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.