MERGED: Alan's still not happy......
Join Date: Oct 2003
Location: Australia
Posts: 32
Likes: 0
Received 0 Likes
on
0 Posts
A man in a hot air ballon realized he was lost. He reduced altitude and spotted a man below. He descended a bit more and shouted, "excuse me, can you help? I don't know where I am and I promised a friend I would meet him an hour ago."
The man below replied, "you are in a hot air ballon hovering about 30 feet above the ground. You are between 40 and 41 degrees north latitude and 59 and 60 degrees west longitude."
"You must be a pilot," said the balloonist.
"I am," replied the man, "how did you know?"
"Well," answered the balloonist, "everything you told me is technically correct, but I have no idea what to make of your information and the fact is I am still lost. Frankly, you have been no help at all".
The man below responded, "you must be in management."
"I am," replied the balloonist, "but how did you know?"
"Well" said the man, "you don't know where you are or where you are going. You have risen to where you are due to a large quantity of hot air. You made a promise which you have no idea how to keep and you expect people beneath you to solve your problems. The fact is you are in exactly the same position you were in before we met, but now, somehow, it's my fault."
The man below replied, "you are in a hot air ballon hovering about 30 feet above the ground. You are between 40 and 41 degrees north latitude and 59 and 60 degrees west longitude."
"You must be a pilot," said the balloonist.
"I am," replied the man, "how did you know?"
"Well," answered the balloonist, "everything you told me is technically correct, but I have no idea what to make of your information and the fact is I am still lost. Frankly, you have been no help at all".
The man below responded, "you must be in management."
"I am," replied the balloonist, "but how did you know?"
"Well" said the man, "you don't know where you are or where you are going. You have risen to where you are due to a large quantity of hot air. You made a promise which you have no idea how to keep and you expect people beneath you to solve your problems. The fact is you are in exactly the same position you were in before we met, but now, somehow, it's my fault."
So whats happening? Is this civil disobedience going ahead or are we all full of piss and vinegar! The heat has been off Joyce for too long. The senate lapped up his BS and the press has dropped the story. Looks like we are taking it right up the a$$ again 
However condition 1, the expanded group and saving of mainline doesn't happen until December.
In the meantime:
Read here:
Qantas rating flies into 'red pain zone'
In the meantime:
Read here:
Qantas rating flies into 'red pain zone'
Qantas is not only the red kangaroo, it's also in the ''red pain zone'', according to Fitch Ratings.
The besieged airline is the only Australian company that the credit ratings agency has placed in the category, which is for businesses with rapid cash-flow decline and rising net debt.
In contrast Fitch is expecting most companies to limit their debt growth this year and strengthen earnings.
The pain zone label for Qantas comes as the airline faces increases in the costs of new borrowing after Standard & Poors cut the airline to junk status in December and Moody's downgraded it two notches to Ba2 in January.
Fitch analysts led by Matt Jamieson said a fierce capacity war with rival Virgin had taken its toll on Australia's flag carrier, which failed to convince the Abbott government to agree to its please of a debt guarantee or an unsecured $3 billion loan.
'
'Virgin Australia ... Qantas key competitor has been so aggressive in capacity additions that a structural shift has occurred,'' Mr Jamieson said.
''Qantas has not been willing to relinquish its domestic market share below 65 per cent, which as compounded its weak profitability.''
Last week it was revealed the airline would let go 26 managers in the coming months as part of a what it describes in a leaked internal document as ''major changes'' to the make up of its senior leadership team.
But the top echelon of Qantas management has so far escaped the deep cost cutting, which includes axing 5000 jobs as at attempts to save $2 billion in the next three years.
Mr Jamieson said the airline was also facing higher debt as it upgrades its fleet, while higher fuel prices were weakening cash flows.
Qantas reduced the average age of its fleet to 7.6 years last December, the youngest since privitisation in 1993, Mr Jamieson said.
''This means the company's aircraft lease payments in FY14 to FY15 will be higher than historical levels, leading to lower cash-flow generation and, hence, higher net debt levels.''
Fitch has analysed the debt levels, cash flow and leverage changes of Australia's top 100 companies (excluding those in the financial sector), which account for 54 per cent of the Australia's total equity market capitalisation.
The ''blue joy zone'' is the polar side to Qantas' category and comprises miners BHP Billiton, Rio Tinto and Fortescue Metals. These companies have strong cash-flow increases and debt pay down.
The besieged airline is the only Australian company that the credit ratings agency has placed in the category, which is for businesses with rapid cash-flow decline and rising net debt.
In contrast Fitch is expecting most companies to limit their debt growth this year and strengthen earnings.
The pain zone label for Qantas comes as the airline faces increases in the costs of new borrowing after Standard & Poors cut the airline to junk status in December and Moody's downgraded it two notches to Ba2 in January.
Fitch analysts led by Matt Jamieson said a fierce capacity war with rival Virgin had taken its toll on Australia's flag carrier, which failed to convince the Abbott government to agree to its please of a debt guarantee or an unsecured $3 billion loan.
'
'Virgin Australia ... Qantas key competitor has been so aggressive in capacity additions that a structural shift has occurred,'' Mr Jamieson said.
''Qantas has not been willing to relinquish its domestic market share below 65 per cent, which as compounded its weak profitability.''
Last week it was revealed the airline would let go 26 managers in the coming months as part of a what it describes in a leaked internal document as ''major changes'' to the make up of its senior leadership team.
But the top echelon of Qantas management has so far escaped the deep cost cutting, which includes axing 5000 jobs as at attempts to save $2 billion in the next three years.
Mr Jamieson said the airline was also facing higher debt as it upgrades its fleet, while higher fuel prices were weakening cash flows.
Qantas reduced the average age of its fleet to 7.6 years last December, the youngest since privitisation in 1993, Mr Jamieson said.
''This means the company's aircraft lease payments in FY14 to FY15 will be higher than historical levels, leading to lower cash-flow generation and, hence, higher net debt levels.''
Fitch has analysed the debt levels, cash flow and leverage changes of Australia's top 100 companies (excluding those in the financial sector), which account for 54 per cent of the Australia's total equity market capitalisation.
The ''blue joy zone'' is the polar side to Qantas' category and comprises miners BHP Billiton, Rio Tinto and Fortescue Metals. These companies have strong cash-flow increases and debt pay down.
Were it not for the dead hand of the New York based major shareholders, Qantas would be a great investment by the same metrics as have built a number of billion dollar fortunes.
- great market share, check.
- great brand loyalty, check.
- Abysmal corporate strategy (Jetstar and especially China) , check.
- Abysmal management, check.
On that basis, if Qantas was a "normal" public company, it would now be time to buy in, reasoning that shortly the major shareholders are going to lose patience and replace the Board and management with competent individuals who will turn the company around.
yet despite at least Five years of abysmal, demonstrably childish behaviour and wishful thinking on behalf of Management, this has not happened. Why?
One can ony come to the conclusion that the same forces behind the failed APA bid are still hell bent on privatising the business, either that, or they are dumber than Alan Joyce.
- great market share, check.
- great brand loyalty, check.
- Abysmal corporate strategy (Jetstar and especially China) , check.
- Abysmal management, check.
On that basis, if Qantas was a "normal" public company, it would now be time to buy in, reasoning that shortly the major shareholders are going to lose patience and replace the Board and management with competent individuals who will turn the company around.
yet despite at least Five years of abysmal, demonstrably childish behaviour and wishful thinking on behalf of Management, this has not happened. Why?
One can ony come to the conclusion that the same forces behind the failed APA bid are still hell bent on privatising the business, either that, or they are dumber than Alan Joyce.
Join Date: Jul 2006
Location: Australia
Posts: 1,188
Likes: 0
Received 0 Likes
on
0 Posts
Condition 1
The devils in the detail.
JQ are pulling the A330 out of the AKL-SIN sector mid year.
They have announced a new MEL-NRT, BNE-HNL service and the 787 between BNE-DPS.
Regarding the BNE flying, the A330 goes to HNL 3 times a week and the 787 to DPS.
What have they got planned for the A330 when its not doing the 3 times a week to HNL?
Do they leave it parked in BNE, or do they put a flight on between BNE & something like SYD or MEL to connect up with its International network?
Have I missed something? Are they just moving around the airframes between different city pairs because of losses on other routes?
MC
The devils in the detail.
JQ are pulling the A330 out of the AKL-SIN sector mid year.
They have announced a new MEL-NRT, BNE-HNL service and the 787 between BNE-DPS.
Regarding the BNE flying, the A330 goes to HNL 3 times a week and the 787 to DPS.
What have they got planned for the A330 when its not doing the 3 times a week to HNL?
Do they leave it parked in BNE, or do they put a flight on between BNE & something like SYD or MEL to connect up with its International network?
Have I missed something? Are they just moving around the airframes between different city pairs because of losses on other routes?
MC
Join Date: Apr 2009
Location: London-Thailand-Australia
Age: 15
Posts: 1,057
Received 0 Likes
on
0 Posts
Famous last words: How high profile CEOs said goodbye
On that basis, if Qantas was a "normal" public company, it would now be time to buy in, reasoning that shortly the major shareholders are going to lose patience and replace the Board and management with competent individuals who will turn the company around.
Geoff Dixon, Qantas CEO (2001-08) (centre, pictured with Paddy Coughlan-L and John Singleton-R) “It's nice to be able to leave the company in a situation where it is very profitable and is in a strong position. Given the carnage across this industry, I suppose it's a good as you can expect.” Photo: Jo Casamento
I wonder what Elaine will say?
Join Date: Jul 2006
Location: NSW
Posts: 131
Likes: 0
Received 0 Likes
on
0 Posts
Gandhi understood the need for robust normative governance principles - for tempering the self, for governing social movements, for calibrating politics, corporate life and society, and for harmonising the private and public spheres.
Qantas doesn't! Hence the unhappy ones.
Qantas doesn't! Hence the unhappy ones.
Join Date: Apr 2014
Location: Melbourne
Posts: 1
Likes: 0
Received 0 Likes
on
0 Posts
Re: QF membership waiver
Woolworths have offered the free sign up for since Everyday Rewards started (to much fanfare), and there was always the 'I live overseas' free option.
Still, there's a curious number of people who have blindly paid without realising these options.
Woolworths have offered the free sign up for since Everyday Rewards started (to much fanfare), and there was always the 'I live overseas' free option.
Still, there's a curious number of people who have blindly paid without realising these options.
Join Date: Apr 2008
Location: Land of egos
Posts: 38
Likes: 0
Received 0 Likes
on
0 Posts
Cannot help but notice how the publicly available information and media coverage has dried up. It has been over 4 months since the initial hysteria... I wonder how QF is tracking for the second half results, is it still bleeding cash, forward bookings drying up....????
004wercras More freebies! Now QF are offering to waive the $89 FF join up fee.
Will JQ foot the administrative costs of this exercise? QF must be getting desperate.
Will JQ foot the administrative costs of this exercise? QF must be getting desperate.
short flights long nights
Funny thing dch63, I was thinking the same thing today. Invent crisis, scream and yell, ask for money....plan fails. Shut up, regroup and think up next crisis. Is that what is going on?
Join Date: Mar 2014
Location: Sydney
Posts: 1
Likes: 0
Received 0 Likes
on
0 Posts
This is all smoke and mirrors. The loss can be attributed to a few "one off" expenditure items, and temporary lack of cashflow in some business units.
The appeal for gov assistance and mass redundancies is more opportunistic than anything else. The hierarchy know this, and are also prepared for the profit numbers to turn around quickly as time marches on.
Resultantly the Irishman (or any other management for that matter) will definately not fall on their sword and look like a failure now, they will wait until the business turns around. They will then leave looking like heros, not failures. Reputations depend on this.
Any other expectations from those who are posting on here is pure wishful thinking.
The appeal for gov assistance and mass redundancies is more opportunistic than anything else. The hierarchy know this, and are also prepared for the profit numbers to turn around quickly as time marches on.
Resultantly the Irishman (or any other management for that matter) will definately not fall on their sword and look like a failure now, they will wait until the business turns around. They will then leave looking like heros, not failures. Reputations depend on this.
Any other expectations from those who are posting on here is pure wishful thinking.
regroup and think up next crisis
Join Date: Apr 2001
Location: Adrift upon the tides of fate
Posts: 1,840
Likes: 0
Received 0 Likes
on
0 Posts
For those wondering how QF is traveling.....
Qantas rating flies into 'red pain zone'
"The besieged airline is the only Australian company that the credit ratings agency has placed in the category, which is for businesses with rapid cash-flow decline and rising net debt."
Their analysis seems to make sense.
Qantas rating flies into 'red pain zone'
"The besieged airline is the only Australian company that the credit ratings agency has placed in the category, which is for businesses with rapid cash-flow decline and rising net debt."
Their analysis seems to make sense.