QF Group possible Redundancy Numbers/Packages
[/QUOTE]Hong Kong just revived 26 positive Covid results off a inbound Emirates flight from Doha.
[QUOTE]
https://www.chp.gov.hk/files/pdf/flights_trains_en.pdf
Can't deny entry if residents.
[QUOTE]
https://www.chp.gov.hk/files/pdf/flights_trains_en.pdf
Can't deny entry if residents.
- It is already happening, read the reports coming out of Italy, they are saying that people who get it now and would have died 3 months ago are now not dying. They reckon it will fizzle out this year. The Brits disagree, they say it is becoming less fatal but will take 2-3 years to fizzle out. They both agree though it will be less fatal.
Unfortunately? I think any pilot getting the chance to fly an A350 should be over the moon. It’s an infinitely better aircraft than an A380 which is the biggest white elephant in aviation. The A350 is better for the group, more fuel efficient, more flexible, gives the ability to open new routes which will give the company a competitive advantage. Having A350s in the group right now would probably mean a faster return to sustainable load factors and the normal resumption of international schedules.
It makes sense that if the A380’s are intended to be out for three years then slowly introduce A350’s instead.
Just have to get over the whole capital expenditure thing.
Mind you I heard AJ say yesterday that the capital raising was in part to help Qantas invest after the recovery??
Just have to get over the whole capital expenditure thing.
Mind you I heard AJ say yesterday that the capital raising was in part to help Qantas invest after the recovery??
Actually, the wording was with reference to the capital raising;
”to capitalise on opportunities aligned with its strategy.”
?????
ASX
How much for a A350 at the moment?
”to capitalise on opportunities aligned with its strategy.”
?????
ASX
How much for a A350 at the moment?
Yeah i heard that too but....
I’m starting to believe my own crap now but why do a raising when you spruce to the market you have the ability to run in hibernation until the end of
2021?
Ok, so 600 million for redundancy payments.
Whats the rest for?
2021?
Ok, so 600 million for redundancy payments.
Whats the rest for?
Its cheaper,dont listen to all the spin about them being in better condition when & if they decide to fly them again,after sitting over there for well over 12 months,getting them serviceable will be a nightmare.
I guess a fair bit of the capital raising will go towards paying this little gem off. This was buried deep within the ASX announcement and was glossed over using weasel words however I read it as “fuel hedging losses are costing QF $11-12 million per week!”
“FUEL HEDGING
The Group’s fuel was fully hedged for the second half of FY20, and 90% hedged for the first half of FY21. With the significant decline in flying activity, the Group’s overall capacity flown has resulted in a substantial reduction in fuel consumption from April 2020 and the anticipated decline in consumption to June 2021 will lead to the non-cash recognition of hedge ineffectiveness of $550–$600 million in the FY20 statutory result.”
“FUEL HEDGING
The Group’s fuel was fully hedged for the second half of FY20, and 90% hedged for the first half of FY21. With the significant decline in flying activity, the Group’s overall capacity flown has resulted in a substantial reduction in fuel consumption from April 2020 and the anticipated decline in consumption to June 2021 will lead to the non-cash recognition of hedge ineffectiveness of $550–$600 million in the FY20 statutory result.”
Easier (cheaper) for engineers in the US to store + reactivate aircraft, who wouldn't whinge about every small little detail and non compliance. Also if they decide not to activate it, noneed to fly Alice Springs > USA again just to scrap.
What does the recently completed share buy back (at $5.56) and now the SPP at 3.65 mean for the bottom line? It gives them access to more cash, but it would be a net loss wouldn’t it?
At the end of the day Qantas ain’t a government entity anymore. Many still behave as if it is.
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.
