MERGED: Alan's still not happy......
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Well, I'd like to know WHEN Joyce met with the major shareholders and what the minutes of those meetings were.
It seems to me that disclosure of such information should be available to ALL shareholders, not just a few.
It seems to me that disclosure of such information should be available to ALL shareholders, not just a few.
short flights long nights
Ok, I know I'm not on the scene so to speak, so I could be wrong. However, what I find strange is that after announcing the latest crisis a few weeks ago, Joyce has basically gone to ground,
I would have expected him to be out the front, announcing stuff....new routes..new fleet..plans...something. Motivating the troops, meeting people on the front like, anything.
But, it seems to me he is doing next to nothing.
Am I right, or am I wrong?
I would have expected him to be out the front, announcing stuff....new routes..new fleet..plans...something. Motivating the troops, meeting people on the front like, anything.
But, it seems to me he is doing next to nothing.
Am I right, or am I wrong?
SOPS, I was saying the same thing yesterday at work, I would have assumed that 'knowing' the Group is in a fire situation surely you would have a plan. The fact that we have heard nothing along the lines if fleet/route/staff changes since the loss announcement tells me they either aren't in the trouble they say or they are clueless as to how to get out of it. 
Or they're stashing money offshore ready to do a runner before they get held to account.
You'd think a company in this situation right now would be announcing new aircraft, reinvigoration of the brand, advertising, routes etc rather the job cuts, cost cutting, downsizing and media stunts.
You'd think a company in this situation right now would be announcing new aircraft, reinvigoration of the brand, advertising, routes etc rather the job cuts, cost cutting, downsizing and media stunts.
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Alan Joyce and his board know diddly squat about running an airline, all they know is how to fudge the numbers, which works ok when everything is rosy but becomes a house of cards when real issues interfere.
The only progress Alan Joyce and his board have acheived is opening up wounds for the flesh of Qantas to be devoured. It also looks like the 5000 jobs figure was just an executive bluff that has backfired.
It takes a real lack of talent to destroy an Australian icon that has so many advantages going for it. Alan Joyce and his board are incompetent business men and women - it really is that simple.
The only progress Alan Joyce and his board have acheived is opening up wounds for the flesh of Qantas to be devoured. It also looks like the 5000 jobs figure was just an executive bluff that has backfired.
It takes a real lack of talent to destroy an Australian icon that has so many advantages going for it. Alan Joyce and his board are incompetent business men and women - it really is that simple.
short flights long nights
I could not agree more about the 5000 job number. With every passing day, I am more and more convinced that it was a huge bluff, that Tony Abbott called. And now Joyce has no idea where to turn. I certainly don't think he has any real, constructive ideas about fixing the airline and it's problems. Trouble is, I think most of the so called problems, have been caused by Joyce and his mates in the first place. And this guy gets how much a year?
Guys, Qantas is not a loss maker if you can buy it cheap enough. This was my big lesson from the "recession we had to have" if you can buy a distressed business for cents in the dollar, renegotiate employment and other contracts as part or a bankruptcy or receivership, you can make a killing.
My own view is that Qantas is deliberately in a loss making situation as depicted by the accounts as the powers that be correctly know that there is no independent forensic aviation accounting capability in Australia. That means that Qantas can do what it likes with provisions and allocations and will of course no doubt be perfectly within the law.
Andrew Sisson has it right: buy it, turf out the Board and management and go through it with a new broom. His opponents of course want to do the same thing, preferably in private.
Make no mistake 65% of the Australian domestic market plus the infrastructure is very valuable. I fail to understand how the current Qantas strategy is going to do anything to maximise shareholder value in the long term, and their litany of failures makes me wonder if this is deliberate although I am sure it is all perfectly legal...or I was until the resignation of the company secretary and his assistant.
Translation: Could I be forgiven for wondering if something stinks at Qantas and it has been that way since at least a few years before the APA bid?
My own view is that Qantas is deliberately in a loss making situation as depicted by the accounts as the powers that be correctly know that there is no independent forensic aviation accounting capability in Australia. That means that Qantas can do what it likes with provisions and allocations and will of course no doubt be perfectly within the law.
Andrew Sisson has it right: buy it, turf out the Board and management and go through it with a new broom. His opponents of course want to do the same thing, preferably in private.
Make no mistake 65% of the Australian domestic market plus the infrastructure is very valuable. I fail to understand how the current Qantas strategy is going to do anything to maximise shareholder value in the long term, and their litany of failures makes me wonder if this is deliberate although I am sure it is all perfectly legal...or I was until the resignation of the company secretary and his assistant.
Translation: Could I be forgiven for wondering if something stinks at Qantas and it has been that way since at least a few years before the APA bid?
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SOPS
Yes, he's been busy. New routes BNE to Port Macquarie, JQ to HNL from BNE, changes to the FF scheme, MEL to Coffs - all intended to make QF profitable again! Sarcasm switch off now!
Yes, he's been busy. New routes BNE to Port Macquarie, JQ to HNL from BNE, changes to the FF scheme, MEL to Coffs - all intended to make QF profitable again! Sarcasm switch off now!
Just heard an interview with Sen X in which he stated he shares very similar views to Clive Palmer on Qantas 'in particular'.
Not a PUP fan, even less Clive, but that was a promising statement.
Not a PUP fan, even less Clive, but that was a promising statement.
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Make no mistake 65% of the Australian domestic market plus the infrastructure is very valuable. I fail to understand how the current Qantas strategy is going to do anything to maximise shareholder value in the long term, and their litany of failures makes me wonder if this is deliberate although I am sure it is all perfectly legal...or I was until the resignation of the company secretary and his assistant.
Translation: Could I be forgiven for wondering if something stinks at Qantas and it has been that way since at least a few years before the APA bid?
Translation: Could I be forgiven for wondering if something stinks at Qantas and it has been that way since at least a few years before the APA bid?
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Sunfish, I am happy to see that someone is thinking the right way. I totally agree with you, what is happening with Qantas is deliberate. Why should Qf pay everything more than the others ? what they are doing is applying a business strategy that many other airlines overseas already did. Everything is wrong with Qf.... even just travelling with an infant... For a trip to LA Qf charges you around $800 calling it airport taxes while all the others charge you about $120. The management wants to turn passengers away.
lan Joyce and his board know diddly squat about running an airline, all they know is how to fudge the numbers
There may be none, it not even be important but gee at QF !!!
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QF1 cancellations for May, DXB-LHR, 8th, 13th, 14th, 20th and 29th
QF10 cancellations for May LHR-DXB, 7th, 12th, 13th, 19th and 28th
Due to 'very soft' commercial demand.
Looks like 380's to commence DFW flying later in the year.
QF10 cancellations for May LHR-DXB, 7th, 12th, 13th, 19th and 28th
Due to 'very soft' commercial demand.
Looks like 380's to commence DFW flying later in the year.
Quote:
Make no mistake 65% of the Australian domestic market plus the infrastructure is very valuable. I fail to understand how the current Qantas strategy is going to do anything to maximise shareholder value in the long term, and their litany of failures makes me wonder if this is deliberate although I am sure it is all perfectly legal...or I was until the resignation of the company secretary and his assistant.
Translation: Could I be forgiven for wondering if something stinks at Qantas and it has been that way since at least a few years before the APA bid?
Or to put that another way, "are the birds coming home to roost?"
Make no mistake 65% of the Australian domestic market plus the infrastructure is very valuable. I fail to understand how the current Qantas strategy is going to do anything to maximise shareholder value in the long term, and their litany of failures makes me wonder if this is deliberate although I am sure it is all perfectly legal...or I was until the resignation of the company secretary and his assistant.
Translation: Could I be forgiven for wondering if something stinks at Qantas and it has been that way since at least a few years before the APA bid?
Or to put that another way, "are the birds coming home to roost?"
Shall never be belov'd by men.
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Make no mistake 65% of the Australian domestic market plus the infrastructure is very valuable. I fail to understand how the current Qantas strategy is going to do anything to maximise shareholder value in the long term, and their litany of failures makes me wonder if this is deliberate although I am sure it is all perfectly legal...or I was until the resignation of the company secretary and his assistant.
I think the QF management has run out of options by losing track of the deliberate but legal cost shifting within the group, other words, the music has stopped, opening up a possible last chance escape plan, set up for a takeover bid, which will reward the current management with a payout on exit leaving the new incoming management team to sort out what's left, which for me is in line with what Sunfish has already said..
by MC: And don't forget the new Company Secretary was a consultant on the APA bid
partners Ewen Crouch and Andrew Finch and senior associate Tom Story from Allens Arthur Robinson are advising Qantas.
Qantas takeover ready to fly | Lawyers Weekly
Qantas takeover ready to fly | Lawyers Weekly
Unless they use an EK long range version forget the big bus to DFW.