New cost cuts for Qantas
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Echo beech.
So that explains why BMW are no longer in business huh. Undercut by Hyundai.
People will always pay a premium for better quality/service.
Full service flying is always going to be around but it will be in a reduced form - the larger outfits will be no frills in the future.
So that explains why BMW are no longer in business huh. Undercut by Hyundai.
People will always pay a premium for better quality/service.
Full service flying is always going to be around but it will be in a reduced form - the larger outfits will be no frills in the future.
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Echo Beech
According to your misguided ramblings and flawed mathematical reasoning, all that QF have to do is remove the meal service from the equation to go broke as slowly as VB would.
Load factors are not a problem with either mob. So with your superb mastery of numbers the yields are just as bad for both airlines.
Your not exactly a mental giant so the rest of us won't loose any sleep over your predictions.
Chow.
According to your misguided ramblings and flawed mathematical reasoning, all that QF have to do is remove the meal service from the equation to go broke as slowly as VB would.
Load factors are not a problem with either mob. So with your superb mastery of numbers the yields are just as bad for both airlines.
Your not exactly a mental giant so the rest of us won't loose any sleep over your predictions.
Chow.
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P1 raises an interesting point that I too have been thinking about now for a while.
If VB are serious about chasing the business market, is it possible that they might have to be prepared to provide some of the same perks that QF have had to do. That is, provide better seats, inflight meals, lounges separate from the great unwashed, etc.
Might those gorgeous young things who make cutesy PAs have to be trained to provide proper meal service? Might they then grow tired of doing more work (including cleaning the aircaft - much dirtier when meals are involved) for the same amount of pay?
Might the pilots, engineers and other staff who see the company making a disproportionately large profit out of their undervalued work (compared to QF) decide that it's time for VB to pay back some of their efforts through higher wages?
Might the requirement to pay rental on first class gate facilities become more expensive as privatised airports seek to increase their profits? Might the requirement to run their own simulators become increasingly more expensive as the airline expands?
In other words - is it just possible that VB's costs may start to rise as QF seeks ways to cut their costs?
On a slightly different theme, we at QF have now been told that there is a staff travel backlog for people trying to travel - particularly in Europe and LA. So maybe we have turned the corner (post-SARS, Iraq) before the scaremongering of QF's imminient demise has had its desired affect of scaring the unions into considering pay cuts.
If VB are serious about chasing the business market, is it possible that they might have to be prepared to provide some of the same perks that QF have had to do. That is, provide better seats, inflight meals, lounges separate from the great unwashed, etc.
Might those gorgeous young things who make cutesy PAs have to be trained to provide proper meal service? Might they then grow tired of doing more work (including cleaning the aircaft - much dirtier when meals are involved) for the same amount of pay?
Might the pilots, engineers and other staff who see the company making a disproportionately large profit out of their undervalued work (compared to QF) decide that it's time for VB to pay back some of their efforts through higher wages?
Might the requirement to pay rental on first class gate facilities become more expensive as privatised airports seek to increase their profits? Might the requirement to run their own simulators become increasingly more expensive as the airline expands?
In other words - is it just possible that VB's costs may start to rise as QF seeks ways to cut their costs?
On a slightly different theme, we at QF have now been told that there is a staff travel backlog for people trying to travel - particularly in Europe and LA. So maybe we have turned the corner (post-SARS, Iraq) before the scaremongering of QF's imminient demise has had its desired affect of scaring the unions into considering pay cuts.
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huan hung lo
yea right pick the bits you want to reply to and ignore the rest, go bury your head in the sand mate. Either quote the entire post and make intelligent comment or....
cheers to you to
Its not about food its about good quality cheap airfares.
As for the BMW analogy, you can't compare Qantas and Virgin with BMW's and Hyundai's that really is a poor comparison. BMW's target a totally different market than the common car class.
Please if you are going to flame someone make it a good one sheesh
yea right pick the bits you want to reply to and ignore the rest, go bury your head in the sand mate. Either quote the entire post and make intelligent comment or....
cheers to you to
Its not about food its about good quality cheap airfares.
As for the BMW analogy, you can't compare Qantas and Virgin with BMW's and Hyundai's that really is a poor comparison. BMW's target a totally different market than the common car class.
Please if you are going to flame someone make it a good one sheesh
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Echo Beech,
Getting a tad hot under the collar champ?
You carry on about how QF pays its crews too much and as justification you come up with a piss poor comparative argument that barely meets kindy level economics!
If you are inclined to have a dig at QF pilots wages mate then you are gonna have to come up with something substansive accurate and economically sound.
Otherwise me old boy your pissing in the wind!
Getting a tad hot under the collar champ?
You carry on about how QF pays its crews too much and as justification you come up with a piss poor comparative argument that barely meets kindy level economics!
If you are inclined to have a dig at QF pilots wages mate then you are gonna have to come up with something substansive accurate and economically sound.
Otherwise me old boy your pissing in the wind!
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huan hung lo
Mate never said they were getting paid too much, infact they may be getting paid way too little. I'm just stating facts unlike you who seems to be getting hot under the collar?
All I'm saying is company A pays pilots a certain wage company B pays pilots a smaller wage, lots of people per week makes a lot more money company A has to put out. Tell me were my logic is flawed?
Over time this will take an effect is all I'm saying. Qantas either need to cut down some upper level fat or restructure its wages to stay competitive!
Mate never said they were getting paid too much, infact they may be getting paid way too little. I'm just stating facts unlike you who seems to be getting hot under the collar?
All I'm saying is company A pays pilots a certain wage company B pays pilots a smaller wage, lots of people per week makes a lot more money company A has to put out. Tell me were my logic is flawed?
Over time this will take an effect is all I'm saying. Qantas either need to cut down some upper level fat or restructure its wages to stay competitive!
Moderate, Modest & Mild.
Be advised that administrative staff will not be available on Monday 4th of August due to the Bank Holiday.
Cost cutting is dandy
but please, don't make me work on public holidays!! 
Cost cutting is dandy
but please, don't make me work on public holidays!!
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In an interview not all that long ago on a TV program such as Business Sunday, or such like, GD of QF was prepared to admit, if recalled correctly, bonus payments for his performance.
Does it not seem a bit off to shareholders, and the Fed. Gov is one, that not all that long after such an admission, the QF CEO is warning that all employees are going to live under the fear of redundancy, ( not his of course).
On top of that, QF pilots, who think they smell like rose petals after ablutions, will face downgrades in pay and conditions like they never dreamed would happen.
Get it into your heads, boys and girls, you were warned of this possibility in the 1980's by - yep! - the AFAP, and you all chose to ignore it.
SO don't come bleating to Prune on the event as it unfolds.
As for DS of Vegemite fame, he was long preempted about the downfall of AN by - Yep! - the AFAP.
Hard to believe how stupid pilots are these days.
Does it not seem a bit off to shareholders, and the Fed. Gov is one, that not all that long after such an admission, the QF CEO is warning that all employees are going to live under the fear of redundancy, ( not his of course).
On top of that, QF pilots, who think they smell like rose petals after ablutions, will face downgrades in pay and conditions like they never dreamed would happen.
Get it into your heads, boys and girls, you were warned of this possibility in the 1980's by - yep! - the AFAP, and you all chose to ignore it.
SO don't come bleating to Prune on the event as it unfolds.
As for DS of Vegemite fame, he was long preempted about the downfall of AN by - Yep! - the AFAP.
Hard to believe how stupid pilots are these days.
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SARS costs Qantas chief $1m bonus
Matthew Denholm and Malcolm Cole
09may03
THE SARS crisis which has ravaged Australia's tourism industry and forced another round of job cuts at Qantas has cost the airline's chief executive his annual performance bonus which last year was worth a million dollars.
Qantas chief Geoff Dixon yesterday told union leaders who were meeting with him about the fourth round of job losses in as many months that none of the airline's executives would receive performance bonuses this year in light of mass redundancies.
A Qantas spokeswoman last night confirmed the pledge.
"It is correct that no executive will be receiving a bonus this financial year, given the environment," she said.
She was unable to say what the performance-related bonuses would have been, but pointed to those paid last financial year as an indication.
In 2002, Mr Dixon received a performance bonus of $1 million and chief financial officer Peter Gregg was paid $672,000 extra.
Qantas unions have asked the ACTU to help them present a united front against the airline's repeated cuts.
Also yesterday, it was revealed Australia is moving to capitalise on its SARS-free status with a $7.9 million tourism campaign targeting Japan and New Zealand.
Tourism Minister Joe Hockey announced the campaign in response to claims from the inbound tourism industry that it faces a $2 billion loss because of SARS and the Iraq war.
Mr Hockey said Australia was also "negotiating significant arrangements in the US" for a relaunch of tourism promotion, put on hold earlier this year because of the war.
"We have just launched a more than $7 million campaign into our number-one market, NZ, and our number two market, Japan, promoting Australia as a destination," he said.
The campaign will pump $6.8 million into advertising on Japanese television, in magazines and on the internet.
It will target travel groups identified as being "more robust than others", such as backpackers and families.
Matthew Denholm and Malcolm Cole
09may03
THE SARS crisis which has ravaged Australia's tourism industry and forced another round of job cuts at Qantas has cost the airline's chief executive his annual performance bonus which last year was worth a million dollars.
Qantas chief Geoff Dixon yesterday told union leaders who were meeting with him about the fourth round of job losses in as many months that none of the airline's executives would receive performance bonuses this year in light of mass redundancies.
A Qantas spokeswoman last night confirmed the pledge.
"It is correct that no executive will be receiving a bonus this financial year, given the environment," she said.
She was unable to say what the performance-related bonuses would have been, but pointed to those paid last financial year as an indication.
In 2002, Mr Dixon received a performance bonus of $1 million and chief financial officer Peter Gregg was paid $672,000 extra.
Qantas unions have asked the ACTU to help them present a united front against the airline's repeated cuts.
Also yesterday, it was revealed Australia is moving to capitalise on its SARS-free status with a $7.9 million tourism campaign targeting Japan and New Zealand.
Tourism Minister Joe Hockey announced the campaign in response to claims from the inbound tourism industry that it faces a $2 billion loss because of SARS and the Iraq war.
Mr Hockey said Australia was also "negotiating significant arrangements in the US" for a relaunch of tourism promotion, put on hold earlier this year because of the war.
"We have just launched a more than $7 million campaign into our number-one market, NZ, and our number two market, Japan, promoting Australia as a destination," he said.
The campaign will pump $6.8 million into advertising on Japanese television, in magazines and on the internet.
It will target travel groups identified as being "more robust than others", such as backpackers and families.
Keep in mind that there is nothing wrong with playing the "Devil's Advocate"
I am very happy to see Virgin Blue going great guns, as I believe would seem to be the case, however not all of us saw the AN collapse coming and those working at Virgin would do well to keep this in mind regardless of current performance.
"A house of cards" might be stretching a long bow (to quote Gaunty), however this is the era of insecurity and continual stress on Airline bottom lines. There is nothing more healthy than taking a good hard look at yourself well before everything goes to the wall.
I know too little to comment on QF other than to say that GD's comments regarding the long term cost cutting measures at QF is a treatise stated not only for the benefit of shareholders confidence, it also helps keep the screws on the competition potentially limiting any "big ideas" than might be espoused sooner rather than later.
Willie
I am very happy to see Virgin Blue going great guns, as I believe would seem to be the case, however not all of us saw the AN collapse coming and those working at Virgin would do well to keep this in mind regardless of current performance.
"A house of cards" might be stretching a long bow (to quote Gaunty), however this is the era of insecurity and continual stress on Airline bottom lines. There is nothing more healthy than taking a good hard look at yourself well before everything goes to the wall.
I know too little to comment on QF other than to say that GD's comments regarding the long term cost cutting measures at QF is a treatise stated not only for the benefit of shareholders confidence, it also helps keep the screws on the competition potentially limiting any "big ideas" than might be espoused sooner rather than later.
Willie
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Very good of the QF execs. to refuse to take bonuses for doing the job for which they are already handsomely paid.
Some couple of months ago, the the recently appointed CEO of AMP received bonuses also, but the share price continued to plummet.
These characters are gonna use the old Flick slogan as long as they can get away with it - "When you're on a good thing, stick to it!"
Some couple of months ago, the the recently appointed CEO of AMP received bonuses also, but the share price continued to plummet.
These characters are gonna use the old Flick slogan as long as they can get away with it - "When you're on a good thing, stick to it!"
