QF Group possible Redundancy Numbers/Packages
Join Date: Jul 2010
Location: Asia
Posts: 1,131
Realistically, when the government sends in the army over a few cases of COVID - 19 in Victoria, international flying is unlikely to resume this year with the exception of NZ and possibly limited travel bubbles. Profitable international flying will take even longer to come back and the network planners will be starting from scratch with a clean sheet of paper rather than simply reinstating the previous routes. Due to the distances involved in international flying from Australia, widebody aircraft are normally required to reach most destinations in Asia and beyond, these will be difficult to fill at first. Running a hub through Darwin with the B737s into SE Asia could be considered until direct routes become viable again.
City pairs which previously supported direct flights may have to go through a hub instead, double daily may go daily, wide body may go narrow body. Certain routes may turn into cash cows if competing airlines withdraw. Matching capacity growth to pax growth needs to be done right else money is lost or profits are missed.
When to jump back in requires careful judgement due to the lead time required and the necessity to operate at a loss for as short a period as possible. SIA are flying a skeleton international network due to the need to maintain connectivity, but this needs Singapore government backing as pax numbers reaching three digits is cause for celebration.
City pairs which previously supported direct flights may have to go through a hub instead, double daily may go daily, wide body may go narrow body. Certain routes may turn into cash cows if competing airlines withdraw. Matching capacity growth to pax growth needs to be done right else money is lost or profits are missed.
When to jump back in requires careful judgement due to the lead time required and the necessity to operate at a loss for as short a period as possible. SIA are flying a skeleton international network due to the need to maintain connectivity, but this needs Singapore government backing as pax numbers reaching three digits is cause for celebration.
Join Date: Aug 2007
Location: sincity
Posts: 1,106
Originally Posted by Blueskymine
love him, hate him, I don’t care. However I’m glad he’s the one in the big seat. It means the company will survive.
At the end of the day Qantas ain’t a government entity anymore. Many still behave as if it is.
At the end of the day Qantas ain’t a government entity anymore. Many still behave as if it is.
Join Date: Dec 2000
Location: Australia
Posts: 862
I have professional respect for Joyce (I am a shareholder after all!). We have seen he will take the hard decisions for the company and that is the point. Like all business, Qantas is just that. You could be the pope himself working for any company but if the CEO needs to cut you he/she will. I question however whether anyone is worth 24 million a year who then goes onto say we need to make cuts to be viable.
Anyway we must all face forward and continue making progress...just remember the brace position.
Anyway we must all face forward and continue making progress...just remember the brace position.
Join Date: Nov 2012
Location: 3rd Rock
Posts: 198
Originally Posted by Blueskymine
love him, hate him, I don’t care. However I’m glad he’s the one in the big seat. It means the company will survive.
At the end of the day Qantas ain’t a government entity anymore. Many still behave as if it is.
At the end of the day Qantas ain’t a government entity anymore. Many still behave as if it is.
Im not trying to sound negative, but its a question fanboys should ask.
I think that fleets of 4 engine aircraft and tired 330s in this day and age is terrible, however it doesnt look so bad when a black swan event grounds any fleet you have anyway.
Join Date: Apr 2010
Location: Brisbane
Age: 55
Posts: 87
Originally Posted by normanton
They spent $500m on refurbs for 6 of them. At least 6 will come back. My guess is the remaining money from the share raising will be used to buy 350s.
Join Date: Dec 2004
Location: melbourne
Posts: 415
Originally Posted by ozbiggles
I have professional respect for Joyce (I am a shareholder after all!). We have seen he will take the hard decisions for the company and that is the point. Like all business, Qantas is just that. You could be the pope himself working for any company but if the CEO needs to cut you he/she will. I question however whether anyone is worth 24 million a year who then goes onto say we need to make cuts to be viable.
Anyway we must all face forward and continue making progress...just remember the brace position.
Anyway we must all face forward and continue making progress...just remember the brace position.
I would rather have my money in the bank earning 1% as opposed to letting someone gamble with it & having no obligation to repay it when suddenly its not there any more.
Join Date: Jun 2011
Location: S33E151
Posts: 979
Joyce is an incompetent business owner.
He has built a management ‘team’ on total lack of vision and complete focus on remuneration.
No vision, no instinct, no feel and no understanding of, nor for, the business.
He has risen to the top of a middling field by being a total yes man (I’m deliberately leaving the bending over jokes aside) and _always_ pleasing the boss.
That’s the beginning and end of it. In short, the antithesis of ANYONE I would employ and if I hadn’t seen such incompetence first hand I’d never have believed it.
The board and the bankers that back the tool have exactly the same non experience in anything business related so they think he’s great.
None of them would be able to competently manage so much as a cafe. If they had, Qantas would be the type of airline it was 30+ years ago where everyone gave their all as a matter of course.
He has built a management ‘team’ on total lack of vision and complete focus on remuneration.
No vision, no instinct, no feel and no understanding of, nor for, the business.
He has risen to the top of a middling field by being a total yes man (I’m deliberately leaving the bending over jokes aside) and _always_ pleasing the boss.
That’s the beginning and end of it. In short, the antithesis of ANYONE I would employ and if I hadn’t seen such incompetence first hand I’d never have believed it.
The board and the bankers that back the tool have exactly the same non experience in anything business related so they think he’s great.
None of them would be able to competently manage so much as a cafe. If they had, Qantas would be the type of airline it was 30+ years ago where everyone gave their all as a matter of course.
Join Date: Sep 2009
Location: In a house
Posts: 387
Originally Posted by Lapon
But is it competance or luck that has resulted in Qantas faring better than others? Have there been any radical decisions taken that few other CEOs might have?
Im not trying to sound negative, but its a question fanboys should ask.
I think that fleets of 4 engine aircraft and tired 330s in this day and age is terrible, however it doesnt look so bad when a black swan event grounds any fleet you have anyway.
Im not trying to sound negative, but its a question fanboys should ask.
I think that fleets of 4 engine aircraft and tired 330s in this day and age is terrible, however it doesnt look so bad when a black swan event grounds any fleet you have anyway.
Qantas is like a conservative 60+ year old couple living in the outer burbs who own everything, have various investments and pay for things in cash.
Other airlines are like a gen y share trader who own nothing, lease everything and has done pretty well
in the good times.
It’s good to own things when the times are bad. Qantas mostly owns it’s ageing fleet.
Join Date: Nov 2012
Location: 3rd Rock
Posts: 198
Originally Posted by Blueskymine
I suppose an analogy is this.
Qantas is like a conservative 60+ year old couple living in the outer burbs who own everything, have various investments and pay for things in cash.
Other airlines are like a gen y share trader who own nothing, lease everything and has done pretty well
in the good times.
It’s good to own things when the times are bad. Qantas mostly owns it’s ageing fleet.
Qantas is like a conservative 60+ year old couple living in the outer burbs who own everything, have various investments and pay for things in cash.
Other airlines are like a gen y share trader who own nothing, lease everything and has done pretty well
in the good times.
It’s good to own things when the times are bad. Qantas mostly owns it’s ageing fleet.
Also Qantas is not a conservative 60 year old couple, what they lack in lease commitments they make up for in debt.
Right now the answer seems by sheer luck to be correct, but with the wrong working.
In my opinion AJ has not done anything that any other CEO would have done in handling the crises. It's the past performance I'm dubious about.
Join Date: Jun 2011
Location: The World
Posts: 1,217
With multiple billion dollar profits leading up to this year, decent reserves of cash to stay afloat for 18 months and good financial discipline have put the company in one of the best positions for an airline worldwide in dealing with this. The way some posters here are talking they would rather the airline be loaded up to the eyeballs in debt paying off orders of dozens of 777s.
Being in this position didn’t come about by luck, it was due to smart financial management.
Being in this position didn’t come about by luck, it was due to smart financial management.
Join Date: Nov 2012
Location: 3rd Rock
Posts: 198
Originally Posted by dr dre
With multiple billion dollar profits leading up to this year, decent reserves of cash to stay afloat for 18 months and good financial discipline have put the company in one of the best positions for an airline worldwide in dealing with this. The way some posters here are talking they would rather the airline be loaded up to the eyeballs in debt paying off orders of dozens of 777s.
Being in this position didn’t come about by luck, it was due to smart financial management.
Being in this position didn’t come about by luck, it was due to smart financial management.
We can all imagine our own 'what if's', but I dont have any major criticism of the handling of the current crises to date.
Whether the handling has been the stuff of genius, or simply a CEO doing his/her job is what tempers my praise.
Join Date: Dec 2000
Location: Australia
Posts: 862
I’m not sure how you expect him not to destroy some equity in the middle of a pandemic? Same reason unfortunately airlines are letting 20-50-100% of their staff go. I mean never waste a crisis but things can’t stay the same and survive in this environment.
Join Date: Jun 2001
Location: Syd, NSW
Posts: 369
With QF now a very different airline going forward do we need 3 CEO’s?
Surely we should make at least 1 redundant. Andrew David has been MIA (couldn’t phone in to at least 1 webinar over the last 8 weeks wtf?)
And then we have Tino, CEO of a non existent International.
Surely we should make at least 1 redundant. Andrew David has been MIA (couldn’t phone in to at least 1 webinar over the last 8 weeks wtf?)
And then we have Tino, CEO of a non existent International.
Join Date: Dec 2013
Location: Elsewhere
Posts: 436
Seems to me that the problem with Borghetti was that he tried to run Virgin like it was Qantas. Perhaps if he’d got to run Qantas like it was Qantas, the result would’ve been very different. We’ll never know.
