|
That 155 million in shares that went to execs might put a dent into any profit
|
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! Dubai Airport repairs to hit Qantas flights Qantas faces a reduction in flights to Dubai during a three-month period next year due to urgent repairs to the runways at the world's second-busiest international airport. It has emerged that Dubai Airport told Qantas in late April that it proposed halving the number of flights it could operate there while major construction work was carried out on two runways. The runway closures also threaten to reduce the number of flights that Qantas' alliance partner, Emirates, can operate between its home base and Australia. Between them, Qantas and Emirates control more than half of the market share of passengers who fly between Australia and Europe. With it showing the strain from an influx of large aircraft such as A380s, the airport is carrying out extensive repair work from next May, including laying 180,000 tonnes of asphalt on its northern runway. This period takes in the busy European summer. Advertisement Qantas has been lobbying Dubai officials to retain all of its 28 weekly landing slots during construction, and senior executives are in the city this week to again press the point. Read more: Dubai Airport repairs to hit Qantas flights |
No Effect on Emirates ?
Im guessing that Emirates will be shielded from the runway repairs.No doubt they will step into the breach for QF pax."Fly with Emirates and be protected from delays in DXB" will be the SMS sent to all QF FFs travelling to Europe
|
Im guessing that Emirates will be shielded from the runway repairs Hardly what one would call shielded. As with QF there is no direction from management on the issue at all yet, indicating that as reported, Dubai Airport hasn't got it's **** together and finalized any numbers. At the wash-ups, EK management are quoted in the last few months as saying that there will categorically not be any LWOP offered next year. We all know how true something is once its passed from a manager's lips so bring on LWOP next summer :ok: |
If the runway works are going to have such a big impact could QF just switch to using Singapore as a stopover to Europe?
|
Now, now, don't bring logic to this thread!!!
|
Asian economies stalling - Impact on the Leprechaun ?
I wonder if with what has been occurring over the past week around Asian markets there could be potential holes in the little mans pockets to come in the next few months?
None of the experts saw India's debt bubble coming. Sound familiar? | Comment is free | The Guardian And; Yahoo! Finance |
Jetstar India! Golden opportunity!
|
Interesting when joining the dots on this thread since Feb
Qantas posts nominal profit, dividend drought continues Jetstar, domestic plus international plus offshore franchises, suffered a 33% drop in UEBIT to $138 million which was attributable to increased Domestic competition and start up costs in relation to Jetstar Hong Kong, which is yet to start, and Jetstar Japan. Qantas posts nominal profit, dividend drought continues | Plane Talking I wonder if with what has been occurring over the past week around Asian markets there could be potential holes in the little mans pockets to come in the next few months? |
The market has responded positively. QAN shares up almost 10% :ok:
|
The market has responded positively. QAN shares up almost 10% http://images.ibsrv.net/ibsrv/res/sr...ies/thumbs.gif |
Alan Joice would tell you a poo sandwhich tasted good and was beneficial to your health.
|
$5m profit!
Should be just enough to cover AJ's wage bill plus annual bonus. As for the other 32,999? |
Taken from the filed summary "a $134million (positive) change in accounting estimates, applied in the second half, for the recognition of passenger revenue...blah blah" Amazing how much money can come or go with the flick of a pen, and what story creative accounting will let you tell.
|
Interesting, not one line regarding the performance or JQ International...
|
As has been posted by others previously, it was a deliberate decision to split QF International and Domestic. It was also patently clear that it was a deliberate decision to NOT do the same with JQ. To clearly hide the miserable performance of some, if not all of its international operations. The results will be forever hidden however and wherever the Management can. AJ will NOT allow JQ to be seen as other than a roaring success.
|
The results will be forever hidden however and wherever the Management can. AJ will NOT allow JQ to be seen as other than a roaring success. Herd it all before "the positives starting to bear fruit" |
Sale of Assets and Boeing Compensation =Profit
The compensation from Boeing paid to Qantas plus the sale of Qantas Defence services added to profit from Frequent Flyers programme generated the miniscule profit.Elsewhere:freight down $45m.Jetstar down $65.Qantas domestic down $95.The plan is working a treat.Bonuses all round for Exco
|
Down Down Profits are Down
|
Has AJ conveniently forgotten to thank Mainline pilots for taking voluntary leave of absence.
I guess there would be 120 pilots on leave of absence at an average pay rate of $200k pa (conservatively). That's saving the airline about $24M a year and keeping a pool of available and experienced pilots for if/when the airline expands again. However AJ choose to focus on the once off back pay. MC. |
| All times are GMT. The time now is 06:44. |
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.