So you need a new fleet Leigh?
Sorry I thought the 787 was replacing the 380 out of Melbourne and not an additional service. My bad. I should pay better attention to the press releases next time.
Google also said it replaced a 744 not the 380, still a reduction of over 100 seats. Someone is going to notice
Cheers
Google also said it replaced a 744 not the 380, still a reduction of over 100 seats. Someone is going to notice
Cheers
Since it became available, the 787 has been doing 5/week MEL-LAX-MEL along with the daily A380. For a month it was to replace the A380 for a month but it now will replace it for 4 of the daily services.
From 25th March, when MEL-PER-LHR starts, it will go back to the original schedule; 5/week until at lest September.
From 25th March, when MEL-PER-LHR starts, it will go back to the original schedule; 5/week until at lest September.
Since it became available, the 787 has been doing 5/week MEL-LAX-MEL along with the daily A380. For a month it was to replace the A380 for a month but it now will replace it for 4 of the daily services.
From 25th March, when MEL-PER-LHR starts, it will go back to the original schedule; 5/week until at lest September.
From 25th March, when MEL-PER-LHR starts, it will go back to the original schedule; 5/week until at lest September.
Not sure where you are getting bad performer from, on 15hr sectors we are burning average of 6T/hr carrying upto 42T of payload. Compared to a 77W on a similar route we are burning almost 30T less with a comparable payload
Just imagine if you had the right aircraft for the right route (Qantas) you could operate a 747 on that 15 hour sector at about 11 tonnes an hour average for a 30 tonne payload. We really are managed by a bunch of clowns.
Well, I have just started operating the A350-900 into AUS; on first impressions it has the same burn as a 330 but with about 30-40 more pax and gets there 20 mins faster (0.85 IMN cruise). As for the flight deck; it's Star Wars, man. Stunning. Airbus got this aircraft right.
Folks,
And now fuel prices are headed up again, the great "turnaround" starts to fray at the edges, is QANTAS EVER seriously modernize the fleet???
With a good investment rating, Qantas has no trouble financing whatever, Airbus or Boeing, talk otherwise in camouflage -- but camouflage for what agenda, the "interests of the shareholders"???
Tootle pip!!
And now fuel prices are headed up again, the great "turnaround" starts to fray at the edges, is QANTAS EVER seriously modernize the fleet???
With a good investment rating, Qantas has no trouble financing whatever, Airbus or Boeing, talk otherwise in camouflage -- but camouflage for what agenda, the "interests of the shareholders"???
Tootle pip!!
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And now fuel prices are headed up again, the great "turnaround" starts to fray at the edges, is QANTAS EVER seriously modernize the fleet???
It is only when the tide goes out you will see who has been swimming naked...
Qantas could be flying towards fleet renewal spending cliff, says S&P
Blind Freddy could have seen this coming. But first we need to blame the foreign ownership laws, and then we’ll blame the pilots for not taking the Network/Jetconnect changes lying down.
Blind Freddy could have seen this coming. But first we need to blame the foreign ownership laws, and then we’ll blame the pilots for not taking the Network/Jetconnect changes lying down.
Folks,
All the S&P analysis says it what has already been said here, time and again. And, of course, many other places.
So the question remains, what is the real long term agenda??
Tootle pip!!
All the S&P analysis says it what has already been said here, time and again. And, of course, many other places.
So the question remains, what is the real long term agenda??
Tootle pip!!
People have been saying what a GENIUS bunch the current management are due to the turn around... but us idiot Pilots and Engineers (and others) have been saying otherwise. Most of us have been indicating that fleet renewal should have been ongoing throughout this period, yet is hasn’t. What would we know!?
Now, it’s seems even the Financial Gurus are cottoning on!
Snippets From the Australian Financial Review, my bolding:
OOPS!
well, Duh!
Indeed it is. And so, the choice they now have, is either they renew the fleet, or the competition eventually eats their lunch.
Qantas Management may very well be furious with S&P right now. The only ammo they really had against Mainline Pilots, was to hold Aircraft orders, ‘fleet renewal’, over their heads. Now those darned investment rating/banker types have gone and told everyone that Qantas is at a point where fleet renewal has to happen Regardless.
It has taken a while, but management seemed to have backed themselves into a little bit of a corner here. Thus, I’m fairly skeptical of Managers seeking Pilot capitulation on the Network/Jetconnect issue,( because otherwise we won’t be able to defend the line against Virgin), in return for heading to the board about ordering more 787s, when, if they don’t order more 787s, the company will be unable to defend its line against Virgin (and others) anyway.
Now, it’s seems even the Financial Gurus are cottoning on!
Snippets From the Australian Financial Review, my bolding:
Ratings agency Standard & Poor's says Qantas will have to significantly boost investment in aircraft just as it may have to resume paying company tax in 2020...
. Qantas has used surplus capital to fund shareholder returns rather than grow invested capital, S&P said.
. We believe increased aircraft investment is inevitable for Qantas given its older fleet and large international exposure," S&P said.
Qantas Management may very well be furious with S&P right now. The only ammo they really had against Mainline Pilots, was to hold Aircraft orders, ‘fleet renewal’, over their heads. Now those darned investment rating/banker types have gone and told everyone that Qantas is at a point where fleet renewal has to happen Regardless.
It has taken a while, but management seemed to have backed themselves into a little bit of a corner here. Thus, I’m fairly skeptical of Managers seeking Pilot capitulation on the Network/Jetconnect issue,( because otherwise we won’t be able to defend the line against Virgin), in return for heading to the board about ordering more 787s, when, if they don’t order more 787s, the company will be unable to defend its line against Virgin (and others) anyway.
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A quick check tells you that S&P are not inside the tent with the 'approved' analysts. You know the ones that get 'special briefings'
As we stated repeatedly nearly $1.75 billion was blown lining their own pockets with curiously timed option vesting dates.
Whilst the tide hasn't yet receded sufficiently to see how naked the little fellow swam, it has turned.
Declining international yields, rising jet fuel prices....
One may postulate that the short side open interest may rise in the near term if Qantas don't succeed in getting stories like this pulled from mainstream papers with advertising spend..
Nero and Rome
"Since its financial turnaround in fiscal 2015, Qantas has used surplus capital to fund shareholder returns rather than to grow invested capital.
"We do not view this as sustainable."
"We do not view this as sustainable."
Whilst the tide hasn't yet receded sufficiently to see how naked the little fellow swam, it has turned.
Declining international yields, rising jet fuel prices....
One may postulate that the short side open interest may rise in the near term if Qantas don't succeed in getting stories like this pulled from mainstream papers with advertising spend..
Nero and Rome
Problem is that people have been saying QF will go broke/collapse for 20+ years, yet they never do and life goes on.
What's different this time as opposed to the other previous near financial disasters?
What's different this time as opposed to the other previous near financial disasters?