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Frequent flyers hit as airline surcharges fly high despite slump in fuel prices Qantas charges a fuel fee of $340 for a one-way economy and premium economy ticket to the United States, and $390 for business class. On flights to Britain and Europe, it charges $285 for economy class, $385 for premium economy and $540 for first and business class. http://blogs.crikey.com.au/planetalk...-it-seems-yet/ However for air travellers, including those who rely on Qantas and Virgin Australia, or for that matter own shares in them and salivate over the the thought of huge boosts to profitability, the short to medium term outlook is not quite that brilliant. Australia’s major airlines are like most carriers, holders of fuel hedging contracts that have locked them into previously ‘comfortable’ prices that are now highly uncomfortable, and it will take months, maybe running beyond the end of this financial year, for those now onerous hedges to expire. If oil were to stay low, and lower than the adjustments to the value of the Australian dollar, the benefits to the Australian carriers will be substantial. The big losers will be the hedge issuing banks or financial institutions, a popular thought at any time. |
maggot
i think youve missed cfm's point. he's not arguing the wisdom of qfs investment. just the hypocrisy when they complain about other "state backed" airlines doing it |
So the half yearly 'profit' we have all been working so hard for is effectively going down the drain by topping up a loss making business in Japan..........nice to know that they can sack hundreds of people but still waste money in stupid ventures like this.
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@waren9 yeah I think I'm connecting dots that dont exist. I need a beer, long ass week:zzz:
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Paging Sunfish, please pick up the white courtesy phone
Interesting little snipet from Friday's AFR. Emirates non-equity takeover looks like it is moving to the next phase. Nothing like having your own Intel operatives installed at the target. What decision or rule change could they possibly want from Canberra?
Getting the band back After five years working for Qantas's partner airline Emirates in the city good tast forgot, Dubai, Trent Mumford will join Andrew Parker's government relations team at Qantas in January. He will replace Craig Simonetto, who's off to Transurban. Mumford is clearly a fan of Parker (best known as the lucky bastard with a walk-on role in Kevin Spacey's House of Cards). He's previously called Parker boss at Parker & Partners and Emirates. |
More dribble from the Coolaid dispenser
Qantas Airways and Japan Airlines provided a combined equity injection of approximately A$114 million to Jetstar Japan. The investment will support the airlines growth including the launch of International operations in early 2015 - International ticket sales are expected to start before the end of this month - which will enable Jetstar Japan to make the most of the significant potential of the Low Cost Carrier market in the worlds largest economy. Huh? Worlds largest Economy - Japan! I thought Japan had the third largest economy by GDP behind the USA & China. Japans GDP is about one quarter that of the USA. |
It all makes perfect sense to pump more money into Jetstar Japan now that Japan is officially in Recession.
Kool-Aid all round to celebrate the next traunche of executive bonus'. |
Japan is the most indebted country on Earth as the Yen is devalued 15% as QE Nippon style works it's magic. Keep pumping in the cash chasing the rainbow but never admit their errors of judgement.
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Qantas facing more fines over role in air cargo price fixing cartel
Former Qantas head of freight in the US, Bruce McCaffrey, even served eight-months jail for illegal price fixing of cargo shipments. There's a few more I would like to see locked away |
You know who is happy though? Old skincare Bruce who reportedly still gets paid over 800k a year to keep quiet about the abject failure that is jetstar international.
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Surely this can't be true? How is this $800k accounted
for? |
Consultant fees?
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Surely this can't be true? How is this $800k accounted for? |
Well this is a rumour network, but...
A skipper of a charter yacht in the whitsundays had ol' Brucey on board and he was laughing and boasting to his mates and blatantly stated that sentence. "To keep my mouth shut about the failure of the Jetstar business model as a long haul business model" Feeling the love? |
If this is actually true, then it is complete bull****e and should be exposed. Any half decent employment contract would have had a confidentiality clause that would have had the same effect with NO payment.No wonder the place is broken.
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Apparently , Brucey wrote a paper stating that the jetstar model was doomed to fail , and Alan was not happy , so Bruce "voluntarily" got into skin care, and was paid forevermore to keep the report buried.
Fits the facts we DO know |
If this is actually true, then it is complete bull****e and should be exposed |
Well possibly in general terms but not the specifics.It is the specifics that will bring them undone. so journos where are you.
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At a recent love in, the new COO was asked directly why QF needed to have a specific return on capital before investment on new airframes, yet JQ Intl didn't turn a dollar and had the newest aircraft in the fleet. His answer was that he acknowledged the truth in that, but simply wasn't able to answer that question as he didn't know the reason.
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.... because Jetstar (Intl) is going to fly all the Qantas tail 787 900s that will come. Duh!
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At a recent love in, the new COO was asked directly why QF needed to have a specific return on capital before investment on new airframes, yet JQ Intl didn't turn a dollar and had the newest aircraft in the fleet. His answer was that he acknowledged the truth in that, but simply wasn't able to answer that question as he didn't know the reason. "Until it returns its cost of capital" is meaningless gibberish that can never be tested in a court of law. Management simply needed a plausible cover story in order to justify the process. |
... because Jetstar (Intl) is going to fly all the Qantas tail 787 900s that will come. Duh! |
Best news for a while
Alan has agreed to save on fuel costs sending OJA to the desert and will dump it on a Museum :} https://www.facebook.com/AirlineSafety |
Best news for a while Alan has agreed to save on fuel costs sending OJA to the desert and will dump it on a Museum Even I would forgive Alan if he goes through with this.. Wow, did I just say that! :):ok: http://www.aussieairliners.org/b-747...a/4630.152.jpg |
It's a romantic thought but...
VH-OJA QF6024 08Dec LAX-MHV That's Mojave, for those that don't know. The only way out of that place is in the form of a recycled Coke can! |
Looks like the sale is off CoolB1 and it is going to a local museum after sorting through a few issues.
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OJA
Having worked on OJA over many years, I have to say it was in great condition compared to some of the other 400s in the fleet and always seemed to have less problems to rectify than some of the newer 400s, perhaps because most common problems had already been sorted.
It was and remains one of Queens of the sky ! |
OJA Definitely going to Albion Park
Heard it personally from Alan Joyce this evening at the 767 farewell function. :)
Not saying there may not be some possibility of an unseen hurdle cropping up to stop it happening but the intention is 100% to park it at HARS. |
As a non-pilot, is it possible to safely land a presumably almost empty 747 at Albion Park, and once in, is there any way to fly it out?
It seemed hairy enough to me making a few trips in the Qantas Dash 8 before that service was cancelled. |
As a non-pilot, is it possible to safely land a presumably almost empty 747 at Albion Park, and once in, is there any way to fly it out? It seemed hairy enough to me making a few trips in the Qantas Dash 8 before that service was cancelled. Once it's in there though. It's there to stay. |
Geez, Tima, I didn't think you'd be so easily bought....:eek:
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The problem with Albion Park is corrosion. IRA is not Longreach where the air is dry. At IRA, if you scrape a hole in the ground it fills with saltwater and the runway is only a short distance from Lake Illawarra which opens to the sea.
So if OGA is seen as a significant heritage item, its not the place to go to preserve it. If its to be just a tourist draw card then its the way to go. Wunwing. |
They should mount it on a humongous pole out the front of the CAMPUS to remind all the wankers that they work for an airline that has aeroplanes.
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Troo
The "wankers" don't get it and sadly they never will. Hopefully OJA is to be preserved because true believers with beating hearts want to see part of the company's heritage preserved, not because some psychopath thinks; "This'll make me look good". |
Went to the "campus" recently and up to information desk and asked what floor flight ops is on these days. Quizzical looks from the desk person .... "Not sure I've heard of them , what do they do ?"
Sigh . |
Hopefully OJA is to be preserved because true believers with beating hearts want to see part of the company's heritage preserved Spent a lot of time sitting on the QFI 744s SYD/LHR, gained a lot of respect for them and their crews over the years. It would be a shame to see OJA looking like this at Victorville. https://lh6.googleusercontent.com/-Y...0000a-vivt.JPG Albion Park would be a fitting home for OJA, great exposure for the Qantas brand and good for the Local business community, a wonderful "gift to Wollongong" from our National carrier. A win win for all of us. |
Alan is actually VERY happy right about now...
Qantas flags profit rebound on lower jet fuel prices, cost cuts |
Alan is actually VERY happy right about now... Qantas flags profit rebound on lower jet fuel prices, cost cuts |
The man is simply an amaaaaaazing CEO
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The man is simply an amaaaaaazing CEO |
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