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QF Int has a 10% LF margin on JQ Int.
BITRE figures for December still suggest that NZ DOMESTIC passengers, and Australian Domestic passengers flying on JQ International callsigns but with their flight wholly contained in Australia, are inflating those JQ Int passenger numbers by more than double. Average JQ LF in DEC for actual International pax was ~71% Average QF LF in DEC for actual International pax was ~85% Lucky we have J* to save us. (P.S. There is something fishy about those domestic numbers as well... will cast my eye over them in the next day or so...) |
If Jetstar make more money out of charging lower fares with lower load factors, it is not the employees that are losing Qantas International money.
The money is either being siphoned off to other areas or hollow logs are being stuffed or the aircraft are inefficient and configured poorly or the accountants are dodgy or the management are incompetent. Some may suggest all of these factors are at play. How does Jetstar international make money out of long haul low cost ops when Air Asia X can't? |
Interesting spike today - downgraded to neutral by JPMorgan
Qantas has declined 3.4 per cent to AUD2 after the company was downgraded to neutral from overweight at JPMorgan by equity analyst Scott Carroll. The 9-month target price is AUD2 per share. Read more: Markets Live: Shares slip into the red odd as JP Morgan are one of the big institutional investors in Q.... not sure what to make of this... |
Maybe, just maybe, they are having doubts about management strategy.
Or they may be shorting the stock. Who knows. |
Or maybe just sky-rocketing oil prices...
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Here why not use this thread? Purpose built!
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$1.16, where's this going? They have rising costs, the highest in the industry, falling market share and old ratty aircraft. Maybe they'll send it down the tubes and start again?
SN |
Wanted!! Investor liferafts ASAP
Has AJ added some kind of manure or fertilizer to his business model?
Aagh yes I can see al the mum and dad investors and Silvertails jumping for joy at his continuous improvement plan!! Qantas shares plummet after profit warning Map: Australia Qantas shares have dived to an all-time low after the airline announced it expected full-year profit before tax to fall as much as 90 per cent due to losses in its international business. Qantas Group says it expects to post underlying profit before tax (PBT) of between $50 and $100 million for the 2011-12 financial year. Last financial year, Qantas posted a profit of $552 million. Analysts had expected the airline to make $285 million this year. The airline blamed a downturn in international business conditions as the eurozone's debt problems and the high Australian dollar weakened travel markets in the United Kingdom and Europe, and said it was facing its highest ever fuel bill. Late last month, Mr Joyce revealed a management shake-up that split the airline's loss-making international arm from its domestic business, with both operations to report their financial results separately. In a statement, Qantas chief executive Alan Joyce said the international business was expected to return to profit by 2014. "We have taken decisive action to mitigate losses in Qantas International by withdrawing from loss-making routes, reducing capital investment and transforming Qantas engineering," Mr Joyce said. "The introduction of a new Qantas Group structure with dedicated CEOs for Qantas International and Qantas Domestic will bring further rigour to our business." Former Qantas chief economist Tony Webber, who is now an Associate Professor at the University of Sydney, told The World Today it was the worst result he could remember for the airline. "I've never seen a deterioration in Qantas International profitability that big as far as I'm aware," Dr Webber said. "That's quite an astonishing loss." Dr Webber believes Qantas management must overhaul its strategy to offset the effects of higher fuel prices. "To get the group returning to not just profitability but returning an adequate return on assets, it has to fix the international business," he said. "And to do that it somehow has to stem the excess supply of seats in the market, and it has to have a better policy, or better strategy in place, for higher oil prices." At its annual general meeting in February, Qantas announced an 83 per cent slump in first-half profit and was unable to issue guidance for second-half earnings due to the volatile market conditions. Qantas has axed around 1,000 jobs since February as part of a five-year restructure unveiled last year. At 11:40am (AEST) Qantas shares were 15.5 per cent lower at $1.20. |
6 March 2012: Share Price $1.76 "Qantas Group Passenger numbers up in Jan-2012, load factor and yields improve" QF International load factor 86.1%.
2 April 2012: Share price $1.78 5 June 2012: "Qantas shares have dived to an all-time low after the airline announced it expected full-year profit before tax to fall as much as 90 per cent due to losses in its international business." Qantas shares are currently being sold at $1.16. When will the shareholders start to hold the Board and Executive Management responsible for Qantas abysmal performance? |
Why is it appropriate for Qantas to update the asx with combined qf domestic and jetstar figures?
And I thought jetstar was here to save the world. |
And where does Jetstar International fit into the picture. The only mention of that amaaaaaaaazing buisness "Jetstar" is where it is included as a domestic business next to Qantas Domestic. Is Jetstar International considered part of Qantas International, and if so, how is it going??
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Shareholders are obviously in it to make a buck. I suspect the only people holding QF shares right now are those who have blind faith and no brains. Certainly with the future outlook as it is there is no way of telling what the price will do. Some will buy now hoping its the low they have been waiting for but others will remind themselves of Ansett! Either could be right.
As far as punishing the board, that's done via the share price and thats just what's happening. Personally I believe this is all part of a master plan to unravel the IR mess they have with the various employee groups. Things could get much worse before (if) they get better and at the end of the day the price may never come back. SN |
Qf share price takes a nosedive whilst Virgin shares slightly increase.I think the market is finally wakeing up to the mismanagement by the QF board and its exec team.I wonder how many shares are being sold by past or present execs?AJ has QF looking as good as the Irish economy.I still cant understand why Ansett went under with all the talent that crossed over to QF.NOT
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Did I miss read the ASX announcement, or did they attribute the 100 million dollar industrial action bill to QF International? I presume thats the bill for grounding the airline... and complaining about the dollar being high? I thought with a 4 billion dollar fuel bill being paid at the Singapore price (which is what all airlines pay apparently) then wouldn't a high dollar be advantageous?
As for Euro markets, I thought that would still be better for revenue as they would be paying in Euro ( better exchange rate ) Im no economist, but there seems to be some clever accounting going on. Is JQ Asia,JQ Vietnam,JQ japan and their associated costs AND LOSSES tacked onto Qantas international also? Are they part of the "group" ... With red tail international at 86 percent load, how do u lose that kind of money?? At 1.16 share price.... it must be close to being declared junk. The TRUE shareholders had their say last AGM. |
Calling dibs now to be the thread starter for "QF shares hit $1.00, discuss"
Jetro6UL lols. |
Jumping Ship?
Westpac reduced their holdings a few days ago.Others must be followung suit.
More sellers than buyers=declining share price Time for the board and all the other rats to leave |
I am looking for the PARITY with Virgin shares call. I think it will happen.
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When will the shareholders start to hold the Board responsible for Qantas abysmal performance? Calling dibs now to be the thread starter for "QF shares hit $1.00, discuss" |
wait for the bid..
Now AJ has driven the share price down, sacked the maint crews, it must be just about time for the bid from GD and his mates.
There is still some dosh in the bank. |
Spot on limelight, they've saved themselves half a billion dollars since yesterday. It's only a matter of days now before they must pounce and give the whole airline a big dose of 'Icahn'.
TWA - Death Of A Legend - St. Louis Magazine - October 2005 - St. Louis, Missouri |
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