Court Action Against Qantas
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WTF is the "optimum tech-crewing ratio requirement"?
Australopithecus,
I think I got most of the humour and sarc/irony, but WTF is the "optimum tech-crewing ratio requirement" and how and by whom is it determined?
I think I got most of the humour and sarc/irony, but WTF is the "optimum tech-crewing ratio requirement" and how and by whom is it determined?
Scrubba: you know exactly WTF the optimum crewing ratio is. Divide the number of monthly hours an aeroplane flies by the (CASA maximum annual hours/12). Anything outside these theoretical maxima is usually the effect of inneficient rostering.
Your average line pilot can fly the CASA mandated maximum hours within the constraints of the working agreements. The fact that the company is unwilling to utilise the aircraft and crews to the most efficient level is not the fault of the pilots.
Oh! One other thing! The company, in a bizarre act of self-abuse is carrying a huge number of surplus pilots. One of their methods of dealing with that is to over crew the 737 since it pays the lowest monthly hour limit. They refuse to create an avenue into Jetstar (a QF enterprise), and they refuse to exercise conventional remedies. They insist on down-sizing the airline, axing profitable routes, failing to have a long-haul fleet plan, failing to provide the simplest common-friggin-decency act of career progression planning.
Here is an exercise for the student: plot the number of managers and executives against the number of aircraft over the last ten years. See a trend? Go fix that then come talk to me about my long suffering colleagues.
Your average line pilot can fly the CASA mandated maximum hours within the constraints of the working agreements. The fact that the company is unwilling to utilise the aircraft and crews to the most efficient level is not the fault of the pilots.
Oh! One other thing! The company, in a bizarre act of self-abuse is carrying a huge number of surplus pilots. One of their methods of dealing with that is to over crew the 737 since it pays the lowest monthly hour limit. They refuse to create an avenue into Jetstar (a QF enterprise), and they refuse to exercise conventional remedies. They insist on down-sizing the airline, axing profitable routes, failing to have a long-haul fleet plan, failing to provide the simplest common-friggin-decency act of career progression planning.
Here is an exercise for the student: plot the number of managers and executives against the number of aircraft over the last ten years. See a trend? Go fix that then come talk to me about my long suffering colleagues.
Join Date: Jul 2011
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Court Action Against Qantas
Why do idiots keep suggesting it's the staff that need to make pay concessions?
The staff didn't put the company in this position.
It sounds like everyone is forgetting what the 'A' in EBA stands for. The company and the staff collectively agree to these terms and conditions. As soon as people start offering pay cuts to work we will turn out like the U.S. with airline staff giving up everything from hourly pay to annual vacation time. We need to stop falling victim to the argument that we as the staff are the issue!
The staff didn't put the company in this position.
It sounds like everyone is forgetting what the 'A' in EBA stands for. The company and the staff collectively agree to these terms and conditions. As soon as people start offering pay cuts to work we will turn out like the U.S. with airline staff giving up everything from hourly pay to annual vacation time. We need to stop falling victim to the argument that we as the staff are the issue!
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Just doing some sniffing around on the ASX website. Noted that Sept-Oct this year Qantas bought back $62M of their own shares. I would think that by then they would have been fully aware that they were heading for their biggest ever half yearly loss.
Why would a company be buying back its own shares knowing that the share price would plummet when their half yearly forecast was made public?
Why would a company be buying back its own shares knowing that the share price would plummet when their half yearly forecast was made public?
Share price/bonus link?
Share price/Ratings Agency link?
Where did the cash come from? Borrowed?
Share price/Ratings Agency link?
Where did the cash come from? Borrowed?
Buybacks also underpin the share price to an extent and also allows stale or larger holders a chance to exit their holdings without depressing the market more than it usually would.
Join Date: Aug 2011
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If qf management knew of looming loss at time of buy back someone needs to do something but that is unlikely to happen given all vested interests involved.
Also if any link could be found between board knowledge and large shareholders sale then that could be an interesting court case
Market seems to be treated like fools yet again while those in the know get away with whatever they are up to.
Also if any link could be found between board knowledge and large shareholders sale then that could be an interesting court case
Market seems to be treated like fools yet again while those in the know get away with whatever they are up to.
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Under buy back rules, disclosure must be provided on which shareholders have sold their shares back to Qantas.
Might be interesting to find if there has or has not been compliance on this.
Might be interesting to find if there has or has not been compliance on this.
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This is a link to Airbus insider dealing charges.
http://www.ft.com/cms/s/0/db043bb0-5...#axzz2qTJNOS9g
http://www.ft.com/cms/s/0/db043bb0-5...#axzz2qTJNOS9g
