QF AUS Letdown: Australia's highest paid Company CEO.
Qantas, CEO pay = $23.9 million, revenue = $18 billion, fleet size 130
let's compare what other airline CEO's get: (converted to AUD)
2018 pay:
American airlines = CEO $17.6 million, revenue = $65.2 billion, fleet size 940 (largest airline in the world)
Delta airlines = CEO $22 million, revenue = $70 billion, fleet size 915 (2nd largest airline in the world)
United Airlines = CEO $15.4 million, revenue = $60.4 billion, fleet size 787
Southwest airlines = CEO $11.3 million, revenue = $32.2 billion, fleet size 753
From the 4 above, the average CEO in the US earns about $2.9 ($2.7 - $3.1) million per every $10 billion of revenue. This means the Qantas CEO should only earn about $4.9 - 5.6 million based on the Qantas revenue.
Qantas isn't even in the top 10 (regarding airline size ranking) yet the CEO earns more than the some of largest airlines in the world,
https://skift.com/2018/05/29/these-u...ney-last-year/
let's compare what other airline CEO's get: (converted to AUD)
2018 pay:
American airlines = CEO $17.6 million, revenue = $65.2 billion, fleet size 940 (largest airline in the world)
Delta airlines = CEO $22 million, revenue = $70 billion, fleet size 915 (2nd largest airline in the world)
United Airlines = CEO $15.4 million, revenue = $60.4 billion, fleet size 787
Southwest airlines = CEO $11.3 million, revenue = $32.2 billion, fleet size 753
From the 4 above, the average CEO in the US earns about $2.9 ($2.7 - $3.1) million per every $10 billion of revenue. This means the Qantas CEO should only earn about $4.9 - 5.6 million based on the Qantas revenue.
Qantas isn't even in the top 10 (regarding airline size ranking) yet the CEO earns more than the some of largest airlines in the world,
https://skift.com/2018/05/29/these-u...ney-last-year/
something about monopolistic position in the markets it operates in.
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Did I find the answer to the reason for AJ's remuneration, I mean compensation, in the most unlikely of news articles?
https://www.smh.com.au/business/bank...05-p52ofi.html
https://www.smh.com.au/business/bank...05-p52ofi.html
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Sad.....as someone who has ties back to the TAA days...I find it all very abohorrant.....I don't beleive for a mniute anyone woke up one morning and decided to 'ground an airline' on a random Saturday morning, and that was the end for me....not saying anyone lied...but accommodation was already arranged for many I believe....
I do all I can to avoid the 'Rat' now....supporting the QF group is to support AJ and his demonstrably over the top remuneration.
But I am one very very small little fishy indeed...but I do act on principle where possible, and avoinding QF group travel is my very own less than miniscule protest....somone has to.
I'm all for the Gay rights movement etc. but painting planes with rainbows is somewhat rather tacky, and if it's about equality.....then you have it AJ, start protesting about NOT holding the Mardi Gras...it's a cake ands eat it too thing.
Not overly religious myself, but I do support Israel Folaus (?) right to express his beliefs....to try & thwart his religious freedom is the same oppresion from which the Gay community sought to liberate itself from....so in essence Hypocritical to the core
My humble travel protests will never harm the good and honest folk at QF...but it brings a smile to my face when I know my $ does not translate to $ for Alan.....thankfully for the 'Coal Face' staff, that will not either...you can always count on an ignorant and apathetic Australian populace / electorate to ensure AJ has market balance...and a whole bunch of of 'soft corruption' affilates who have no scrupples when it comes to 'Chairmans lounge memberships' ....nowadays I feel fortunate not to be a member of the Australian 'Class' that expects 'Chairmans' membership.
My name is not 'tainted' and I made my (very small) principled stand.
I sleep well...
I do all I can to avoid the 'Rat' now....supporting the QF group is to support AJ and his demonstrably over the top remuneration.
But I am one very very small little fishy indeed...but I do act on principle where possible, and avoinding QF group travel is my very own less than miniscule protest....somone has to.
I'm all for the Gay rights movement etc. but painting planes with rainbows is somewhat rather tacky, and if it's about equality.....then you have it AJ, start protesting about NOT holding the Mardi Gras...it's a cake ands eat it too thing.
Not overly religious myself, but I do support Israel Folaus (?) right to express his beliefs....to try & thwart his religious freedom is the same oppresion from which the Gay community sought to liberate itself from....so in essence Hypocritical to the core
My humble travel protests will never harm the good and honest folk at QF...but it brings a smile to my face when I know my $ does not translate to $ for Alan.....thankfully for the 'Coal Face' staff, that will not either...you can always count on an ignorant and apathetic Australian populace / electorate to ensure AJ has market balance...and a whole bunch of of 'soft corruption' affilates who have no scrupples when it comes to 'Chairmans lounge memberships' ....nowadays I feel fortunate not to be a member of the Australian 'Class' that expects 'Chairmans' membership.
My name is not 'tainted' and I made my (very small) principled stand.
I sleep well...
But I am one very very small little fishy indeed...but I do act on principle where possible, and avoinding QF group travel is my very own less than miniscule protest....
I'm all for the Gay rights movement etc. but painting planes with rainbows is somewhat rather tacky, and if it's about equality.....then you have it AJ, start protesting about NOT holding the Mardi Gras...it's a cake ands eat it too thing.
I'm all for the Gay rights movement etc. but painting planes with rainbows is somewhat rather tacky, and if it's about equality.....then you have it AJ, start protesting about NOT holding the Mardi Gras...it's a cake ands eat it too thing.
Israel Folau as well for that matter, almost all Australian corporations have those employee policies in place that he violated so again you’ll be hard pressed to give money to a corporation that wouldn’t have done a similar thing.
short flights long nights
When Qantas was ‘Qantas’... I mean the government owned airline, that flew around the world, how much did the person who ran it get paid?
You can not convince me that anyone is worth 25 million to run QF. Or any other company for that matter.
You can not convince me that anyone is worth 25 million to run QF. Or any other company for that matter.
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FYI, the campaigns for gay rights and same sex marriage were supported by both airline groups in Australia (as well as most major transportation corporations like P&O Cruises and Greyhound Buses) so you’ll be hard pressed to travel domestically and not give dollars to a company that supports gay rights and the SSM campaign.
Israel Folau as well for that matter, almost all Australian corporations have those employee policies in place that he violated so again you’ll be hard pressed to give money to a corporation that wouldn’t have done a similar thing.
Yeah yeah, i get that...we all have to show 'Solidarity' apparently....& I never had a problem...but having been accepting and accommodating for so long now I am being made to be 'Force fed' like a French goose....cannot it be accepted that i always accepted for so long...without being ostracised?......It starts to turn me against this 'equality' thing.....when I am not treated equal
Israel Folau as well for that matter, almost all Australian corporations have those employee policies in place that he violated so again you’ll be hard pressed to give money to a corporation that wouldn’t have done a similar thing.
Yeah yeah, i get that...we all have to show 'Solidarity' apparently....& I never had a problem...but having been accepting and accommodating for so long now I am being made to be 'Force fed' like a French goose....cannot it be accepted that i always accepted for so long...without being ostracised?......It starts to turn me against this 'equality' thing.....when I am not treated equal
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If Israel Folau is afforded the freedom of speach in a free country....and the right to identify with a religous organisation..then I fail to see how that freedom of speach is a bad thing
If he was a muslim...and rather than suggestiong but insisting on eternal damnation by way of sexual orintation, then certain sectors of the community would be jumping to his defence.......just sayin'....
If he was a muslim...and rather than suggestiong but insisting on eternal damnation by way of sexual orintation, then certain sectors of the community would be jumping to his defence.......just sayin'....
It’s not the $25m per se that grates so much, it’s what he’s done to get it. Acting in NO ONE’S interest but his own. If a clear and obvious path existed to make a decision for the long term benefit of the company, he’d deliberately not take it, but sell whatever it was for a few pieces of silver.
Disgusting!
As stated above, many times, people have swollowed his BS for a long time. He's basically not acted in the airlines' best interests since being there. Many examples include; trying to finish off Dixon's work, timely fleet renewal, outsourcing everything and culling experienced staff, giving away routes, stifling employees' pays for his own gain and creating a toxic work environment, etc, etc.
Governments won't act, as it's a good earner potentially in an a executive /board role after politics, lounge is comfortable and the donations are nice.
Corporation leaders keep quiet, for obvious reasons.
People on the street buy this rubbish, which is spread by the PR machine, 'that all is well' and 'Airline staff are rich and don't deserve a pay rise.'
To top it off, not many employees will action/support meaningful Industrial Action to any of the above issues; including wage stagnation and a CEO taking ridiculous Pay Packets. Ridiculous Pay Packets will continue for some, as Unions are bad now, as seen in the right controlled media (wonder why wage growth is bad too now?), and/or can't be bothered and/or, it's not my problem, and/or any other lam ass excuse.
Cry on here, as it will continue, until some decide to take the Power back.
Governments won't act, as it's a good earner potentially in an a executive /board role after politics, lounge is comfortable and the donations are nice.
Corporation leaders keep quiet, for obvious reasons.
People on the street buy this rubbish, which is spread by the PR machine, 'that all is well' and 'Airline staff are rich and don't deserve a pay rise.'
To top it off, not many employees will action/support meaningful Industrial Action to any of the above issues; including wage stagnation and a CEO taking ridiculous Pay Packets. Ridiculous Pay Packets will continue for some, as Unions are bad now, as seen in the right controlled media (wonder why wage growth is bad too now?), and/or can't be bothered and/or, it's not my problem, and/or any other lam ass excuse.
Cry on here, as it will continue, until some decide to take the Power back.
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Alan Joyce ASX notice of sale: https://www.asx.com.au/asxpdf/20190830/pdf/448264170rhrr4.pdf]Change of Directors interest 30/08/2019
Just eyeballing it looks, like a sale of 347,012 shares at an average price of $5.9250 per share. His current holding is 1,338,000 shares.
Just eyeballing it looks, like a sale of 347,012 shares at an average price of $5.9250 per share. His current holding is 1,338,000 shares.
The US airlines would love to also generate TWICE the revenue per aircraft as QF seems to achieve on those metrics......
something about monopolistic position in the markets it operates in
something about monopolistic position in the markets it operates in
Fine, doesn't this mean CEO's in the USA have to work a lot harder to generate revenue due to the stiff competition, and the reason that QF has so much revenue per aircraft is purely because of its monopolistic position and nothing to do with the work of the CEO.
Once again, the CEO's in the USA have to work so much harder amongst stiff competition but get paid less. In the meantime, QF is in a monopolistic position and the revenue just comes in without any hard work at all.
This sure smacks of arrogance and hypocrisy when the QF CEO is paid $23.9 million dollars. Makes you wonder just who is really doing the squeezing!!
Qantas, Virgin bosses say lack of monopoly regulation on airports squeezing consumers and airlines dry
The two big airline bosses will visit Canberra on Wednesday to urge Treasurer Josh Frydenberg to regulate airports to stop them charging excessive landing fees.[/SPOILER]
Apologies for the large print but I don't know how to reduce the size.
Last edited by RodH; 18th Sep 2019 at 01:55. Reason: Typing size
Less than a line Captain on the 747.
So you are basically saying airlines in the USA find it harder to generate as much per aircraft as Qantas due to stiff competition, whilst QF generates it's income a lot easier due to the monopolistic position.
Fine, doesn't this mean CEO's in the USA have to work a lot harder to generate revenue due to the stiff competition, and the reason that QF has so much revenue per aircraft is purely because of its monopolistic position and nothing to do with the work of the CEO.
Once again, the CEO's in the USA have to work so much harder amongst stiff competition but get paid less. In the meantime, QF is in a monopolistic position and the revenue just comes in without any hard work at all.
Fine, doesn't this mean CEO's in the USA have to work a lot harder to generate revenue due to the stiff competition, and the reason that QF has so much revenue per aircraft is purely because of its monopolistic position and nothing to do with the work of the CEO.
Once again, the CEO's in the USA have to work so much harder amongst stiff competition but get paid less. In the meantime, QF is in a monopolistic position and the revenue just comes in without any hard work at all.
For clarity... I am pointing out the differences. I did not say that CEO’s in the USA should get more if they emulated the returns.
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A CEO selling is generally frowned upon, so unless AJ needed the money, one should probably ask the question of why he sold?
Let's look at another perspective.
Don't you think it's appropriate for a CEO to get paid an appropriate amount to the size of the company (assets and employees), the same way pilots get paid appropriately to the size of aircraft they fly (MTOW and passengers) ?
A CEO of a larger company (more assets/aircraft/employees) might have to work harder, will have more responsibilities and will have to manage more people and assets compared to a CEO of a smaller company, and so it's only appropriate they get paid more.
Qantas - assets = $17.2 billion, employees = 26,000, aircraft = 130
Delta airlines - assets = $60.3 billion, employees = 86,500, aircraft = aircraft = 911
Southwest airlines - assets = $26.2 billion, employees = 59,800, aircraft = 753
Here is the CEO pay again:
Qantas - $23.9 mil
Delta - $22 mil
Southwest - $11.3 mil
Does it make sense (is it fair) that Qantas is a much smaller than the other airlines yet the CEO earns so much more ?
Southwest airlines, more than double the size of Qantas yet the CEO only earns half as much.
Don't you think it's appropriate for a CEO to get paid an appropriate amount to the size of the company (assets and employees), the same way pilots get paid appropriately to the size of aircraft they fly (MTOW and passengers) ?
A CEO of a larger company (more assets/aircraft/employees) might have to work harder, will have more responsibilities and will have to manage more people and assets compared to a CEO of a smaller company, and so it's only appropriate they get paid more.
Qantas - assets = $17.2 billion, employees = 26,000, aircraft = 130
Delta airlines - assets = $60.3 billion, employees = 86,500, aircraft = aircraft = 911
Southwest airlines - assets = $26.2 billion, employees = 59,800, aircraft = 753
Here is the CEO pay again:
Qantas - $23.9 mil
Delta - $22 mil
Southwest - $11.3 mil
Does it make sense (is it fair) that Qantas is a much smaller than the other airlines yet the CEO earns so much more ?
Southwest airlines, more than double the size of Qantas yet the CEO only earns half as much.
Last edited by a_pilot; 18th Sep 2019 at 09:15.
The Australian government didn’t bail out Ansett, hasn’t really provided too much help for QF and has let foreign carriers dominate the international market. The only decision recently that has benefitted domestic carriers was the decision not to allow foreign cabotage in 2015, although there were plenty in cabinet at the time who wanted it and they’ll probably try again some time soon.