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True, and commendable.
But, once known to the director concerned, there is no choice but to report to the board who report to shareholders and the ASX |
With the cancellation of Syd/sin/fra from 16 April flight attendants have been offered another VCR package, memo states excess crew so needs to be "right sized". Estimated at 220 f/a's. how many excess pilots will this result in from the 747 tech crew?
Another reduction in costs for international when new figures get published at the AGM in 6 months time. Have pilots ever been offered VCR (voluntary compulsory retrenchment)? Please excuse spelling/grammar, bourbons going down very well. |
SEEK - Job Details
Indamiddle Expensive QAL Flight Attendants offered VR whilst "Cabin Crew Australia" are being recruited for International Operations. An exercise in cost reduction for the International Business in "terminal decline". MC. |
The ad is looking for someone with Arabic language skills.
Perhaps there aren't enough in the current group of flight attendants to serve what will be an increasing number of Arabic customers as a result of the EK/QF alliance. Does anyone know if there is a need? Is Qantas offering VR to anyone with Arabic language skills? |
Perhaps there aren't enough in the current group of flight attendants to serve what will be an increasing number of Arabic customers as a result of the EK/QF alliance. One would argue, why would you offer redundancies to French, German or Italian speaking QF Flight Attendants when AJ's plan is to fly these punters to/from Dubai/Australia legs on Qantas metal to connect with EK's network to Europe. |
MC,
EK has requirement for, and there generally is, an Arabic speaker on every flight, unless operationally inconvenient that is ;) |
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Great to see the CP Intl come out today and announce that QF see no need for redundancies, either compulsory or voluntary, based in the next 3 yr flying plan. It also doesn't take into account any 'potential' aircraft purchases "slated for 2016 and beyond".
Maybe now some of the "more senior" folks who were hanging on for a redundancy payout might consider retirement? :ugh: And before I get my head bitten off... yes! I have flown with guys who were holding out for redundancy payouts in lieu of straight up retirement. |
Maybe now some of the "more senior" folks who were hanging on for a redundancy payout might consider retirement? So far the massive expansion plans set in stone for Qantas International have left me somewhat underwhelmed. He is (as they all are) being paid to dispense Kool Aid. I reckon they've got pretty good at it too:) |
The reality is that the more senior guys wouldn't be targeted for voluntary redundancy I'm thinking. There would be plenty of S/Os who would be cheaper to pay out and who would consider it.
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V-Jet is spot on. The writer of this 'blog' has used the standard speak of 'do not forsee' which means diddly. He is most definitely dispensing the Kool Aid.
Just think about it for a second: * there is already a surplus of around 300 pilots * Mainline continues to either lose flying or maintain the status quo from month to month * the 744 is down over 1000 hours just for the next 2 months. * 380 now 2-pilot DXB - LHR - DXB so less work for S/Os Exactly how does all this fit together with DTs statement? Even if all the 744 guys are assigned leave for the next 2 to 3 years there will still be a surplus of several hundred. Why would QF carry such a surplus? If anyone can provide a sensible, plausible scenario for the next few years where QF actually needs all the pilots it has now (less retirements) I would be glad to hear it. I really would - my job depends on it. |
Conductor,
I have a healthy level of cynicism for anything that comes from above, however I do believe that we will see the 787 around 2016. I think management also need to see that happen, hence they are carrying a "surplus" (it doesn't hurt that they are removing AL and LSL from their liabilities in bulk). If they wanted to make guys redundant, they would have done so over the last few years, or at the very least given them notice. It is an expensive business, and carrying the number of excess crew that we have is not cheap. They are not doing it to be nice and they are not doing it because its the more expensive way to run the business. If there was a dollar in it, we'd all be out on the street right now. I also believe, for whatever reasons I'm not sure, that the "spin cycle" has started to opinion the other way. JQ has been a little on the nose of late, and they have been pumping the "great success" of the EK alliance. I suspect we will see more of this and the QF Intl books will look good in a few years. It will be interesting to see the responses over the orange fence when this happens. My career also depends on it! :8 |
Qantas’ business not yet back on track
Friday, 3 May 2013 Qantas’ current business transformation strategy will have “cost impacts within the second half of FY13,” according to the airline’s chief executive Alan Joyce. The transference of hub operations from Singapore to Dubai comes at an expense of AU$50 million. “We’ve always made it clear that long term gain can’t be achieved without the short term cost of transition,” Mr Joyce said. In August 2011 Qantas Airways identified that its international business was a single source of problems and set about creating a five year strategy in an attempt to turn things around. The long term goal was to return business back to profitability by 2014. However, international operations continued to struggle, through to the second half of 2012. “Last year we made an operating loss during that period,” Mr Joyce said. “We are [now] seeing aggressive short term responses from our competitors.” Qantas also has a one-off operating cost of AU$25 million associated with resolving enterprise agreement back pay issues with their long haul pilots. On the domestic front, Qantas “does not expect any improvement” during the second half of 2013. “We still face a tough environment with a high degree of capacity growth in the market, pushing down yields and profitability,” Mr Joyce said. Despite being unable to provide any profit guidance, Qantas Airways remains confident that they can deliver sustainable returns to shareholders. “We are well aware that, in aviation, you can expect the unexpected, and we continue to have the flexibility to adapt to any changing circumstances,” Mr Joyce said. |
Joyce says-
“We are [now] seeing aggressive short term responses from our competitors.” Short term indeed..........:ugh: |
I just used a booking engine to buy a flight from the Middle East to oz (something I regularly do), and lo and behold, the CHEAPEST FLIGHT WAS QANTAS.....by a long margin.
Something is afoot. |
Cookies must be enabled. | The Australian
Qantas profit forecasts slashed after Alan Joyce's warning BY:STEVE CREEDY From: The Australian May 07, 2013 12:00AM Increase Text Size Decrease Text Size DEUTSCHE Bank has slashed its full-year earnings estimate for Qantas by more than 60 per cent after chief executive Alan Joyce revealed last week it was doing it tough in the current fiscal half. Analysts Cameron McDonald and Entcho Raykovski revised their prediction that the carrier would scrape over the line with an underlying second-half pre-tax profit of $8.8 million to a loss of $135.8m. That would mean a bigger deficit than last year's equivalent second-half loss of $107m and lowers Deutsche's full-year underlying profit-before-tax forecast from $232m to $87m. The analysts expect the half to be challenging as aggressive competition from rival carriers erodes yields in both domestic and international markets. "In our view the pressure on yield will compete away a large portion of the unit costs benefits we previously expected Qantas to achieve in 2H1," they said, adding that it also reflected $25m in back pay the airline had agreed to pay international pilots. The Deutsche analysts acknowledged that the cut was a "significant downward adjustment" but believed it appropriately reflected the yield headwinds facing the company. However, they expected the market to focus on the 2014 financial year when benefits from the international transformation program would roll through and the domestic capacity war eased, and kept their share price target unchanged at $1.70 while retaining their "hold" recommendation. In an otherwise upbeat speech, Joyce told a conference last week that the airline was looking for an improvement next financial year from initiatives introduced across the business. But he warned there would be cost impacts in the traditionally weaker second half, including the $25m in pilot back-pay and the $50m cost of transferring its hub from Singapore to Dubai. "We've always made it clear that long-term gain can't be achieved without the short-term cost of transition," he said. Joyce predicted the airline next financial year would reap the benefits of moves to modernise operations, maximise partnerships, reduce costs and upgrade its product and service. In the international business, he said major reforms continued and management would look for opportunities to reduce costs and improve productivity. The domestic Qantas business remained strong but faced a tough environment with a high degree of capacity growth on the market, which was pushing down yields and profitability. "While we do not expect any improvement this half, capacity growth is alleviating, which will lead to a healthier capacity position in FY14," he said. Jetstar was progressing as it built scale in Asia. Separately, Air Pacific has tapped senior executive Aubrey Swift as acting chief executive while the search continues for a permanent replacement for departing boss David Pflieger. Seeing as unprofitable routes like: SINFRA (highly unprofitable) BKKLHR HKGLHR PERHKG ADLSIN AKLLAX SYDEZE SINBOM One PERSIN have been cut, why isn't QF any more profitable :rolleyes: |
How do you grow an airline by selling seats on another ?
The bean counters sure know how to f#%k things up ! |
Part 2 of the news article should read.....
Part 2;
"Although the airline has not been able to return a dividend to shareholders in years and the companies performance has slipped some 90% since Alan Joyce came onboard, the outlook for executive bonuses remains very strong, with forecasts predicting executive bonuses (which have remained steady and progressive) will in fact climb higher as management find new and innovative methods to ensure that their personal executive net wealth grows at an exponential rate in line with best corporate greed practise. It is further envisaged that investment in aircraft type, infrastructure, systems and a return of value to investors will take place in the second half of 2026". |
the other elephant in the room
This is bizzare. Now Alan Joyce says that the initial surge in bookings following the EK partnership has tapered off, competitors like CX and SQ have responded aggressively? All I know, things are changing daily, a lot going on at the moment for both airline groups. Sir Richard and JB, interview, interesting perspective, for those who missed it. . |
TIMA9x,
Any chance you can create video copy from 4.55-5.23 and post it express to AJ. Perhaps title it "The winning strategy." |
Market Share
interesting aside from Tim Clark
Emirates-Qantas Deal Not A “Reaction” To Competition – Clark Emirates president Tim Clark said the airlines were not influenced by Etihad's partnership with Virgin Australia. The recent partnership between Dubai’s Emirates Airlines and Australia’s Qantas was not a reaction to competition and materialised purely because of mutual gains, according to Tim Clark, president of Emirates. Speaking at the Arabian Travel Market (ATM) event in Dubai, Clark said that the decision to partner with the Australian carrier was not influenced by Etihad’s partnership with Virgin Australia that was announced in 2010. “That agreement was done two years ago and was very different… Our partnership is not a reaction, it’s simple maths where it’s a win-win for both the parties,” he said. “[For us,] it’s not a question of what Etihad was doing or not,” he added. Emirates and Qantas first announced the 10-year partnership in September last year, but received final approval for a five-year alliance from Australia’s competition regulator in March. “The process of getting approval was not easy. We had to work hard to demonstrate that the move would also benefit consumers,” said Clark. The arrangement includes changing Qantas’ hub from Singapore to Dubai for European flights, and the two airlines will offer a combined total of 98 flights a week between Australia and Dubai. Industry experts say the impact of the relationship is already being felt in Dubai, with hotels reporting a rise in Australian tourists. Emirates-Qantas Deal Not A "Reaction" To Competition - Clark » Gulf Business |
why isn't QF any more profitable The only trouble with this, Q mainline has been concentrating on the new Emirates deal which has nothing to do with Asia.... go figure.. we were told at the time 3K Asia was an amazing business. Jetstar misses another opportunity in Singapore as it reduces focus on China market | CAPA - Centre for Aviation Mainland China has accounted for the entire decrease in North Asia capacity, which is rather surprising given the importance Jetstar Asia previously placed on the Chinese market. Jetstar Asia is currently offering only about 5,000 weekly return seats in the Singapore-China market compared to about 8,000 weekly seats one year ago. interesting A stock market disclosure that AirAsia X is bringing forward its Australia expansion plans poses a much sharper attack on the Jetstar franchise in Asia than a mere doubling of capacity to Sydney and Melbourne sooner than originally expected. Jetstar in pincer attack from AirAsia X, Scoot | Plane Talking It's good to revisit what AJ said live on ABC news 24 back in Feb followed by The Business the same day. It is also important to note SQ's profit figures in decline over the past three years. Will be interesting to see SQ's next results by comparison to see if Scoot has cannibalised SQ's core business. https://lh6.googleusercontent.com/-o...2013.JPG?gl=US . It appears now, more than ever, there is a growing argument for Qantas mainline to get as a priority whatever new metal that is on order for the Qantas group, to go to the LH operations to build on what Bruce Buchanan had planned back in July 2011 for Jetstar. I am convinced that the Qantas brand is the way forward for Asia, not Jetstar which appears to be floundering amongst its rival LCC models in Asia. Jetstar's new North Asia focus leaves room for Qantas Singapore expansion to Europe and India | CAPA - Centre for Aviation Jetstar's new North Asia focus leaves room for Qantas Singapore expansion to Europe and India Joyce predicted the airline next financial year would reap the benefits of moves to modernise operations, maximise partnerships, reduce costs and upgrade its product and service. |
I recall Sunfish saying a while back to watch for the arrival of former EK execs into Qantas as a sign of a potential takeover by stealth.
Lo and behold: QANTAS'S high-profile head of corporate and government affairs, Olivia Wirth, will move away from government lobbying and take on marketing role in what the airline has labelled a "strategic refresh". Ms Wirth, whose partner is Australian Workers' Union national secretary Paul Howes, will take on a newly-created role of group executive brand, marketing and corporate affairs. The role incorporates her existing responsibilities for communications and adds responsibility of the Qantas brand. Emirates executive Andrew Parker will join Qantas in the newly-created role of group executive, government and international affairs. Qantas also said it would consolidate its market intelligence and customer insight function, currently spread between different business units, into its existing strategy division. The airline said the changes would implemented by July and would mean the position of its current executive general manager of marketing, Lewis Pullen, would no longer exist and he would leave the company. |
Wirth rebranded, internal shuffling.
Livvy has a new role in QF. She is now boss lady of Group Executive Brand, so she still stays at QF.
I enjoyed the photo in today's Australian, there has always been something about her that puts my flag at full mast! |
Keg - I had _exactly_ the same thoughts. Thanks for digging up the reference.
A moron of that calibre shouldnt be allowed near anything more complicated than a mouse trap - let alone an airline. Makes me sick contributing to her $1m+ benefits salary... |
There's sweet fa for mainline career progression but at least Olivia got some. What's the salary now? $1M?
Maybe the next step will be CEO? We've got the six million dollar man now, perhaps wonder woman could do a better job. |
My German Shepherd could do a better job.
And he works for Pal! |
Qantas closes frequent-flyer loophole
Travellers wanting to fly economy from Australia to London return had been able to escape paying $610 in fuel surcharges by redeeming their frequent-flyer points on an Emirates flight rather than Qantas. They could also pay $290 less for a return economy with Emirates to an Asian destination. Qantas cannot raise the total cost of a ticket considerably higher than its rivals because it would make it uncompetitive. But it can try to recoup the cost of fuel by imposing fuel surcharges on passengers who are using frequent-flyer points to pay for their fare. Read more: Qantas closes frequent-flyer loophole https://lh3.googleusercontent.com/-6...onth-chart.JPG |
Look at that share price. I think it may be time to announce another alliance with Emirates!? :ugh:
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What's the betting that QF will fly only to/from the East and not to Dubai/Europe shortly?
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Or maybe just to Dubai, until everyone realizes that they may as well just book on Emirates. Not going to London, considering the history involved, would be a major loss of face for senior management.
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would be a major loss of face for senior management Invite clingons from both sides of politics, the big end of town and media personalities from all major networks and fire out the free champers and grange and the problem solved. "The management team have been developing strategies to compete in the difficult global aviation market...blah,blah, blah. Inefficient work practices from the unions blah, blah, blah" And lets not forget to have the hangar party on a friday night so that they can close down the first 3 domestic bays so it will completely stuff the domestic network for the evening, but at least the management team and clingons wont be put off the grange, by aircraft noise from aircraft that were suppose to be using gate 1, but are now holding abeam taxiway f for another bay to become available. |
At $1.19/share has the market already factored in the latest profit, errr loss?
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Livvy reminds me of the narcissist I wasted Two years of my life on. I would hate to work for her. I would imagine that the marketing group will now get a "clean out" of anyone she regards as a threat to her omnipotence.
The happy couple will now get "A List" status in Sydeny(sic). Expect Howe to get a safe Labor seat next election. Livvy will knife Joyce a few years from now. |
Folks,
A microcosm of what is going on in Qantas, and who makes what decisions. An offspring of mine is not just a frequent flyer, but a very frequent flyer. If there was such a thing, he would be a "double platinum with diamond borders and inset black opals" Oneworld frequent flyer, I have now idea how much his tickets are worth every year, but it is well into 6 figures. The travel budget he controls is many times that. On a recent trip BA, LON to BKK, onwards with QF to SYD, booked months in advance, he was bumped in BKK??? He wound up coming the last leg with Emirates, some hours later. And, guess what, they lost all his bags!! They all turned up in Sydney three days later?? As long as Qantas longhaul does not have a fuel efficient fleet, it cannot make money with the available yields, even with a 100% load factor, and many sectors from observation, are close to that. Tootle pip!! |
Qf fy 12/13 profit
2 weeks to go til Qf reports on the financial year. No profit( or loss)guidance. What r re guesses and probability of dividends?
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Small profit,times are tough, fuel very expensive due to weak $Aus,no dividend however international has turned the corner due to the difficult decisions taken by management and hence we have awarded ourselves massive bonuses once again. Sound familiar?
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It must be really tough for them this year, because after years of bagging LH International, this time they have to paint International as being "saved" by the tie-up with Emirates. To do otherwise would be to admit failure, and we know that this lot never fail!
So how will the buckets of money be divvied up? Jetscum, of course, will continue to be the Golden Child, but since Domestic is knee-deep in an ongoing EBA, my tip is that the former cash-cow will suddenly be drying up. |
Partnership transition costs. Jetstar HK and JP start-up costs - these will be some of the excuses for this current year.
Forward projections will be trimmed due to the strengthening dollar and increased competition to the EK/QF "partnership" from others who had managed to trim their own costs better in an ever more volatile industry. All of the above have already been dropped into the pond, just need to wait for the ripples to hit the final report. But wait: there will be a glittering new project to look at and wonder about ... maybe RedQ reappearing at SIN to tap that premium market - something to throw a lazy $50m at to distract the audience and from which the plug will be pulled after a suitable period. It's all become soooo predictable. Regards, BD |
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