Another ground breaking reality show featuring "tech savvy" twenty year olds doing normal everyday stuff whilst being made out to be dealing with major dramas every four hours?

Keg,

From Fragrant Harbour Cx & Ka are hoping China Southern make a heavy investment in Qf. I dont mean that in a good way either. CSA have some very heavy investments re fleet expansion, routes etc. If they invest in Qf, that is a good thing as seen from up here. (Takes the heat off them).

b.

Hey boocs, thanks for the info. Interesting times.

In The Australian this morning GREENS Senator Brandt blamed our Prime Minister for the current debacle at QANTAS

Always worth a giggle the greens crazy world view eh!?!? :rolleyes: One day the Aust voting public will wake up to them...then again maybe not....

That said....it is worth remembering that the current senior QF management and board members are significant donors to the Abbott government (Or 'Gummint' in Tony Abbott speak).....and clearly the 'Gummint' (TA speak again) is well and happy to endorse the actions of AJ & LC, as long as they contribute handsomely to Liberal party coffers..... :rolleyes::{

Or as Sunfish would say..."to put that another way"........Clearly Joyce's and the QF Board actions are entirely supported by the Abbott 'gummint'....happy to take the cash and the lifelong chairman's club memberships on offer!!!!

You cannot tell me that behind closed doors, Abbott, hockey, Clifford and Joyce are not having a right giggle at the predicament they are setting you up for!!!

From the Virgin announcement thread.

AI liked JB when he said, "we are not a slash and burn airline"

Seriously
 

Seriously, how can anyone, shareholder, Institution, Employees or the General Public believe a word Alan Joyce says....like Jetstar is loosing money hand over fist, why would you put a fuel efficient long range 787 in a low cost model, when you can get a far great return on the produce in a premium sector...Hello look across the water, Air New Zealand!!!
Now they have a management team and a strategy...
I am afraid unless they remove Joyce and the Board Qantas with the blood sucking leech Jetstar will continue to loose money!
It time to go Joyce, we have continuously heard the same crap over and over...you have had 6 years and produced an Airline that has continuously strunk!

Qantas has never been the same (in the eyes of the public and staff) since AJ famously shut down the Airline back in 2011.

Absolutely speechless, How much more of this incompetence do we have to tolerate? :ugh:

Seems to me that you a proponant of the same idea that you are bagging the Greens for suggesting.

Personally I't say AJ and the Board managed to do a perfectly good job of destroying the brand all by themselves without the need for any outside help.

Qantas won't be making any profit from me, they are the last airline I'd fly, due to their atrocious service, snarly attendants, hitler attitude checkin chicks, constant delays, and stranding me on the other side of the world.

The arrogance and rat cunning of these people are best shown by the complete lack of acknowledgement of anything they did was wrong or contributed to the absolutely disastrous results that anyone but them would have hung their heads in shame. Forget the asset right downs what about the underlying results.


Puts a whole new meaning on confronting doesn't it.

Thoughtful Opinion piece by Sandilands today on the - Plane Talking - blog. Worth a read if you get the chance.

Lets face it, Joyce is not going to go, why would he? in the last 6 years he has taken $22.2m out of QANTAS. Will the board sack him? well,no, the reason being that they would then have to admit that they were wrong not to get rid of him years ago. So I think you will see all the current players there while there is still money to be bled out of the organization into there pockets.
Oh and the investors, well why should they care? the majority of them are institutional investors who are playing with "your" money, not their own.

Time to thank the taxpayers.......
 

Would it be fair to say the government and taxpayers of Australia are already subsidising this privatisation?
How much company tax has been avoided by this latest round of creative accounting?
Mr Hockey, hundreds of millions of dollars that could have gone to infrastructure, roads, or anything else we so desperately need. No enquiry, no forensic peek-a-boo at the books, and the infrastructure minister Mr Truss is out there singing praise of the driver of this $2.8B simulated train wreck.
Is the government in on this? You tell me.......

Of course not. He will leave after the arline returns to profitability otherwise his reputation will be tarnished.

This is all part of an orchestrated plan. Make the airline look like a financial disaster by filling the books with expenditures, slash-rstructure and try get some government relief, then reposition the books back to profitability. The grand plan is past halfway to completion (minus the hoped government wishlists).

But at the end of the day what has been achieved through all of this? An airline temporarily shutdown, loss of some loyal customers, an Aussie brand tarnished, valued and experienced staff & procedures lost forever, millions of dollars wasted, loss of routes, and a share price the fracton of what it used to be (just to name a few things).

And what of the future of the fleet? AJ said that once QFI returned a profit on the capital (which has been massively written down in value therefore depreciation is much less an issue for the bottom line) he would invest in new aircraft. He is predicting QFI will return to profitibility by end-H1 FY2015, ie December. Here was his chance for renewal: replace some of the aircraft he's consigned to the Boneyard with a few of the 787-9 options expiring Nov 2014 - Feb 2015: they would roll off the production line from 2016 allowing accelerated retirement of the now much-devalued B744s. Instead, in the cacophony surrounding one of corporate Australia's largest ever losses, many have missed the real news that the options have been pushed back even further to 2017. Another year of excessive fuel burn, network disruption costs and maintenance costs on obsolete, unreliable and thirsty B744s.

Because the Board have probably already been quietly canvassing potential future CEOs, and they probably know that no sane self-respecting potential CEO is willing to take a hospital pass to fix the mess that AJ and friends have created. I know if I was approached my response would be "If the airline is still alive and turning a profit in 12 - 24 months, call me. Till then AJ can eat his own **** sandwich."

A $2.8B loss, and frankly I think they're patting themselves on the back that it wasn't larger. Remember the many predictions of a $750M-$1B underlying loss? Now $2.8B is pretty close to $3B, and that book loss would have been even closer to $3B had the underlying loss been closer to the predictions... Now recall AJ sticking his hand out to the Gummint for $3B a few months ago. Coincidence?

Yes and where do those predictions of sub $1bn loss come from....no chance it was the managing of analyst expectations by the Rat and their angels do you think with some well placed strategic leaks or some quiet briefings to a select few as revealed in the Senate Committee hearings???


This write down of the fleet is an interesting accounting exercise that is designed for one major purpose, hit the current shareholders and set up a windfall for anyone coming in down the track if there is anything left by the time this lot finish with the carcass.


Shameful more than confronting except to our intelligence.

Reliability?
 

Quote "Another year of excessive fuel burn, network disruption costs and maintenance costs on obsolete, unreliable and thirsty B744s."

The most labour intensive unreliable fuel burning aircraft are the A380 lemons...The B744 are constantly having to pickup due to some A380 breaking down....
The wrong aircraft, fly too slow, over weight and use way too much fuel....thats why smart airlines like Cathay, Air Newzealand and many other could see the A380 just isnt the right aircraft....too big, too heavy and too inefficent...constant manpower black hole...QF should get rid of them...

Malaysians turn
 

Now Malaysian to slash 6000 jobs.

Malaysia Airlines to slash 6,000 jobs and cut routes as part of major revamp

Even Joyce will admit from time to time that we've got the wrong long haul fleet and that hindsight would show the A380 call to be the wrong one. That said, the decision was made in 2000 under very different circumstances. Qantas though supposedly lauds its ability to respond quickly to changes. Doesn't appear so in this case. :sad:

Goddamnslacker, absolute bull****. You are talking out of your arse.

Although a massive loss I would say things are looking up for Qantas. Definite change in tone coming from head office which would suggest all the 'crap' has been lumped into this loss and we will see a remarkable return to profit next year. The capacity war seems to be over with both Virgin and Qantas stowing the handbags for later. For all of Joyce's faults it seems now that Qantas is going to get some sort of legislative change that will enable some more foriegn cash through the door. We even have Qantas confidently stating they are looking forward to exercising options on the 787-9.

“Those 50 options and purchase rights still exist,” says chief financial officer Gareth Evans. “We’ve pushed back the first couple of those from 2016 into 2017 and we’re very much looking forward to exercising those options and bringing those aircraft into the Qantas fleet.”

“We’ve got to get through the transformation of the business first and drive the international business into profitability, and we’re well on track to do that. Then we will be making the future investment decisions and what we’ve got is a lot of flexibility and some great opportunities to bring some new generation very efficient aircraft into the Qantas fleet,” he adds.

So, in 18 months the business will be profitable with the new aircraft about to arrive and Qantas may even be in an expansion mode. Joyce will leave which will make many happy, what won't make people happy though is that he will be leaving with.a massive bonus for overseeing such a remarkable business transformation, but hey we can't have everything.

Goddamnslacker,

Re 380s what a load of crap, must be such a bad aircraft, thats why Emirates, Singapore etc bought them!!
In a recent passenger survey, 75% of passengers rated the 380 as their favourite Aircraft to fly on!
And it is passengers that pay everyones wages!
I dont think it is any coincidence that Qantas are doing well across the Pacific, and growing capacity on these routes, as they are the only airline flying the 380 to from USA!

380 maybe a bit to big at present, but its only 5 years into its program,and with world passenger traffic predicted to double every 15 years, it will prove to be the only way to grow capacity into slot restricted airports.

It is however dissapointing that Qantas, have delayed acquiring the much needed 787/9s!

Company Spy & Boe787, what Goddamslacker said has some credibility. The A380 was bought by Qantas to efficiently operate 14 hour sectors - since it has been in service, it's been found to be most efficient over 9-11 hour sectors and on sectors above 12 hours, its fuel burn is excessive and thus it is not cost effective. No one disputes that the aircraft is popular with passengers but airlines have to make a profit out of it and on the sectors that QF operates it, it's not as good an option as the B777-300ER. No one with operational experience can understand why Joyce is putting it on the DFW route, it seems to be another way to burn excessive amounts of fuel.

SQ recently ordered 5 more A380's but these are not additional aircraft. They are planned to replace the first five aircraft that they took delivery of, as they are significantly heavier than subsequent aircraft that came off a mature production line. It looks like SQ will not be expanding their A380 fleet any time in the future.

In that statement, Evans appears to be taking a measure of poetic licence as the B787 order book stands at 50 Purchase Rights (zero options).

Make these clips go viral on social media.






More to come...

Company spy,


Can you confirm or deny the rumour that the 380 Dugong service DFW-SYD will depart everyday with 100 empty seats to enable it to make SYD? I fail to see the economics in it if said rumour is indeed true.


McHale.:)

So it will only carry 400 passengers then?

The theory the board tried to spin was that the B777 was to small for their operation. In that they were operating into capacity limited airports where they couldn't increase frequency. So their thinking was that they go in there with the biggest machine possible.

Problem was the economics of the A380 didn't really work out and that the 777 was a better both way bet.

At the end of the month, when the A380 takes over the service, it will be scheduled to operate DFW-SYD direct; a scheduled time of 16:55.

As mentioned some months ago, the aircraft can carry roughly 280 tonnes of payload and fuel. The reasonable estimate is that 240-odd tonnes of fuel will be required so about 40 tonnes will be left to uplift punters....400 pax is a reasonable estimate.

By the way Gds; the A380 cruises at the same Mach no. (.84-.85) as the 747 for the equivalent Cost index and in the Qantas case, 400 pax will leave 88 seats empty (not 150 -200....see following post)

A380
 

I rest my case the A380 is a lemon and yes it isnt 100 empty seats 150-200 empty seats...very cost effective compared to a full 777-300ER..
The A380 is destine to the scrap yard, zero resale value!

You won't get a "full" 777er on a 16hr sector. This is why EK are replacing 777s with 380s on ultra long haul flights. Full seats and some cargo on the 16hr trip to/from lax where the 777 is seat limited.
Just sayin.

The don

Don, I have flown plenty of LAX and SFO trips on the 777 when we are full, as in every seat taken. I can't see that as being seat limited, but perhaps I miss understand you.

Complete results presentation Aug 28 2014

SOPS,
Just repeating Tcas's answer to why SFO, IAH and DFW are all going maxi bus when it burns more fuel etc when asked by 777 driver at wash up.

The don

Ahh that voice of complete honesty, Tcas :E

FWIW Don, we launched out of home base at MTOW the other week 44C T/O bump, APU-packs (atomic batteries to power :E) and we were full of punters, 14 tonnes of freight, and 130T of gas, chocked on at IAH 16hrs and 22 minutes later with 7.2 tonnes in the tanks. Not a bad effort for the John Deere. I personally don't see the 380 being a game changer in terms of revenue on those longer sectors, that being said, in EK's case it has just as much to do with "prestige" and……one-upmanship as it does in revenue creation. Anything that breaks even or a bit better will have a 380 on it before long as it is the flagship.
In QF's case they should bury the lot of them and get 350-1000's or 777-9's IMHO.

Qantas should let Virgin report their results before them next year.

On Friday, in Melbourne's Herald Sun, Qantas got the front page, the first six pages full, half the editorial/opinion, half the business. Basically half the newspaper!

On Saturday I see Virgin got 10 lines a few pages in! And half those ten lines were reminding us of Qantas' result!!!

haughtney1 wrote
But the 380 will carry 488pax for 16hrs and the 777 will cary 354pax for 16hrs in present EK config. I don't think its about "one-upmanship". Its just that one airplane carries more people than the other and EK can fill them up.

In the case of QF doing 16hrs in their 380 I don't think they have the higher gross weight version and must admit, depending on their config, it's tight and seats might be blocked. IMHO QF should use 777 but EK can get away with using 380s.

Sorry for the thread drift fellas.

Haughtney,

No you didn't. They are only lifting under 40t on the way to IAH at the moment. I will PM you instructions on how to read a load sheet :)

It doesn't matter what fleet QF had with the present management. You can't shrink to profit. Fingers crossed it has turned a corner and the future is brighter.

The don

I can't help but be reminded of Einstein's definition of Insanity:

"...doing the same thing over and over again and expecting different results.."

More commentary by Evan Lucas

Commentary by Greg Bamber starting at 1:50 on industrial relations for the service sector is vastly different from mining.