If they control the cost of their own labour then staff would be more willing to come to the party...the trough guzzling whilst slashing and cutting is obscene.

I'm bemused by all the talk of high fuel bills - has anyone looked at Platts lately?

Over the last 3 months, the price globally has *dropped* by about 17% in US$ terms, though it has started to upturn again in the last few days.

What's the AU$ done against the US$ in that time - gained about 5%?

Can someone explain to me why fuel surcharges continue to increase?

Regards,

BD

Qantas' Joyce is the new IATA Chairman | Voxy.co.nz

Someone likes him.

Tartare:

I'm sorry Tartare, but you just don't get it. Nobody, especially not me, is denying the right of any company to trim its workforce or make major changes for self preservation. However what all of us are commenting on is the totally inept, inefficient way Qantas is trying to do it!:ugh::ugh:

If your organisation needs to kick the staff in the backside and downsize then you do it, but you do it FAST and CLEAN!!! You do not do what Qantas has been doing for at least Ten years:


- Destabilising and stressing their workforce.

- Presiding over an endless "change process" of reviews by consultants and self aggrandizing management - immortalised by Margaret Jackson.

Today it appears to me that any Qantas employee is totally uncertain about their future which is an absolute and major dereliction of duty by the Board and Management.

As CEO you get to lose sleep over dealing with uncertainty and thinking the unthinkable - it is your job - managing and coping with uncertainty in order to give your frontline staff a certain predictable work environment in which they can deliver high quality goods and services to your customers.

Your staff are not paid to deal with uncertainty, YOU are! Yet what does Qantas management do???? Maximises staff uncertainty which leads to rotten morale and low quality performance.


To put that another way, what do you think would have happened to Air New Zealand if Fyffe had announced a nine month consultants review after which unspecified cuts would be made? What if the staff were constantly bombarded with messages designed to divide and conquer= "maybe you will have a job next year and maybe not"? What if he had stayed in some ivory tower in Auckland all the time instead of showing himself to the staff and leading by example?

Best.Post.Ever.

Hmmm, interesting, is it the fault of the schools for turning these people out? or the board for continuing to employ these people, pray tell??:confused::confused:

Arnold E,

why not make a decision, and come to your own conclusion on that? :}

I would have thought that the fact that I have questioned this would have indicated that I already have. :E:E

This is getting interesting

Qantas Fire-Sale Discount Seen Inviting LBO After Plummet - Bloomberg

69.7 million shares traded today...seems someone is buying in?

Sound Familiar?
 

ABC The DRUM

The story of Fairfax's decline is one of managerial failure. The company has been run by senior executives and boards with no direct experience of running a media company. Instead, leaders at Fairfax have been property developers, management consultants, accountants, and rugby players. Those people did not have the experience or understanding of a people-media business to steer the ship into safe waters. Instead, they allowed Fairfax to remain at sea while competitors savaged the business. One by one Fairfax was stripped of its classified advertising "rivers of gold". The jobs went to Seek.com.au; cars to Carsales.co.au; homes to Realestate.com.au.

And shorn of those easy revenues, the only way Fairfax CEOs could "stay in the game" was to cut costs faster than revenues fell (all the while pocketing eye-watering salaries and bonuses).

Instead of having the foresight to embrace and invest in the digital age by bringing together mastheads to work collegiately, Fairfax leadership instead chose to separate the online team from the print team and run them as two distinct businesses, with "Fairfax Digital" competing for advertising revenues with the so-called "Fairfax Publishing". In 2007, I was asked to lead a team of three senior executives to visit the most progressive newspaper/media companies in the US and UK and report back to the then CEO, David Kirk. We went to the Wall Street Journal, New York Times, USA Today, Washington Post, The London Telegraph, The Financial Times and The Guardian.

We reported back to Kirk that every one of these had brought together "print" and "digital" into one resource; that is, one editorial team, one advertising team and one back office. Kirk flatly opposed doing the same on the grounds the two businesses were both very profitable. And he wanted to keep it that way.

Five years later, with the company's market value slashed from $7 billion to just over $1 billion, this integration will finally be imposed next month.

And for the first time in living memory, the change will be led by a former journalist and senior editor, the CEO, Greg Hywood, along with the advice of consultants Bain & Co (Mitt Romney's crew).

But it's too late to save the Fairfax we know. The share price has collapsed from $5 to 60c or less because no one in the market believes there is a coherent strategy for the company. And that has left the company weak and defenceless to predators such as Rinehart.

- For Fairfax read Qantas...
- For the lovely Gina read Messers Dixon et al...
- For 'Team of Senior Executives' read any one of several unions ...


And finally why can this get written up in mainline media straight away and not the Qantas debacle?

Please tell me how any experience "media" directors would have helped save Fairfax... Fairfax has been attacked by the Internet - ie New Media, an industry that didn't exist 10 years ago.... meanwhile it has been strangled by an inflexible workforce, high cost structure and entrenched workforces....

Now does that sound familiar.

Opportunities missed by Management
 

Fairfax was at a crossroad ten years ago.It should've began developing an online presence then.Instead over the same 10 year period it has invested $3.5 Billion and seen profit decline and losses accrue to over $400 million.
That sounds more familiar:No vision,no forward planning and capital squandered on the wrong plant

????????????????????

Please explain.

Fairfax is dying because they sell a crappy product and have taken their readers for granted having presumed to tell them what's good for them. They're not prepared to listen to outsiders, they're not prepared to spend the money where it's needed. Qantas would NEVER be accused of that. Oh, wait...... :ugh: :E

Plane Talking has another piece of Qantas today, no two, as the other is about more seats and less dunnies on the reconfigured A380s which sounds more like pissing on the customers than pissing them off.

Qantas A380 refit means more seats less toilets | Plane Talking

I cut this out of the second item looking on what other analysts think of Qant.

At the end Ben hints Qantas was late telling the ASX about its loss because a deal with Emirates fell through at the last minute. .

From Plane Talking:

:}

Qantas Asia chances critiqued, and a note from Emirates | Plane Talking

Ben is close to the nub of the flying rat woes:

piston broke again

.....seems someone is selling !.

Share Trading software showed QF as a sell on Mon 2 May when the price was around $1.71 so the 'smart' started to get out 7 weeks ago. This may have been due to 'inside' information or the fact that QF is going to spend most of the next 5 years making less money than it costs to fund the airline's operations.

Should the World economy 'fall over' in the next 2-3 years anything could happen with QF.

Destination unknown for Alan Joyce | Angela Priestley | Commentary | Business Spectator

Nice last sentence.

A Preamble to Departure
 

The information in this piece is circumlocutory.Its all about letting everyone know that Joyce is on the outer and his departure is imminent.We live in hope

Readers of Paul Barry's Power Index The Power Index maybe interesed in this article featuring AJ. The final paragraphs follow...

"While Joyce is hardly shy of talking up these challenges -- and particularly complaining about the competitor -- he's made attempts to meet them with an approach that long-time aviation journalist Ben Sandilands likens to a kid with an attention deficit disorder.
But Joyce is finally running out of energy. Some watchers believe that Joyce's departure is imminent, and could occur within a matter of weeks.
The man's final surprise could be that he pulls a rabbit out the hat with his strategy to split the airline into both domestic and international divisions puts the group in a more profitable position.
But we reckon he may finally be out of party tricks."

Try an analogy with the Costa Concordia.

Reckless abandon to duty with a history of cockiness and not listening; results in the grounding of a perfectly good ship on the rocks.

Inability to lead, indecision and unable consign effective order results in mayhem onboard.

Jumps in the liferaft to save own skin then blames everybody else.

Is the Costa Qantasa salvageable? Or will it be cut up and sold for scrap?

Perfect analogy TT. :cool:

..........ditto on TT's analogy:ok: Although the Costa floundered in shallow water,perhaps QF will be more like the Titanic & go straight to the bottom never to be resurrected ! Either way it's sinking & the guy at the helm could very well be on his last voyage too!


Wmk2

Oh Alan!
 

Alan's alter ego perhaps??:E

[YOUTUBE]
...after all leprechauns supposedly have green thumbs!:ok:

Or maybe Ben is onto the Irish logic of it all....

Ryanair's new Aer Lingus bid begs Jetstar/ Qantas questions | Plane Talking

QF . Is the end near ?
 

Talk is AJ is planning something. Is it near the end for mainline International ?

I think something has to be coming. Sudden profit talkdowns, strange rumblings about an Etihad/VB tie up sending QF broke.....somethings in the wind.

If QF intl can lose $450 million bucks in a year , it can be shut down july 1st and save Qantas group over 1 million per day. Finally scrap the long haul agreement and fly domestic only. Its in the pipeline one would imagine. In 12 months everyone will look back & see how obvious it looked.

Thats an interesting thought. If International is shut down, who will prop up JQ? Answer=Domestic. Then we will have "Domestic is not profitable" story, and it will be shut down and bingo all that is left is JQ. Rebrand it QF, and we have a new "QF light". Or am I thinking too hard?

House of Cards
 

No matter which way you look at it,take QF international out of the equation and the Qantas Group is toast.The whole business is centred around international feeding into and out of Australia.The Group would need an international feeder airline immediately if longhaul mainline were to cease operation.

Maybe not race bannon. Qf is only bringing in, what %13 total traffic in & out of Aus. Maybe better to accept fact & stick to Dom ops whilst the rest of,the worlds airlines bring in the pax. Would of thought a massive majority of QF dom pax are simply that. Aust dom pax. Not Intl tourists.

Interesting article here, with the LNP likely in power this time next year is this the real lobbying QF have been doing? And note which coalition pollie was the one to make the comment

Hockey suggests lifting Qantas restrictions

Look, I might be just a dumb LAME, but why did international lose $450 million.:confused:

It seems to me, as dumb as I am, that the answer is, that the costs were more than the profit. Now as I said, I am only a dumb LAME, but wouldn't it make sense to increase the cost of flying to compensate???

Now I hear you cry, but nobody will fly with us, but at the same time, we will not be loosing 450M dollars.

By the way, I dont believe that nobody would fly QANTAS, maybe a few less.

Who is responsible for losing 450M? the pilots, engineers, ground staff, and if fact all who make QANTAS what it is? or those people who make the losses??

AJ and Co, it would seem to me, dont make QANTAS what it is/was.

Perhaps AJ would like to comment.

By the way, I dont work for QANTAS, never have and never will, but most Australians have an interest in what happens to Q, AJ will never be Australian.(not interested in what anyone else thinks about that)

...

Wirth flies with the punches

Arnold E. "but wouldn't it make sense to increase the cost of flying to compensate???".........um, only 13% of people arriving or leaving Australia use QF. Surely charging higher fares would only force those 13% o to another carrier?

"most Australians have an interest in what happens to QF"........um, they don't! The people who read this thread do. The 87% who fly on other carriers shows the level of interest. Zip, nada, nil.

Charge more money? I am only slf....You pay premium prices and you expect a premium product, sadly qantas just doesn't cut the mustard these days IMHO for the prices being charged.

I would love to see qf prosper however, there are too many better value for money options out there.

Best of luck to all of you qf folk out there.

Best of luck ? You're an idiot. I'm sorry but it's the truth.

Stupid statements like there are too many better value for money options out there. and You pay premium prices and you expect a premium product, prove without a doubt, you are a sheep who believes in perception rather then the truth.

The perception that Qantas charges much more then anyone and is just **** all round.

If Qantas is so ****, why are their price points basically exactly on par with Virgin if not cheaper in many instances ? Don't believe me ? Goto webjet.com.au the easiest price aggregator in Australia. Prove me wrong. Not that I care, I check facts before I form opinions, something obviously foreign to you.

Qantas does compete on price, Qantas has MORE frequency, Qantas has the BEST on time performance. Simple facts.

But don't let your perception get in the way of the truth. And don't fill up this board with mindless **** statements with no proof and statements akin to 'yeah qantas is **** because its oh so expensive and you'll all be out of a job soon but good luck to all.'

Have you even flown Qantas lately to label them in such an idiotic way ?

Ahhhh, yes I have, and I stand by my comments based on my personal experiences. Thanks for your constructive reply though.

Yes international, and it's not a matter of just saying qantas is Shiite...I don't believe that, however I just believe there are more competitive products out there.

Maybe he is talking about international flights???