MERGED: Alan's still not happy......
Nunc est bibendum
Sure, I agree. Sometimes it takes an outsider to look at all the internal process and say WTF.!?! However, there are times when we cut for the sake of cutting and instead of cutting out inefficiency, we actually cut to the extent we become inefficient.
Time will tell.
Time will tell.
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Crew to aircraft ratio
Anyone know what the current, or proposed crew to aircraft ratio across the 73 fleet is? Or for that matter is there a general such ratio across all fleets? Would a 5:1 be unreasonable?
Nkosi
Nkosi
Master Caution
AJ's got till 2016 to either destroy the place in its entirety or attempt to turn the thing around.
He's declared the last 4 to 5 years his grand plan would turn QF around by 2016.
AJ's got till 2016 to either destroy the place in its entirety or attempt to turn the thing around.
He's declared the last 4 to 5 years his grand plan would turn QF around by 2016.
The move prompted analysts at JPMorgan to upgrade the airline to overweight after a comprehensive review of its earnings forecasts.
They revised their fiscal 2015 underlying pre-tax loss estimate of $325.8 million to $134.6m and forecast pre-tax profit the following year of $300m, up from $112.7m.
The underlying pre-tax loss for this year was left unchanged at $620m but the share price target was rolled forward to June 2015 and increased to $1.47.
....
Analysts at CIMB also welcomed the signs of rationality in the market.
However, they noted the Australian aviation environment “remains as bad as we have seen it’’.
The analysts, who have a neutral rating on the stock, are *expecting Qantas and Virgin Australia to between them make a combined full-year pre-tax loss of $1bn.
That broke down to $770m at Qantas and $202m at Virgin. “Nevertheless, we see improve*ment coming as capacity growth subsides in both domestic and international markets,’’ they said, predicting Qantas would return to profitability in 2016.
They revised their fiscal 2015 underlying pre-tax loss estimate of $325.8 million to $134.6m and forecast pre-tax profit the following year of $300m, up from $112.7m.
The underlying pre-tax loss for this year was left unchanged at $620m but the share price target was rolled forward to June 2015 and increased to $1.47.
....
Analysts at CIMB also welcomed the signs of rationality in the market.
However, they noted the Australian aviation environment “remains as bad as we have seen it’’.
The analysts, who have a neutral rating on the stock, are *expecting Qantas and Virgin Australia to between them make a combined full-year pre-tax loss of $1bn.
That broke down to $770m at Qantas and $202m at Virgin. “Nevertheless, we see improve*ment coming as capacity growth subsides in both domestic and international markets,’’ they said, predicting Qantas would return to profitability in 2016.
) continue to contribute their share of profit as per previous years.
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Nkosi
I've heard of figures such as 7:1 in the Longhaul arena.
So, I would guess a figure less than 7:1 would be appropriate in the shorthaul operations with shorter slip and crew turnaround times.
Having said that, the impending RIN could cause a distortion in historical ratios if that's what your looking at.
MC.
I've heard of figures such as 7:1 in the Longhaul arena.
So, I would guess a figure less than 7:1 would be appropriate in the shorthaul operations with shorter slip and crew turnaround times.
Having said that, the impending RIN could cause a distortion in historical ratios if that's what your looking at.
MC.
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TL,
I would guess most of the 5000 job losses and associated redundancy payments would conclude by 2016.
It's my guess the Business Transformation process that started a few years ago was always figuring in massive job losses.
Hence, the inability of returning the business to profitability till 2016.
I would guess most of the 5000 job losses and associated redundancy payments would conclude by 2016.
It's my guess the Business Transformation process that started a few years ago was always figuring in massive job losses.
Hence, the inability of returning the business to profitability till 2016.
And no doubt Joyce and Co will take part in a huge amount of backslapping come 2016 when/if they return to profitability!
"This was our plan all along"
Never mind the destruction of thousands of jobs and the airline's reputation in the meantime
"This was our plan all along"
Never mind the destruction of thousands of jobs and the airline's reputation in the meantime
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Meanwhile, this week it's... wait for it....
Good to see he is out and about...
Qantas boss Leigh Clifford returns to rock 'n' roots at mining symposium
Is Qantas chairman Leigh Clifford missing his old mining industry haunts?
The former Rio Tinto boss is taking a walk down memory lane this week, giving the keynote speech at the Broken Hill Resources Investment Symposium.
The former Rio Tinto boss is taking a walk down memory lane this week, giving the keynote speech at the Broken Hill Resources Investment Symposium.
CBD was not sure what attracted him to the affair until we saw the headline act that follows his John Collier Oration on Tuesday night.
Cold Chisel
Cold Chisel
Good to see he is out and about...
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Well Transition Layer, it was their plan all along. So what's your point?
Oh yeah, I get it. Keep losing money, do nothing, and then lose everybody's job!
for you too!
Oh yeah, I get it. Keep losing money, do nothing, and then lose everybody's job!
for you too!
Last edited by Flying Tiger; 26th May 2014 at 08:56.
You really have to wonder, is there that little talent outside that JH is seriously being considered as a contender for the title.
Agree with earlier - it's time to look externally but really let's face it without LC buggering off, it really will be more of the same.
Agree with earlier - it's time to look externally but really let's face it without LC buggering off, it really will be more of the same.
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I think large-scale radical change at the top is what is required. Changing a few names and bringing in "talent" that has already been involved (infected) with implementing such faulty strategy in Asia begs the question about where the true change and dynamism will come from.
Heads must roll. And lots of them.
Otherwise, it's back to the old "Plus ca change, le plus c'est la même chose".
...Or not?
Heads must roll. And lots of them.
Otherwise, it's back to the old "Plus ca change, le plus c'est la même chose".
...Or not?
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Alan will be ecstatic with the VA April figures released this morning too!!
The release of the figures came after Qantas said last week it would freeze domestic capacity in coming months, citing weak consumer confidence and a slowdown in the mining sector. The decision abandoned its strategy of maintaining its 65 per cent share with the airline's chief executive Alan Joyce saying he was comfortable with 63 per cent.
This is despite Qantas chief financial officer Gareth Evans saying in January that ''stepping back from the 65 per cent would effectively be waving the white flag''
And Macquarie analyst Sam Dobson said Qantas appeared to be losing market share, considering capacity across Virgin's entire group, with includes Tigerair rose 0.3 per cent, while its revenue grew 4.3 per cent.
This is despite Qantas chief financial officer Gareth Evans saying in January that ''stepping back from the 65 per cent would effectively be waving the white flag''
And Macquarie analyst Sam Dobson said Qantas appeared to be losing market share, considering capacity across Virgin's entire group, with includes Tigerair rose 0.3 per cent, while its revenue grew 4.3 per cent.
You really have to wonder, is there that little talent outside that JH is seriously being considered as a contender for the title.
Her aggressive nature (recent senate inquiries) doesn't help her and I also could not help feeling AJ was protecting her 4.40 into this video onwards as an example.. he is a champion at diverting attention and using up valuable time in these situations. To AJ's credit, I don't think JH has the talent to hold up or keeping her composure to hard questions from the media should a sticky situation arise..
What's clear for all to see now, AJ, JH, LC, GE, & the board have been on the wrong strategy which has hurt the whole Qantas group business.
agree 100% with ENT
it's time to look externally but really let's face it without LC buggering off, it really will be more of the same
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It's very Un-Australian that the three major UAE airlines have CEO's that are Australian and Qantas appoints... well, I'm sure we have our words to describe such a thing.
A new board is what Qantas needs and to poach one of the three CEOs over in the sand pit.
A new board is what Qantas needs and to poach one of the three CEOs over in the sand pit.
Flying Tiger,
I'd argue that hundreds of millions have been wasted in the past 5 years on failed JQ ventures around Asia. Money that could have been spent on the mainline product, which in turn would have helped the bottom line.
Don't get me wrong, there is a huge amount of inefficiencies in QF and these are being addressed now. What I am suggesting is that the cuts wouldn't need to be nearly as severe had the big wigs kept their eye on the ball from the outset, rather than focusing their attention on Red Q, JQ HKG, JQ Japan etc etc.
I'd argue without the ball and chain affect of these ventures, QF wouldn't have to return anything to profitability...it would already be in the black.
I'd argue that hundreds of millions have been wasted in the past 5 years on failed JQ ventures around Asia. Money that could have been spent on the mainline product, which in turn would have helped the bottom line.
Don't get me wrong, there is a huge amount of inefficiencies in QF and these are being addressed now. What I am suggesting is that the cuts wouldn't need to be nearly as severe had the big wigs kept their eye on the ball from the outset, rather than focusing their attention on Red Q, JQ HKG, JQ Japan etc etc.
I'd argue without the ball and chain affect of these ventures, QF wouldn't have to return anything to profitability...it would already be in the black.
Why are there any "inefficiencies" left in Qantas? The business has been bleeding cash like a stuck pig for many years and the consultants have gone over it so many times that they must have worn furrows by now!
I refuse to believe that there exists a huge army of alleged "paper shufflers" still employed! They are the first things that should have been removed FFS!
To put it another way, how come the airline has been screaming about pilot and engineers working conditions and outsourcing same when there is apparently still a Five Thousand person bunch of low hanging fruit that hasn't been picked??????
Something's not right!
I refuse to believe that there exists a huge army of alleged "paper shufflers" still employed! They are the first things that should have been removed FFS!
To put it another way, how come the airline has been screaming about pilot and engineers working conditions and outsourcing same when there is apparently still a Five Thousand person bunch of low hanging fruit that hasn't been picked??????
Something's not right!
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Sunfish,
I agree with you totally regarding your last post.
Unfortunately you are wrong! : there are more "paper shufflers" there than workers and two or three levels of management that just don't need to be there.
The ONLY slightly good (relative term) thing I can say about our senior management is that they probably don't even know what is going on because of all the filtering these layers do.
When they do make someone redundant it is invariably the wrong people.
Qantas is stuffed, and it is senior management and the board over the last ten to fifteen years that have done it.
That said, the right management there for a while and it could be fixed.
I agree with you totally regarding your last post.
Unfortunately you are wrong! : there are more "paper shufflers" there than workers and two or three levels of management that just don't need to be there.
The ONLY slightly good (relative term) thing I can say about our senior management is that they probably don't even know what is going on because of all the filtering these layers do.
When they do make someone redundant it is invariably the wrong people.
Qantas is stuffed, and it is senior management and the board over the last ten to fifteen years that have done it.
That said, the right management there for a while and it could be fixed.
I remember a wise man once said to me that what needs to be done is 'shut down head office for two weeks, anyone who doesn't have a voicemail on the phone when it reopens should be sacked!'
Might be a good start.
Might be a good start.
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What's clear for all to see now, AJ, JH, LC, GE, & the board have been on the wrong strategy which has hurt the whole Qantas group business.
agree 100% with ENT
Quote:
it's time to look externally but really let's face it without LC buggering off, it really will be more of the same
Exactly where things are at now... he still has control....
agree 100% with ENT
Quote:
it's time to look externally but really let's face it without LC buggering off, it really will be more of the same
Exactly where things are at now... he still has control....