[/QUOTE]Hong Kong just revived 26 positive Covid results off a inbound Emirates flight from Doha.
[QUOTE]

https://www.chp.gov.hk/files/pdf/flights_trains_en.pdf

Can't deny entry if residents.

What are you basing that on?

Unfortunately? I think any pilot getting the chance to fly an A350 should be over the moon. It’s an infinitely better aircraft than an A380 which is the biggest white elephant in aviation. The A350 is better for the group, more fuel efficient, more flexible, gives the ability to open new routes which will give the company a competitive advantage. Having A350s in the group right now would probably mean a faster return to sustainable load factors and the normal resumption of international schedules.

It makes sense that if the A380’s are intended to be out for three years then slowly introduce A350’s instead.
Just have to get over the whole capital expenditure thing.
Mind you I heard AJ say yesterday that the capital raising was in part to help Qantas invest after the recovery??

Actually, the wording was with reference to the capital raising;

”to capitalise on opportunities aligned with its strategy.”

?????

ASX

How much for a A350 at the moment?

Yeah i heard that too but....

I’m starting to believe my own crap now but why do a raising when you spruce to the market you have the ability to run in hibernation until the end of
2021?
Ok, so 600 million for redundancy payments.
Whats the rest for?

Its cheaper,dont listen to all the spin about them being in better condition when & if they decide to fly them again,after sitting over there for well over 12 months,getting them serviceable will be a nightmare.

If the 380s are there that long it is not just maintenance that is a problem, you effectively have to start the fleet from scratch again. Train the trainers etc etc.

When A380's start becoming freighters then they are already in the country that has the world's biggest freight companies.

They spent $500m on refurbs for 6 of them. At least 6 will come back. My guess is the remaining money from the share raising will be used to buy 350s.

I guess a fair bit of the capital raising will go towards paying this little gem off. This was buried deep within the ASX announcement and was glossed over using weasel words however I read it as “fuel hedging losses are costing QF $11-12 million per week!”

“FUEL HEDGING
The Group’s fuel was fully hedged for the second half of FY20, and 90% hedged for the first half of FY21. With the significant decline in flying activity, the Group’s overall capacity flown has resulted in a substantial reduction in fuel consumption from April 2020 and the anticipated decline in consumption to June 2021 will lead to the non-cash recognition of hedge ineffectiveness of $550–$600 million in the FY20 statutory result.”

Easier (cheaper) for engineers in the US to store + reactivate aircraft, who wouldn't whinge about every small little detail and non compliance. Also if they decide not to activate it, noneed to fly Alice Springs > USA again just to scrap.

What does the recently completed share buy back (at $5.56) and now the SPP at 3.65 mean for the bottom line? It gives them access to more cash, but it would be a net loss wouldn’t it?

You have to raise the money to pay for the handout Joyce will get when this is all ‘over’.

Not sure the economics of operating/maintaining such a small fleet would be worth it.

love him, hate him, I don’t care. However I’m glad he’s the one in the big seat. It means the company will survive.

At the end of the day Qantas ain’t a government entity anymore. Many still behave as if it is.

Realistically, when the government sends in the army over a few cases of COVID - 19 in Victoria, international flying is unlikely to resume this year with the exception of NZ and possibly limited travel bubbles. Profitable international flying will take even longer to come back and the network planners will be starting from scratch with a clean sheet of paper rather than simply reinstating the previous routes. Due to the distances involved in international flying from Australia, widebody aircraft are normally required to reach most destinations in Asia and beyond, these will be difficult to fill at first. Running a hub through Darwin with the B737s into SE Asia could be considered until direct routes become viable again.

City pairs which previously supported direct flights may have to go through a hub instead, double daily may go daily, wide body may go narrow body. Certain routes may turn into cash cows if competing airlines withdraw. Matching capacity growth to pax growth needs to be done right else money is lost or profits are missed.

When to jump back in requires careful judgement due to the lead time required and the necessity to operate at a loss for as short a period as possible. SIA are flying a skeleton international network due to the need to maintain connectivity, but this needs Singapore government backing as pax numbers reaching three digits is cause for celebration.

QF A380 is one for the history book now, you won't see it flying people ever again. They are just letting the shareholders down lightly.

this in spades

I have professional respect for Joyce (I am a shareholder after all!). We have seen he will take the hard decisions for the company and that is the point. Like all business, Qantas is just that. You could be the pope himself working for any company but if the CEO needs to cut you he/she will. I question however whether anyone is worth 24 million a year who then goes onto say we need to make cuts to be viable.
Anyway we must all face forward and continue making progress...just remember the brace position.

But is it competance or luck that has resulted in Qantas faring better than others? Have there been any radical decisions taken that few other CEOs might have?

Im not trying to sound negative, but its a question fanboys should ask.

I think that fleets of 4 engine aircraft and tired 330s in this day and age is terrible, however it doesnt look so bad when a black swan event grounds any fleet you have anyway.

Only three are done, two are a WIP, and QF have sent refits to retirement not long after they were done in the past

How much has he devalued the company by today with a 9% drop in the share price.
I would rather have my money in the bank earning 1% as opposed to letting someone gamble with it & having no obligation to repay it when suddenly its not there any more.

Joyce is an incompetent business owner.

He has built a management ‘team’ on total lack of vision and complete focus on remuneration.

No vision, no instinct, no feel and no understanding of, nor for, the business.

He has risen to the top of a middling field by being a total yes man (I’m deliberately leaving the bending over jokes aside) and _always_ pleasing the boss.

That’s the beginning and end of it. In short, the antithesis of ANYONE I would employ and if I hadn’t seen such incompetence first hand I’d never have believed it.

The board and the bankers that back the tool have exactly the same non experience in anything business related so they think he’s great.

None of them would be able to competently manage so much as a cafe. If they had, Qantas would be the type of airline it was 30+ years ago where everyone gave their all as a matter of course.

I suppose an analogy is this.

Qantas is like a conservative 60+ year old couple living in the outer burbs who own everything, have various investments and pay for things in cash.

Other airlines are like a gen y share trader who own nothing, lease everything and has done pretty well
in the good times.

It’s good to own things when the times are bad. Qantas mostly owns it’s ageing fleet.

Yep - incompetent, over the hill and not in it for anything but the cash.

Contain my excitement and tell me how I sign up to work for a failing and unenthused dinosaur.....

Imagine owning a modernised fleet and what could have been achieved over the last 10 years.

Also Qantas is not a conservative 60 year old couple, what they lack in lease commitments they make up for in debt.

Right now the answer seems by sheer luck to be correct, but with the wrong working.

In my opinion AJ has not done anything that any other CEO would have done in handling the crises. It's the past performance I'm dubious about.

With multiple billion dollar profits leading up to this year, decent reserves of cash to stay afloat for 18 months and good financial discipline have put the company in one of the best positions for an airline worldwide in dealing with this. The way some posters here are talking they would rather the airline be loaded up to the eyeballs in debt paying off orders of dozens of 777s.

Being in this position didn’t come about by luck, it was due to smart financial management.

Smart finacial management, or inaction that resulted in a favorable position this time around?

We can all imagine our own 'what if's', but I dont have any major criticism of the handling of the current crises to date.
Whether the handling has been the stuff of genius, or simply a CEO doing his/her job is what tempers my praise.

Angry, hindsight is a wonderful attribute. :ugh:

I’m not sure how you expect him not to destroy some equity in the middle of a pandemic? Same reason unfortunately airlines are letting 20-50-100% of their staff go. I mean never waste a crisis but things can’t stay the same and survive in this environment.

You could have had Borghetti!

With QF now a very different airline going forward do we need 3 CEO’s?

Surely we should make at least 1 redundant. Andrew David has been MIA (couldn’t phone in to at least 1 webinar over the last 8 weeks wtf?)
And then we have Tino, CEO of a non existent International.

They nearly did.

In defense or JB he did have a vision.

Sure, ego and execution got in the way, but the basic vision was there. It looks like that might potentially be realised now for VA going fowards (one hopes).

Seems to me that the problem with Borghetti was that he tried to run Virgin like it was Qantas. Perhaps if he’d got to run Qantas like it was Qantas, the result would’ve been very different. We’ll never know.

Monday night Four corners I believe is on the demise of Virgin and I’m told Borghetti doesn’t come out of it very well

Totally with you Lapon. He ‘died’ doing what he set out to do. Better to have tried etc etc...