Both being down does not make it "OK".
The problem is shareholders and what they are prepared to pay for a little piece of Qantas. In the month of June they have broken lockstep.VBA has broken its trend, at this time.
It is only a shareholder revolt that will change things at Qantas.They own the company.

angryrat,

You forgot:

Leigh Clifford - Senior Advisor to KKR (Kohlberg Kravis Roberts & Co.)

You should send the list to an investigative journalist and see whether there are some interesting goings on. Something doesn't seem right in Kansas IMHO.

Angry Rat,

Ansett Worldwide Aviation Services has never been in administration. They were and are a completely different company to Ansett Australia which went into VA in 2001.

GB

Peter Costello would be the man to turn the place around.

Lots of presence, can actually speak in public and has the political connections. He also knows how to manage money and deliver surpluses (share holder returns) while promoting growth.

That is you can look past the train wreck of 'work choices' :ok:

Ahh, you're all missing the #1 contends! Bruce will do a fine job and pick up where da little fella left off.

Fiddle de dee!

I might buy a packet worth $500 when they reach 0.10!

Rob Gurney

Rob Fyfe perhaps

Angryrat, don't tell me Clifford has skeletons in his Chairmans Lounge closet?

Lyell Strambi recruited Joyce to Ansett. If Strambi had not done so Joyce would most likely would still been with Aer Lingus and not celebrating his 45th birthday in Sydney on 30 June.

During AJ's recent hospital stay, Strambi put out some internal emails condemning the engineers' EBA tactics. He appeared to be singing from exactly the same hymn book as GD, AJ et al. If those emails are an example of Strambi's employee relations, I wouldn't be putting my eggs in that basket as the solution to QF problems. Of course, it may have all been bluff...

It can't be ANY of the Dixon/Joyce club. They have all drunk from the poison chalice and can see no other way than the Orange way. :ugh:

We need a new management team who want AND KNOW how to grow a company.

Wouldn't that be a pleasant change!!

Was today's ACCC announcement not well received??

CEO letter to "Plane Talking" leads me to believe that the CEO honestly believes he is doing a good job and none of this is caused by poor management.

I do believe they are deluding themselves. Frankly I am amazed.

AMP obviously saw the writing on the wall and sold the last of their interests on the 4th.

Just mums and dads left around the campfire :(

Total Shareholder Return

1 Year -13.6%
3 Years -12.1%
5 Years -4.5%
10 Years -1.3%

No recent dividends, no know growth prospects for the future, no interest from institutional investors, no positive coverage from any investment banks...

No wonder there are 3 sellers to every 1 buyer of QAN at the moment.

Probably already posted somewhere, but an interesting link from an asx writer:

Which Aussie Icon is on the Ropes?

Qantas and the elephant?
 

Reposted from D&G Q

A quick look at some Chinese stats (say at China General Information, China Information, the People's Republic of China) shows huge growth. We all seem to know this and it is all over the media.

Even in 2007 there were an estimated 80 million in the middle class (income RMB from 50,000 to 500,000 p.a.). Many of these people will fly regularly.

International air traffic in and out of China is growing substantially with China Southern, China Eastern, Hainan and Air China all offering increasing services to/from Australia.

A quick survey (may not be entirely correct) shows that Qantas by comparison has one direct return a day to Shanghai (QF129/127), no direct flights to Beijing or Guangzhou (but you can get there via Hong Kong or Shanghai via Dragonair). There are single daily services between Aust and Hong Kong from Brisbane (QF 97/98) Sydney (QF 127/128) and Mel (QF 29/30), but Cathay is certainly working hard to develop its share.

I am too lazy to do the legwork, but a quick glance at the numbers of flight shows that the bulk of the ASKs (Aust-China) are flown by the Chinese airlines, and their share is incraesing.

The elephant (a really big one) in the room is China, and many Australian businesses are working hard to get a share of that market, Qantas excepted.

Does the Qantas Board and the CEO realise there is an elephant in the room? Is it a cunning trick to lull the opposition Chinese carriers into a false sense of security by giving them a head start (tortoise and the rabbit stuff)?

Seems to me the Board and CEO are fiddling while Rome is burning; playing silly buggers on relatively miniscule (to the company bottom line) EBA issues while the major business of the airline (developing and implementing a sensible Chinese strategy) is being ignored.

Of course what does a simple Ppruner know? - perhaps not much, but the Shareholders are very unhappy right now with a Qantas share price on a two year low of <$2 today.

I won't be touching any QF shares. The company has been stripped bare. Bones only with no meat. A380 was a shocker IMO. Flew on VA's 777 across the Pacific after several trips on QF and that told me that QF was going out backwards if it didn't get it's act together. Despite the rhetoric on innovation and competitiveness, QF relies on government regulation for most of its competitive advantage. That and landing slots.
But never mind...a Labor Party has too much at stake to let QF fail. It'll print a boatload of money, buy it back, appoint government administrators and then change the rules to make sure QF remains in business, if not competitive.
The Australian economy is getting pushed to a precipice with a screwed up leadership with a communal attitude and a lazy, overtly confident population expecting the government to hand out everything. No wonder gold prices are going through the roof.

To answer ejctx3 question - QF shares hit $2.00, discuss
My answer is SELL SELL SELL !