QF Group possible Redundancy Numbers/Packages
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Well it won't be covid holding aviation back, ACCC wants QF to play nice to let a competitor be given a fair go what a load of BS. Guess they won't acknowledge QF group has taken a massive financial hit and are in need of having to get revenue. At the end of the administration VA will have a company with billions at hand, should be open slather.
The ACCC has been directed to monitor competition among domestic airlines over the next three years.
A statement form Treasurer Josh Frydenberg said Australia’s national interest was best served through having a sustainable, competitive aviation sector.
He said the direction would require the Australian Competition and Consumer Commission to monitor prices, costs and profits in the domestic air passenger sector.
“A key matter covered will be the level of capacity the airlines are putting on each route and whether this is occurring in a way that may damage competition,” Mr Frydenberg said.
“The ACCC will release reports at least quarterly.”
ACCC Chairman Rod Sims welcomed the direction from government and the “opportunity to ensure competition in the domestic travel market at this time”.
He said the commission would be looking out for any early signs of damage to competition in the domestic airline industry which could harm the long-term interests of consumers.
“This information can then be quickly acted on by the ACCC and/or provided to the government,” said Mr Sims.
Mr Frydenberg indicated the move was a further example of the government’s support for the aviation industry as it navigated the coronavirus pandemic.
“This includes continuing to work constructively with the administrator in relation to the Virgin administration and supporting a market-based solution,” he said.
ACCC told to watch airlines to give Virgin Australia a chance
The ACCC has been directed to monitor competition among domestic airlines over the next three years.Robyn Ironside
Aviation Writer
@ironsider
A statement form Treasurer Josh Frydenberg said Australia’s national interest was best served through having a sustainable, competitive aviation sector.
He said the direction would require the Australian Competition and Consumer Commission to monitor prices, costs and profits in the domestic air passenger sector.
“A key matter covered will be the level of capacity the airlines are putting on each route and whether this is occurring in a way that may damage competition,” Mr Frydenberg said.
“The ACCC will release reports at least quarterly.”
ACCC Chairman Rod Sims welcomed the direction from government and the “opportunity to ensure competition in the domestic travel market at this time”.
He said the commission would be looking out for any early signs of damage to competition in the domestic airline industry which could harm the long-term interests of consumers.
“This information can then be quickly acted on by the ACCC and/or provided to the government,” said Mr Sims.
Mr Frydenberg indicated the move was a further example of the government’s support for the aviation industry as it navigated the coronavirus pandemic.
“This includes continuing to work constructively with the administrator in relation to the Virgin administration and supporting a market-based solution,” he said.
I wouldn’t stress over that, somehow what has been happening for the last decade is new news?
Anyway, If Qantas are happy chucking out $19 fares to everyone and everywhere they can’t be too hard up for cash. Although try finding one!
Anyway, If Qantas are happy chucking out $19 fares to everyone and everywhere they can’t be too hard up for cash. Although try finding one!
Well it won't be covid holding aviation back, ACCC wants QF to play nice to let a competitor be given a fair go what a load of BS. Guess they won't acknowledge QF group has taken a massive financial hit and are in need of having to get revenue. At the end of the administration VA will have a company with billions at hand, should be open slather.
=16px
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My problem with this article it’s just another level of the rubbish that Australia has, Australia is large enough for QF and VA to co-exist and have strong competition but if VA can’t manage their own well stiff! Also, Bain and Cyrus both keeping the current management well we all know what the definition of insanity is, good luck!
Business will be harder hit. Fewer conferences. For business meetings, the bean-counters and CEOs will be saying "Well, zoom worked pretty well for 6 months ....." In addition to saving $, businesses will think about their liability and reduced productivity if an employee contracted COVID during work-related travel when there was a safer alternative.
If anything I’d expect leisure travel to be slightly more affected as holidays are one of the first things to be cut in a recession.
In terms of liability I’m sure in time contacting COVID on a business trip will be the same as contracting the flu on a business trip in terms of corporate liability.
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This is just based on those who work in office buildings, but feedback I’ve heard suggests Zoom isn’t the be all and end all of business communication. A lot of employees sick of talking with their colleagues on a screen all day long, and want to be back in a physical location together. Meetings aren’t as good online as they are in person, can’t pick up the personal communications, can’t detect body language, can’t have quick off the record chats with clients etc. We hear the same suggestion that online conferencing would replace business travel all the time, including post GFC but business travel always seems to return. Even in the age of technology being physically in front of people is the best way to do business.
If anything I’d expect leisure travel to be slightly more affected as holidays are one of the first things to be cut in a recession.
In terms of liability I’m sure in time contacting COVID on a business trip will be the same as contracting the flu on a business trip in terms of corporate liability.
If anything I’d expect leisure travel to be slightly more affected as holidays are one of the first things to be cut in a recession.
In terms of liability I’m sure in time contacting COVID on a business trip will be the same as contracting the flu on a business trip in terms of corporate liability.
Zoom isn’t the be all and end all of business communication. A lot of employees sick of talking with their colleagues on a screen all day long, and want to be back in a physical location together. Meetings aren’t as good online as they are in person, can’t pick up the personal communications, can’t detect body language, can’t have quick off the record chats with clients etc.
If anything I’d expect leisure travel to be slightly more affected as holidays are one of the first things to be cut in a recession.
people will still spend on holidays and travel. But they will mostly spend less than previously. And the destinations available will also be less expensive. So Fiji rather than Hawaii, Hawaii rather than Europe.
In terms of liability I’m sure in time contacting COVID on a business trip will be the same as contracting the flu on a business trip in terms of corporate liability.
The world has changed.
John Hart, executive chair at the Australian Chamber of Commerce and Industry, said boosting business travel would assist with ramping up economic activity."Whatever can be done to make travel as seamless as it possibly can be will be good in getting the economy back to work," he said.
"There is a hell of a lot of movement around the country that is business and corporate-based and that's a really important start of the restart, particularly as we start to see business events picking up again."Mr Hart said there was a case for eased quarantine arrangements for countries deemed low-risk and travel should be permitted based on the benefit individuals were bringing to the Australian economy.
"There is a hell of a lot of movement around the country that is business and corporate-based and that's a really important start of the restart, particularly as we start to see business events picking up again."Mr Hart said there was a case for eased quarantine arrangements for countries deemed low-risk and travel should be permitted based on the benefit individuals were bringing to the Australian economy.
It looks like he, as a representative of the business community, is desperate to get business travel back up again
The real question however is whether thousands of small and large businesses will buy into this.
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https://australianaviation.com.au/20...-out-in-hours/
Jetstar just sold 10,000 $19 seats in 4 hours, 70,000 by early afternoon.
fair to say people are ready to travel again.
Jetstar just sold 10,000 $19 seats in 4 hours, 70,000 by early afternoon.
fair to say people are ready to travel again.
Last edited by ECAMACTIONSCOMPLETE; 19th Jun 2020 at 07:22.
Yep. But my guess is a very large % were leisure. People are sick of not travelling and sick of holidays at home.
Managers don’t really care whether employees are sick of no business travel. In fact, no travel has been a blessing to the financial bottom line.
Managers don’t really care whether employees are sick of no business travel. In fact, no travel has been a blessing to the financial bottom line.
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Just the beginning really. With the NZ bubble not far off and Japan with the Olympics next year, Singapore and Hong Kong should have things well under control by years end, I think confidence and demand will return quicker then people think.
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yeah, absolutely. It’s only really a reflection of the leisure market, the jury is still out on business travel.
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I really hope they are proven wrong in the future but I think slats11 is pretty close to the money with his overall predictions....
Last edited by Green.Dot; 19th Jun 2020 at 12:36.
Business has and will always be done face to face - rather than on the phone / zoom etc. We’ve had other means of communicating for decades and yet business still relies on the ability to travel to a meeting.
CV won’t change that.
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Time will tell. The business owners I deal with daily think virtual meetings are a band aid and can’t wait to send their people in face to face.
Business has and will always be done face to face - rather than on the phone / zoom etc. We’ve had other means of communicating for decades and yet business still relies on the ability to travel to a meeting.
CV won’t change that.
Business has and will always be done face to face - rather than on the phone / zoom etc. We’ve had other means of communicating for decades and yet business still relies on the ability to travel to a meeting.
CV won’t change that.
Zoom meetings have their flaws, but so to does air travel. Packing, traffic to the airport, flight delays, the time incurred by the flight itself, waiting for bags, taxi out of airport, hotels and doing it all again to get home. The time/financial costs of business travel vs a simple log on to a zoom meeting will see many businesses reevaluate their business travel needs.
Plus we’re evaluating the technology associated with Skype/zoom meetings today, who knows how much better all of that will be in 3-5 years time.
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very true, however, will the quarterly follow up meetings become 6 monthly, replacing every second meeting with zoom. I’m some cases no, but in others, perhaps yes.
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I think skype and zoom will have a newfound place, but certainly will only replace a minimal component of business travel.