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PRESENTER: Love your views on Qantas this morning, fears it could under. It has warned the Federal Government it could disappear if Etihad Airways is allowed to double its stake in Virgin Australia. Joe, should we protect it? JOE HOCKEY: Well, we should assist Qantas, Qantas is an Australian icon. It's a hugely important piece of Australian infrastructure. I don't think it's going to go under if Etihad increase their stake holding. Already, Air New Zealand and Richard Branson have much larger stakes as foreign investors in Virgin than Etihad. But look, we have to make a decision about whether Qantas does become a major international airline with a majority ownership overseas or whether we want to retain it and pay a price for retaining it as an Australian icon. PRESENTER: I suppose the going broke threat is sort of an ambit threat as you say, no-one really expects that. But I think Alan Joyce is making the point Tony that ‘Hey, we have got to compete against all these airlines that are owed by governments, subsidised by governments. We have these shackles on us about how ownership and how we operate. Have a level playing field, let us free if you like.’ TONY BURKE: There is always tension there between the fact that Australians are really proud to have your own airline in Qantas, but the tension as well… PRESENTER: Does the government need to move to take those shackles off Qantas? TONY BURKE: As I say, Anthony Albanese is the Minister for Aviation and will be able to go through it in greater depth than I can but you have real tension in making sure you provide the best possible prices for consumers, the flexibility in a competitive market and also respecting an Australian icon. JOE HOCKEY: Alan Joyce is doing a great job as chief executive. This guy has been under the pumps, the unions have been outrageous with Qantas, and all strength to his right arm for changing the company. PRESENTER: Joe, Tony, thank you both for joining us. |
Olivia was Joe's former advisor.
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I remember reading Rob Gurney received his 'marching orders' in a QF press release about a month ago. |
Those outrageous unions, wearing their red ties, wanting to keep jobs in Australia and stuff.
About time somebody stood up to these dinosaurs. The future of Australia lies in outsourcing as much labour as possible to Asian countries with poverty stricken workforces. This is the only way Qantas can survive! Why can't you people see that? |
And look at the Australian International Shipping Industry. In marginal industries that are globally competitive the cheapest country, ie flag of convenience wins -- and its not just wages - its the whole gamut -- taxes, depreciation, airport and landing charges, government route rights and efficiency and practices.
At the moment QFi is behind the eight ball on a hell of a lot of those 'controllable' measures. Thank goodness there is an Australian Domestic Airline Industry, otherwise the International Industry wouldn't exist. The more Tiger,Virgin (and indeed Jetstar) grow the less chance of QFi surviving. -- Whilst the grounding was damaging so were the on again-off again strikes (admittedly not pilots, but frankly on the timing all on the same bunch)... I know a number of large companies who were shifting important flights completely to Virgin, not willing to risk a strike and cancellation response - without the shutdown there was a risk these clients were lost for good --- they are all back with Qantas... Short term expense traded for long term revenue -- any day of the week. ... a rationalist and a QF shareholder...(at $0.95) |
The division of Qantas has been further outlined by Qantas management. Basically anything that is a cost to the bottom line has been put in the International division; anything that may make a profit goes to Domestic.
Vis: International: Training & Checking, Flight Technical, Operations Support, Safety & Compliance, Flight Crew Resourcing Domestic:Training Facilities & Commercial :mad: |
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God how much do you reckon that cost? Throwing two letters on would have cost a total of at least half a mil when you factor in the wanky video etc....
Great use of cash. |
"....and all strength to his right arm...." |
Could we please have a "get your hand of it Darryl" emoticon?
:yuk: |
Basically anything that is a cost to the bottom line has been put in the International division; anything that may make a profit goes to Domestic. If it is (and I'm not doubting your word) then they are merely repeating the Jetstar process with Qf itself. I might make a bid for the 504k in the checkin area at Syd Dom, because soon there won't be much else left. Who knows? it might just be the nucleus of a Charleville, Cloncurry, Winton, Longreach service. I say service, but I mean LCC of course. |
Even if you live in Singapore you can still be Australian at heart. Clever. Even if your BASED in Singapore you can still be Australian at heart. As for the line: "Everything we do is focussed on the people that fly with us" Qantas needs to get back to basics, give people a reason to fly with them. The travel experience is remembered, long after the price is forgotten. |
V-Jet, the disposition of the various departments comes straight from a email from senior management.
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Thanks Kremin, appalling, but thanks.
Fairfax guys had the decency to resign when things went on they obviously weren't happy with. Our lot just pin their ears back and trough on.... |
Why don't we petition Gina to come in and make some kind of move on QF? That would be one way to dispatch some of the rot!
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Our lot just pin their ears back and trough on.... |
Spirit of Australians, lip stick on a pig!
Just a great distraction and attempt by AJ to make his customers think he is all about Qantas while quietly in the background Jetstar, his real passion expands exponentially! AJ recently quoted from the IATA conference that he was proud that Jetstar had more aircraft in 7 years than Ryanair. AJ wants more LCC involved in IATA. he might be CEO of the Qantas group but we all know his true passion at the top. Current Airbus orders Qantas: A320 = 145 Current Boeing orders Qantas B737-8 = 11 I'm pretty sure we could assume these A320's won't be painted in a red tail. And we wonder why Qantas international is all of a sudden making a massive loss? How else can we explain why we defer/cancel 8 A380's. AJ needs to free up capex to enable the expansion and purchase of shyte loads of A320's. He's selling the shareholders the dummy. in 2008, Qantas group made over $1 billion, Qantas international had good route structure and Jetstar had around 20 aircraft, no international A330's, and no Jetstar asia. In less than 5 years Jetsar has grown to a fleet of 11 International A330-200's, 47 A320's and 6 A321's with 145 A320's on order. Now after only 4 odd years of AJ Qantas international is making a massive loss. Qantas commands one of the highest load factors internationally and arguably are the most expensive to travel with. But hey it still makes a loss of $450 million! Keep making international look like they are making a loss, reduce flights, free up "Qantas" capex by cancelling orders so you can have capex to invest in other ventures. I really don't think this is about unions, although that does work as a convenient smoke screen to expand a product our CEO cares dearly about. A very smart wee man who has a vision and a need to cement himself in aviation history as has his good friend O'leary in the north. Very very sad about what was a great aussie icon. Unfortunately unless we have a change at the top the future of the Qantas group is all orange. He has the keys to dad's car and he's going to thrash it to death and bring it back with the tank empty. Smoke n mirrors 101 |
As the Jetstar CEO, Alan could not ask for a better desk to be sitting at than the one the Qantas board has given him !
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Hmmm! You have tabled some very astute issues Mich.
Nonetheless, just how significantly the points you raise impact on Qantas Mainline, depends very much on how much On & Off balance sheet debit Jetstar Asia and Qantas have on their respective books and which entity guarantees what. Investment Analysts with access to the annual reports of Jetstar Asia & Qantas should be able to work it out, but why would they, no profit in kicking an already depressed share price and P.E. funds looking to buy a bargain aren’t going to say. |
Solution of course is for Shareholders to persuade the Qantas Board to separate Qantas from Jetstar by publically listing 49% of Jetstar Australia.
Independence would then be obligatory and transparency clearer. |
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