MERGED: Alan's still not happy......
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TMA9X: Code for "Will this strengthen our political position or weaken it? Will this be a shining moment or a dog dropped in our laps? What initially looked like a righteous action to uphold a community icon, on further investigation is looking more and more like throwing a fortune at consultants to try and save an old, stray, critically injured dog." Woof!
My opinion: Qantas as an entity is starting to realize that there is no light at the end of the tunnel. Can't go forward and can't go back. 15-20 years of ridiculous, self-flagellating, micro-managing C-level decisions and ideologically driven board directives are coming home to roost. The only choice is await a Peruvian-style rescue attempt and hope supplies last.
Should the gummint, in a moment of philanthropic self-delusion, decide to guarantee QF's debt, the stipulations should be exorbitant. A broom through the board and the management for starters. The problem then is how to avoid political appointments to the new positions, so that the organisation can be run like a business (or at least perceived to be) so that the company can be turned around. Gummints are notoriously bad at running businesses. It must be incredibly tempting to leave Qantas suffocate in the tunnel of its own making.
My opinion: Qantas as an entity is starting to realize that there is no light at the end of the tunnel. Can't go forward and can't go back. 15-20 years of ridiculous, self-flagellating, micro-managing C-level decisions and ideologically driven board directives are coming home to roost. The only choice is await a Peruvian-style rescue attempt and hope supplies last.
Should the gummint, in a moment of philanthropic self-delusion, decide to guarantee QF's debt, the stipulations should be exorbitant. A broom through the board and the management for starters. The problem then is how to avoid political appointments to the new positions, so that the organisation can be run like a business (or at least perceived to be) so that the company can be turned around. Gummints are notoriously bad at running businesses. It must be incredibly tempting to leave Qantas suffocate in the tunnel of its own making.
Last edited by Lodown; 26th Feb 2014 at 17:39.
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Private enterprises come and go all the time. It's an evolutionary process and it works remarkably well in most cases. And private enterprise generally gets to "play" with money from investors who voluntarily part with their cash understanding the risks and possible returns. Governments are playing with taxpayer and future taxpayer funds. I don't want the government investing in an airline. Let me keep my money and I'll spend it elsewhere. A question to ask is: "If private investors run away from the option to provide additional funds to Qantas, then what makes the gummint think it can make money from the venture?" It can't unless it tilts the playing field heavily in its favour with regulations, which then detrimentally impacts every other aviation corporation.
Qantas has done exceptionally well to last this long. 3/4's of the time under protective government mandates. (There's a case to be made for arguing 100% of the time under protective government mandates.) There are not many organisations that can boast likewise. Should Qantas go under, there will be a huge market opportunity for another company or companies to step into.
Qantas has done exceptionally well to last this long. 3/4's of the time under protective government mandates. (There's a case to be made for arguing 100% of the time under protective government mandates.) There are not many organisations that can boast likewise. Should Qantas go under, there will be a huge market opportunity for another company or companies to step into.
Last edited by Lodown; 26th Feb 2014 at 20:49.
If I hear one more commentator say that "Qantas definitely needs to cut costs" I'll throw up.
What ever happened to the "increase revenue" option ?
I Have not read anything from anyone about growing the company.
You can cut costs to nil, but without revenue, you go under. Even I, in my small one man business, knows that.
What ever happened to the "increase revenue" option ?
I Have not read anything from anyone about growing the company.
You can cut costs to nil, but without revenue, you go under. Even I, in my small one man business, knows that.
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The Political Strangle Hold Tightens Today......
Today the gun will be raised to more workers heads. The safety will come off when Mr Abbott has exercised political advantage in the senate.
Mr Abbott will answer every enquiry with connection to his senate impotence and 'removing the carbon tax'. Sad really.....
This is so much bigger than just one company.
Mr Abbott will answer every enquiry with connection to his senate impotence and 'removing the carbon tax'. Sad really.....
This is so much bigger than just one company.
Last edited by Acute Instinct; 26th Feb 2014 at 21:27.
Qantas is going to sell its treasures to its "freinds" and leave the current mum and Dad shareholders with the trash.
Word from a pilot friend lst night is that international is gone. All EK codeshare from now on.
Word from a pilot friend lst night is that international is gone. All EK codeshare from now on.
Out!
$252M losses
$252M losses
Retirement of all B767-300 aircraft by third quarter of financial year 2014/2015
Retirement of the six oldest B747-400 (not reconfigured) aircraft by second-half of financial year 2015/2016
JetStar Asia growth suspended.
Retirement of the six oldest B747-400 (not reconfigured) aircraft by second-half of financial year 2015/2016
JetStar Asia growth suspended.
Sunfish - I was told by a senior (ex) QF executive on the weekend that the Bilateral System/Agreements means that EK won't get AUS-USA and many other routes.
Before an airline can operate international services to another country, the government must first negotiate a treaty level agreement with the destination country’s government. These treaties are known as bilateral air services agreements.
Before an airline can operate international services to another country, the government must first negotiate a treaty level agreement with the destination country’s government. These treaties are known as bilateral air services agreements.
The Australian Government has negotiated over 68 bilateral air services agreements and associated arrangements. These agreements allow our airlines to offer the range of services that they do today.
Bilateral air services agreements/arrangements contain provisions on;
Traffic rights—the routes airlines can fly, including cities that can be served within, between and beyond the bilateral partners.
Capacity—the number of flights that can be operated or passengers that can be carried between the bilateral partners.
Designation, Ownership and Control—the number of airlines the bilateral partners can nominate to operate services and the ownership criteria airlines must meet to be designated under the bilateral agreement. This clause sometimes includes foreign ownership restrictions.
Bilateral air services agreements/arrangements contain provisions on;
Traffic rights—the routes airlines can fly, including cities that can be served within, between and beyond the bilateral partners.
Capacity—the number of flights that can be operated or passengers that can be carried between the bilateral partners.
Designation, Ownership and Control—the number of airlines the bilateral partners can nominate to operate services and the ownership criteria airlines must meet to be designated under the bilateral agreement. This clause sometimes includes foreign ownership restrictions.
6 month losses roughly the same as what his (mis) management cost over 72 hours in 2011. Fvcking hopeless!
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Have to feel sorry for Qantas staff and pissed off that a great airline
- I prefer flying Q to others - has been brought down to it's knees
from what it was only a few years ago.
- I prefer flying Q to others - has been brought down to it's knees
from what it was only a few years ago.