MERGED: Alan's still not happy......
Don't forget that approximately 35% of the headline number will be one-off redunancy payments which they have ramrodded through to show in this year's results.
The article linked above cites an unamed analyist calling for Qantas to shed most of its international routes, but fails to explore that idea further. The viability of Qantas without a significant international route structure is much less than certain.
As has amply been listed before, the magnitude of the international losses can (and then some) be shown to be the result of management intransigence regarding its fleet choices and its pathalogical fascination with all things non-Qantas (the various Jetstars, Cohbram, Lockouts, Qantas angels (FFS), QSA, The Urgent need for 3 Billion/ "No need for cash here folks" a week later spectacle// lounges ¡si! Aeroplanes ¡no!// Etc...
The article linked above cites an unamed analyist calling for Qantas to shed most of its international routes, but fails to explore that idea further. The viability of Qantas without a significant international route structure is much less than certain.
As has amply been listed before, the magnitude of the international losses can (and then some) be shown to be the result of management intransigence regarding its fleet choices and its pathalogical fascination with all things non-Qantas (the various Jetstars, Cohbram, Lockouts, Qantas angels (FFS), QSA, The Urgent need for 3 Billion/ "No need for cash here folks" a week later spectacle// lounges ¡si! Aeroplanes ¡no!// Etc...
Last edited by Australopithecus; 26th Aug 2014 at 23:42.
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the result of management intransigence regarding its fleet choices
Yeh, you little t##d, you're paid for that hindsight - it's called strategy, long term planning.
Here we go again, another 2000?! There aren't enough guys and girls doing the work as it is-some analyst!
http://www.perthnow.com.au/travel/travel-news/qantas-needs-to-cut-2000-more-jobs-to-turn-its-fortunes-around-analyst-claims/story-fnjjv9zm-1227037649654#social-comments
I say a class action against the CEO, the board and the shareholders that put (and keep) them there. Zzzzzzzzz I know, tell me I'm dreamin'.
http://www.perthnow.com.au/travel/travel-news/qantas-needs-to-cut-2000-more-jobs-to-turn-its-fortunes-around-analyst-claims/story-fnjjv9zm-1227037649654#social-comments
I say a class action against the CEO, the board and the shareholders that put (and keep) them there. Zzzzzzzzz I know, tell me I'm dreamin'.
Air New Zealand profit takes off | Stuff.co.nz
What I find so fascinating is that numerous airlines in Asia Pacific are posting big profits and ALL are saying that 'reduced fuel costs' are a big part. Switch to Qantas Group and they are saying times are tough and one of the main reasons in 'increased fuel costs'. I think they need to find a new fuel supplier. Qantas Board / CEO / Strategy are an embarrassment.
What I find so fascinating is that numerous airlines in Asia Pacific are posting big profits and ALL are saying that 'reduced fuel costs' are a big part. Switch to Qantas Group and they are saying times are tough and one of the main reasons in 'increased fuel costs'. I think they need to find a new fuel supplier. Qantas Board / CEO / Strategy are an embarrassment.
Cathay Pacific are making money despite themselves especially with cheap Asian labour. As for 'valuing' staff, pilot/'management' relations are at an all time low. Also, have a look at the latest new-joiner conditions; they are appalling.
Clipped: i remember seeing that and thinking that they only made one obvious dud fleet choice (777s). But they made several wrong choices about the airline they were being overpaid to manage. They chose to (mis)manage Jetstar rather than guide QF into the future.
In any event they have had around 4000 days to reconsider the 777...every day that goes by with no action is both a stinging indictment of their ineptitude and another lost delivery slot. All of the other fluff they do; the lounges, FF, valet parking, Olivia, Neil Perry, ad infinitum...all of that is masturbatory when the basic Airline 101 stuff is screwed up. Fleet choices, route frequency...those two, and many more, basics have eluded our collection of auto-crankers.
In any event they have had around 4000 days to reconsider the 777...every day that goes by with no action is both a stinging indictment of their ineptitude and another lost delivery slot. All of the other fluff they do; the lounges, FF, valet parking, Olivia, Neil Perry, ad infinitum...all of that is masturbatory when the basic Airline 101 stuff is screwed up. Fleet choices, route frequency...those two, and many more, basics have eluded our collection of auto-crankers.
Captain Dart................with all due respect, Cathay employ a lot more people than Pilots!
RE QF and the 777, yes a missed opportunity, but lets remember they ordered another very capable Boeing twin, the 787, which Qantas should have had years ago, that was capable of, unlike the 777, of doing two roles for Qantas, long haul and Regional flights for International, and replace the 767s and 330s on domestic wide body flights.777 is too big for 1hr domestic runs!
No doubt the 777 is a great aircraft, and great to fly as a pilot, but to fly on as a passenger, give me a 787 or 380 any day!!!
RE QF and the 777, yes a missed opportunity, but lets remember they ordered another very capable Boeing twin, the 787, which Qantas should have had years ago, that was capable of, unlike the 777, of doing two roles for Qantas, long haul and Regional flights for International, and replace the 767s and 330s on domestic wide body flights.777 is too big for 1hr domestic runs!
No doubt the 777 is a great aircraft, and great to fly as a pilot, but to fly on as a passenger, give me a 787 or 380 any day!!!
short flights long nights
777 too big for 1 hour runs? Better tell EK that, they use it on 45 minute flights and they use the A380 on 2 hour flights. Profitable misuse of aircraft is what it is called.
And I still think a couple of ex EK 777 200s, that would cost nothing, would be perfect for QF for transcontinental and regional flights.
And I still think a couple of ex EK 777 200s, that would cost nothing, would be perfect for QF for transcontinental and regional flights.
Boe787... The 787 is not a suitable QF trunk route long haul aircraft. That means that it is not optimised for the bread and butter routes that Qantas International still seeks to service. The 787 seems to be a fantastic plane for its role, but the 330 already covers very well the routes in this hemisphere.
The 380 is delightful to pax on, but I would not want to have to pay the difference in fares to offset the higher seat/km costs that the pundits insist is the case.
The 380 is delightful to pax on, but I would not want to have to pay the difference in fares to offset the higher seat/km costs that the pundits insist is the case.
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AJ stated the 787 would be a "game changer" for the airline. That it would allow QF to "leapfrog" it's competitors.
AJ must have had routes in mind, that the "leapfrogging" would occur on.
However the reality is, AJ has kicked the can down the street on new aircraft replacements for mainline for such a long time. The competitors have leapfrogged Qantas with fuel savings (ie: Air NZ)
AJ must have had routes in mind, that the "leapfrogging" would occur on.
However the reality is, AJ has kicked the can down the street on new aircraft replacements for mainline for such a long time. The competitors have leapfrogged Qantas with fuel savings (ie: Air NZ)
SOPS, yes sure if you have a fleet of 777s and 380s as big as Emirates, you can misuse them on short sectors!!
Australopithecus,
Which QF long haul routes cant the 787/9 fly for Qantas,except say Joberg and Santiago,that the 380s are not currently operating?
I think the desired end result for Qantas was 3 types, 380,787 and 737.
United start melbourne LAX later in the year with 787/9s, and ANA and JAL are using their 787 fleets for a mixture of domestic short haul and long haul routes!
But one could argue, therein lies the Qantas mistake, ANA and JAL also have large fleets of 777s, as their large aircraft for long haul, not 380s.
For sure Qantas would be in a better position with 777s,787s and 737s, a very efficient fleet!
Australopithecus,
Which QF long haul routes cant the 787/9 fly for Qantas,except say Joberg and Santiago,that the 380s are not currently operating?
I think the desired end result for Qantas was 3 types, 380,787 and 737.
United start melbourne LAX later in the year with 787/9s, and ANA and JAL are using their 787 fleets for a mixture of domestic short haul and long haul routes!
But one could argue, therein lies the Qantas mistake, ANA and JAL also have large fleets of 777s, as their large aircraft for long haul, not 380s.
For sure Qantas would be in a better position with 777s,787s and 737s, a very efficient fleet!
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I'm guessing tomorrows results will also be the opportunity for AJ to announce what he plans to do with the next 5 orange tailed 787's due for delivery over the next 15 months.
Meanwhile, more mainline wide body Boeing Captains are being "redeployed" to the right hand seat.
More of the same
Meanwhile, more mainline wide body Boeing Captains are being "redeployed" to the right hand seat.
More of the same
Flight Centre has just announced a pre tax profit of $367.5M for the year.
They are forecasting a pre tax profit of around $400M for next year. QF might be better running a travel agency, no wait a minute, they failed on that also and closed all of them.
They are forecasting a pre tax profit of around $400M for next year. QF might be better running a travel agency, no wait a minute, they failed on that also and closed all of them.
They are forecasting a pre tax profit of around $400M for next year. QF might be better running a travel agency, no wait a minute, they failed on that also and closed all of them.
Their attitude is 'How good is this!! We sell Qf tickets, but put the pax on EK (etc etc etc etc) and don't have to worry about our own incompetence - we still get paid for it!'
Of course, once you give away the pax you don't get them back, but we aren't talking about people with any competence in anything whatsoever.
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Don't forget that approximately 35% of the headline number will be one-off redunancy payments which they have ramrodded through to show in this year's results.
Looks like they've maintained their 65% line in the sand !
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Here we go again, another 2000?! There aren't enough guys and girls doing the work as it is-some analyst!
Have you been to the blue buildings lately and seen some the the suit wearing coffee sippers socialising over there? Or have you wondered how fresh faced HR staff found their way into first class when they have been working here all of 5 minutes?
There is a rort going on mate, and it has been happening for some time.
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The Drum - ABC
Just watched a very interesting 5 minute interview with the X man toward the end (last 8 mins) of The Drum on ABC with Steve Cannane. Anyone with a vested interest in QF be they investors or staff should do themselves the service of watching this concise summation of recent events. Of great interest is the Senator taking his complaints to ASIC. Well done to Senator Xenophon and the people behind the scenes, looks like the SMH tomorrow will be an interesting read!
The Drum Wednesday August 27 - The Drum (Australian Broadcasting Corporation)
The Drum Wednesday August 27 - The Drum (Australian Broadcasting Corporation)