF domestic made $365m ($218m 1H13). To say domestic is now in a loss means a big big hit. Surely that cannot all be attributed to Virgin capacity response.

A little cost assignment to prop up Jetstar for sale perhaps?
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Old 5th Dec 2013, 05:28
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Why aren't the various Qantas Unions, in particular AIPA, getting behind Senator Xenphone's call for Joyce and Clifford to accept responsibility for the Roo's demise and resign?
Surely a huge vote of no confidence in Joyce and the board, given the current media releases might at least start some serious questions being asked in financial circles?
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Old 5th Dec 2013, 05:30
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From the SMH 5 Dec 2013: "The airline industry is a tough game but Joyce hasn't made it easy for himself. Qantas is far bigger than Virgin but he has allowed the airline to outwit him every step of the way. If this latest demonstration of the pain Qantas is suffering doesn't work, his next card might be to threaten to close international and the many thousands of staff."

Fact is, it's been all about slash and burn and hitching wagons to Emirates. When did you hear about anything in the way of improvements to customer service from QF? One gets a sense of quiet desperation from the staff when flying as SLF, and the domestic fleet and facilities look worn down.

Appointing AJ and letting JB go to Virgin will go down as one of the most expensive mistakes they've ever made. Whose head needs to roll over that one?
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Old 5th Dec 2013, 05:39
  #432 (permalink)  
 
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Now here's an idea!

Final words in Virgin's Fact Check, in answer to The Irish Gits' tantrum on capital raising:

"Better still, a public debate, with each CEO talking for three minutes before throwing the floor open to questions from media and public with a short right of reply to each response."
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Old 5th Dec 2013, 05:40
  #433 (permalink)  
 
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Now Branson has jumped on the band wagon. That's all QF need!

Branson hits out at 'badly managed' Qantas - www.travelweekly.co.uk
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Old 5th Dec 2013, 06:15
  #434 (permalink)  
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I think the SMH may have hit it on the head. I'm betting he will say he has no choice other than to close International. That will be he last card, what ever happens this will be nasty.

What I can't believe is how fast it has happened. A few weeks ago, all was quiet (in relative terms), the suddenly Joyce is asking for something (although no one still really seems to know just what that is), now we have million dollar losses, more staff cuts, route reductions, who knows what. The next few weeks will be extremely interesting.
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Old 5th Dec 2013, 06:18
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Whip up a frenzy kids......

Senator Xenophon - Go you good thing!!!
What is now needed is a new Qantas choir, made up of 30 000 staff singing for executive management and the boards heads on a silver platter!!! A massive vote of no confidence by all. Time to rid this company and this country of AJ and Co.
My eyes are closed, I can hear the sounds of 30 000 employees and tens of thousands of Aussies calling 'HEADS HEADS HEADS HEADS'!!
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Old 5th Dec 2013, 06:19
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makes me wonder if that stunt he pulled a couple of years ago
was actually just a practice run......."fasten your seat belts" indeed.
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Old 5th Dec 2013, 06:38
  #437 (permalink)  
 
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Disgraceful!!

Maybe if we had an ounce of decent advertising of the Ozzie brand then Australians and the Government may feel more passionate about helping this cause.

Why should any member of the Australian public feel passionate about saving an icon that was once all about Australia but now is not?

What happened to "I still call Australia Home"? JB might as well pick up that line and run with it as it seems it has been abandoned long ago.

If this brand trashing was not deliberate then it has been a massive shot in the foot by a bunch of misguided fools.
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Old 5th Dec 2013, 06:39
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Why does AJ want Virgin's international rights removed?

Is it because he is worried that VAI will expand more to the US and take more market share?

Or does he want its rights removed so when he shuts down international, Emirates can step in to fill the void on the Pacific?
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Old 5th Dec 2013, 06:41
  #439 (permalink)  
 
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Let's start a proper petition. Time for an EGM.

CORPORATIONS ACT 2001 - SECT 249D Calling of general meeting by directors when requested by members
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Old 5th Dec 2013, 06:45
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As BGA tries to sell the furniture perhaps we'll finally see exactly which parts of the company are making money. Surely he'll have to hang on to anything that's profitable and sell the dogs. I notice he only spoke of jetstar when selling operational assets. I suspect he will be being told by the board to ditch anything he can thats's not generating cash.
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