Qantas loses $860 million last year.
Not sure I'd be predicting the victory of a company with $42m cash in the bank vs one with $3.3b either.
If you want full accounts they are available from the ASX. Plenty of share market programs will give you access
Originally Posted by onezeroonethree
Good one. Let’s take away the last carrier in the country with legacy conditions. Let Rex and Alliance pay become the new norm to aim for.
Rather drive a bus for that money.
Rather drive a bus for that money.
When propped by a government
If merged into super airlines
Are owned by the workers
They are failing around the planet
Points in case
Ethiopian massive government support
ME3 see above
SQ see above
China see above
Or Asian gobbled up by Korean
Or the super groups of Europe IAG and AF/KLM
Or the US super mergers, never by choice, only out of desperation
But QF/JQ don't fall into any of the above
Better compared to mmmm
South African or Alitalia or Sabina or Swiss or Mexicana or Malev or soon to be Cathey
Shouldn't keep propping up these national dinosaurs and plenty have failed already
QF/JQ is a dinosaur attempting to morph into something that can survive, but just can't seem to find the right path
They are trying to reduce costs by outsourcing everything
They are trying to get cashflow by selling tickets in advance, cancelling services, then offering play money vouchers
They are trying to hold market share by trying to bully other carriers into submission
They are trying to increase load factors by cutting services by 10%
They are trying to increase revenue by hiking fares by 20%
They are placing headline grabbing orders for hundreds of new birds then having tens only delivered (initial order for 787s was like 60 odd firm + options to 120 and less than 25 delivered and A320s what is it now nearly 200?)
They receive handouts and concessions from the taxpayers into the billions and still post consecutive billion dollar losses
They launch new routes to India, Korea, JFK, Rome and Project Sunrise, yet can't even run on time or service the routes the already have
Can you not smell the desperation regarding all of these decisions
There is no clear path from the Irishman, it's clearly all a desperate attempt to stave off bankruptcy
And being a private company, they should expect the same treatment VA got when the axe swung on them along with AN
So sure take it while it's there, but be prepared to move to the Middle East or Asia if you seek similar conditions when QF/JQ either folds or outsources its flying
OOps forgot to mention
Look over there, yep don't look at our losses or OTP, forget about our call centre issues they have all been fixed NOT
Quick look or you may miss it
Hey we are flying to JFK again
Project Sunrise is coming
New A320s and A321s have been ordered
A220s as well
But hey look over there, now we want tenders to replace our A330s cos they are getting on a bit
Yea I know we own plenty of them, but we can sell em for cash and lease new ones, that'll get more cash in the bank
Yea I know we got a ton of 321s and 787s on order and these will end up being the replacements anyways but hey seriously its better to look over there
Na don't worry who's gunna fly em, Network, NJS, JQ or foreign workers, it's still Qantas right....
Look over there, yep don't look at our losses or OTP, forget about our call centre issues they have all been fixed NOT
Quick look or you may miss it
Hey we are flying to JFK again
Project Sunrise is coming
New A320s and A321s have been ordered
A220s as well
But hey look over there, now we want tenders to replace our A330s cos they are getting on a bit
Yea I know we own plenty of them, but we can sell em for cash and lease new ones, that'll get more cash in the bank
Yea I know we got a ton of 321s and 787s on order and these will end up being the replacements anyways but hey seriously its better to look over there
Na don't worry who's gunna fly em, Network, NJS, JQ or foreign workers, it's still Qantas right....
Originally Posted by das Uber Soldat
OK fess up, which Qantas group pilot slept with this guys wife?
Can I play too?
I had my flight cancelled, the choice was from a dozen other options same day, or a refund.
Find me an airline on earth that is not cutting services to grow revenue to offset surging fuel prices? It’s not about making headline load numbers look pretty on financial reports my friend.
Coles and Woolworths about 9%. Kmart 12%. Qantas 20% Rex 11% Your point?
Seems to be in the 90% range for departures today.
I would hardly call Jetstar conditions legacy. Also did you miss the SH Qantas EBA getting up? Bonza seems to be having challenges getting numbers for its payscale, times that by a few hundred other positions, seems laughable.
No, I can’t.
So essentially, what your saying is you want Qantas and Jetstar to fold because it’s good for the industry? (or as above some FO is seeing your misses?)
They are trying to get cashflow by selling tickets in advance, cancelling services, then offering play money vouchers
They are trying to increase load factors by cutting services by 10%
They are trying to increase revenue by hiking fares by 20%
They launch new routes to India, Korea, JFK, Rome and Project Sunrise, yet can't even run on time or service the routes the already have
So sure take it while it's there, but be prepared to move to the Middle East or Asia if you seek similar conditions when QF/JQ either folds or outsources its flying
Can you not smell the desperation regarding all of these decisions
So essentially, what your saying is you want Qantas and Jetstar to fold because it’s good for the industry? (or as above some FO is seeing your misses?)
Originally Posted by Deano969
Na don't worry who's gunna fly em, Network, NJS, JQ or foreign workers, it's still Qantas right....
The rest of your comment is quite accurate:
Hey we are flying to JFK again
Project Sunrise is coming
New A320s and A321s have been ordered
A220s as well
But hey look over there, now we want tenders to replace our A330s cos they are getting on a bit
Yea I know we own plenty of them, but we can sell em for cash and lease new ones, that'll get more cash in the bank
Yea I know we got a ton of 321s and 787s on order and these will end up being the replacements anyways but hey seriously its better to look over there
On the other hand Rex, with it's supposed "much superior" financial position, had 10% of it's pilots resign in a week last month, and I'm going to guess a lot of them to come to mainline. They don't share your rosy assessment of Rex and bleak assessment of QF. It would be unheard of for 10% of mainline pilots (220 odd) to resign in one week to go to other pastures.
Last edited by dr dre; 28th Aug 2022 at 07:05.
Originally Posted by neville_nobody
Depends if the $3.3B is unencumbered. That we will never know.
Thread Starter
They are trying to get cashflow by selling tickets in advance,
And being a private company, they should expect the same treatment VA got when the axe swung on them along with AN
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Originally Posted by Deano969
And not just kneel over, I would like this bullying dinosaur monopoly to go the same way as AN
Originally Posted by Icarus2001
Qantas is a public company, not a private one, do try to keep up.
So if QF found itself in the position that AN did in 2001 and VA in 2020 (although there’s no hint of that happening currently) the position of the airline as enshrined in legislation would see it treated differently to the other carriers.
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The roo will be swimming in dollars this time next year, and pay no tax due to the great stewardship of handouts by AJ. The only advice I have for long term shareholders an opportunity will present at that time to exit the stock at top of the market.
Do not let sentiment sway you, QF has cashed in all its goodwill with the public, in future it will not be too big to fail.
I really feel for the employees who are in this toxic battered wife relationship with their boss. Heard Tony Boyd(AFR Chanticleer) on ABC the other day saying that AJ could be gone end of calendar year 2023.
Do not let sentiment sway you, QF has cashed in all its goodwill with the public, in future it will not be too big to fail.
I really feel for the employees who are in this toxic battered wife relationship with their boss. Heard Tony Boyd(AFR Chanticleer) on ABC the other day saying that AJ could be gone end of calendar year 2023.
Heard Tony Boyd(AFR Chanticleer) on ABC the other day saying that AJ could be gone end of calendar year 2023.
Here’s the interview with Tony Boyd:
https://www.abc.net.au/radionational...ses-/101379090
He actually doesn’t say Joyce could be gone by end calendar year 2023, he says Joyce will probably stay til at least end calendar year 2023. From that interview I don’t think he knows too much about the aviation industry, for instance QF has always had higher fares than its competitors, this didn’t prevent them making billion dollar profits from 2016-2019. I’d also question his description of this current w as the most difficult crisis QF has ever faced, the GFC, the capacity war with VA and Covid were worse.
Originally Posted by teiemka
Heard Tony Boyd(AFR Chanticleer) on ABC the other day saying that AJ could be gone end of calendar year 2023.
Originally Posted by MickG0105
Hardly prescient. Will be gone before the end of calendar year 2023 is almost a certainty. In 2020 the Board signed him up to oversee a three year strategy. They'll almost certainly be looking to announce his replacement around the end of FY23.
Perhaps the successor will work alongside him for the next few years until he departs in 25 after the inaugural Sunrise flight?
Originally Posted by dr dre
I personally think he’ll stay until 2025 after the first Sunrise flight. He could’ve bailed out in 18/19 after returning the airline to profitability but stayed because they had the Sunrise plan coming up. He doesn’t need more money but wants the legacy to have introduced the longest flight route in existence.
Perhaps the successor will work alongside him for the next few years until he departs in 25 after the inaugural Sunrise flight?
Perhaps the successor will work alongside him for the next few years until he departs in 25 after the inaugural Sunrise flight?
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Originally Posted by dr dre
https://www.abc.net.au/radionational...ses-/101379090
He actually doesn’t say Joyce could be gone by end calendar year 2023, he says Joyce will probably stay til at least end calendar year 2023. From that interview I don’t think he knows too much about the aviation industry, for instance QF has always had higher fares than its competitors, this didn’t prevent them making billion dollar profits from 2016-2019. .
Regarding the higher airfares, you charge what you can get away with.
From the results presentation seems most media outlets focused on the fare increases to recoup higher fuel costs (10% Domestic, 20% INT). AJ was supremely confident that it would be absorbed by customers without affecting demand irrespective of the wider economic environment. I tend to agree with him in this regard for domestic flying,it’s not like the competitors get a cheaper fuel price, or have more fuel efficient aircraft as percentage of fleet.
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Originally Posted by MickG0105
As the Zen Master was fond of saying, 'We'll see.'
Yes, we will, but is that person currently in the QF GMC?
......would it be possible for a successful internal candidate to change the current toxic relationship between management and employees?
Originally Posted by teiemka
1. Yes, we will, but is that person currently in the QF GMC?
2. .....would it be possible for a successful internal candidate to change the current toxic relationship between management and employees?
2. .....would it be possible for a successful internal candidate to change the current toxic relationship between management and employees?
2. No.
