Virgin headed for another disaster, says REX chairman
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And yet QF made billions and Virgin lost billions. Hows that work?
That graph is a 'generic', outdated to 2015.
It is meaningless currently. Airlines have a dynamic environment and it is certainly no reflection on VA expenditures.
It is meaningless currently. Airlines have a dynamic environment and it is certainly no reflection on VA expenditures.
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What Mr 'exfocx & Icarus' said/are saying, the 'said' problem IS way bigger 'than' that- to deliver 'this end result' right here/right now..................., for Mine/& for what that is not worth.
THE CREWING/Staff cost did, Not Deliver 'this' Result- yup, 'there' may have been a journey of 'we' are worth 'this', but none of that was in anybodies Best Interests (at 'that' time, given this point in time, as it were) and 'was' ultimately delivered by THE Head-Shed..............
Not, the first time 'that'/this' gig has gone around- if you get 'what' I mean......
Rgds all
S28- BE
THE CREWING/Staff cost did, Not Deliver 'this' Result- yup, 'there' may have been a journey of 'we' are worth 'this', but none of that was in anybodies Best Interests (at 'that' time, given this point in time, as it were) and 'was' ultimately delivered by THE Head-Shed..............
Not, the first time 'that'/this' gig has gone around- if you get 'what' I mean......
Rgds all
S28- BE
DITTo....ozbiggles. i 'have' / 'had' no idea what s28--bE post mean- if you don't.....get what i mean. not may have been-yup THE Head-Case...
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But try doing 70-80 hours a month for 12 months....
Yes.....my Brother in law was doing that every week until stood down, what support do you expect from him or countless others like him??
Ever noticed this country is so wildly expensive to live in now companies depend upon workers working many many unpaid hours?...slaves really....any unpaid work is an admission of a business that is failing under fair terms...they fail because the money they rely upon comes from people not paid enough to be customers of their business and so by underpaying them, and over working them, there is no discretionary spend?
Greed...its called greed...
Yes.....my Brother in law was doing that every week until stood down, what support do you expect from him or countless others like him??
Ever noticed this country is so wildly expensive to live in now companies depend upon workers working many many unpaid hours?...slaves really....any unpaid work is an admission of a business that is failing under fair terms...they fail because the money they rely upon comes from people not paid enough to be customers of their business and so by underpaying them, and over working them, there is no discretionary spend?
Greed...its called greed...
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Fuel costs are always the most expensive cost component of an airline, followed by labor.
Purchasing fuel at the right price can make or break an airline, particularly during a time of crisis. It really does not matter what the price of a barrel is today because the fuel you are burning was locked in at a set price perhaps last month, 3 months ago or 6 months ago. There are various hedging techniques and the whole process can be quite complex as many factors are considered as to what price you should pay. The outcome is a serious one. For example, an airline might lock in 80% of their fuel at a set purchase price for 3 months. The other 20% is set at today’s rate. So if fuel today is $60 per barrel but you hedged 80% of it at $22 per barrel 3 months ago, even though it has steadily climbed to $60 per barrel, you’ve still done well because only 20% of your fuel is at the higher price. But if it is the reverse situation, you have just blown many many millions of dollars by making a poor decision. Qantas has generally done well with its hedging over the years. It hasn’t always got it right, but more often than not it has had skilled analysts who have called the right shots. Not so with Virgin. On numerous occasions they have screwed up the hedge price and it has cost them tens of millions of dollars. The idiot Manny Gill buggered it up twice and it almost sent the then Virgin Blue to the wall. However, being one of ‘Brett’s Boys’ he lived to get paid for another day and was in fact promoted.
Purchasing fuel at the right price can make or break an airline, particularly during a time of crisis. It really does not matter what the price of a barrel is today because the fuel you are burning was locked in at a set price perhaps last month, 3 months ago or 6 months ago. There are various hedging techniques and the whole process can be quite complex as many factors are considered as to what price you should pay. The outcome is a serious one. For example, an airline might lock in 80% of their fuel at a set purchase price for 3 months. The other 20% is set at today’s rate. So if fuel today is $60 per barrel but you hedged 80% of it at $22 per barrel 3 months ago, even though it has steadily climbed to $60 per barrel, you’ve still done well because only 20% of your fuel is at the higher price. But if it is the reverse situation, you have just blown many many millions of dollars by making a poor decision. Qantas has generally done well with its hedging over the years. It hasn’t always got it right, but more often than not it has had skilled analysts who have called the right shots. Not so with Virgin. On numerous occasions they have screwed up the hedge price and it has cost them tens of millions of dollars. The idiot Manny Gill buggered it up twice and it almost sent the then Virgin Blue to the wall. However, being one of ‘Brett’s Boys’ he lived to get paid for another day and was in fact promoted.
Yet another thread about Virgin's downfall and problems. It couldnt have been added to one of the other existing threads??
I honestly believe some of you have serious mental problems. Cannot help yourself and cannot hide the enthusiasm of watching Virgin fail, with 10,000+ people losing their livelihood, houses and possibly life. Enjoy yours why you can........
I honestly believe some of you have serious mental problems. Cannot help yourself and cannot hide the enthusiasm of watching Virgin fail, with 10,000+ people losing their livelihood, houses and possibly life. Enjoy yours why you can........
Despite the plethora of flogs (Inc Mr Lim) here that should be running merchant banks instead of flying aeroplanes, nobody has explained in layman's terms how Kwantarse can pay virtually all of their staff significantly more than Virgin and still turn a large profit, if indeed as the experts say the EBAs need to be slashed at VA???????
Despite the plethora of flogs (Inc Mr Lim) here that should be running merchant banks instead of flying aeroplanes, nobody has explained in layman's terms how Kwantarse can pay virtually all of their staff significantly more than Virgin and still turn a large profit, if indeed as the experts say the EBAs need to be slashed at VA???????
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And before some sook starts accusing me of wanting to see VA collapse, get your emotions in check because that’s not what I want. I’m just stating my opinion on a rumour network. My later years after retiring from flying saw me managing businesses interests that gave me a full comprehension and accurate understanding of how both our national airlines and Governments and how they work. Qantas isn’t perfect and in my opinion they’ve made mistakes over the years. Deferring fleet upgrades for so long that they now have the oldest fleet they’ve ever had, and buying the Dugong are mistakes. AJ will be long gone with his bag of money under his arm when the fleet issues bite hard and they have to spend a motza which will impact profits, but that is a story for the not-so-distant future.
‘Full comprehension and accurate understanding of how both our national airlines and governments and how they work’.
You just outed yourself Mr Geoffrey Thomas.....or Neil Hanford, I can’t pick it.
You just outed yourself Mr Geoffrey Thomas.....or Neil Hanford, I can’t pick it.
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Does anyone know how much of $300mil Regional Aviation Programs REX has been granted.
The Singaporean is firing a shot across his own employees bow using Virgin as an example.
The Singaporean is firing a shot across his own employees bow using Virgin as an example.
