PPRuNe Forums - QF Group possible Redundancy Numbers/Packages

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blubak

8th Jun 2020 22:24

Quote:

Originally Posted by Wingspar (Post 10805373)

I love it!
Qantas never cease to surprise me.
Even being stood down with no pay, sick leave etc they’re still looking for efficiencies!
Classic!

Time for effeciencies to start right at the top.
Take a look at the weekly town halls or whatever yuppie name they decide to call them,add up the yearly income of the 10 or 12 that sit around that table thanking each other for answering questions & continually insisting they are doing such a good job.
Not once have they mentioned that the company doesnt need to make record profits after flying starts again,there are many businesses out there just happy to be open again & probably breaking even but as far as these hi flyers are concerned that is not near good enough.

krismiler

8th Jun 2020 23:29

Singapore Airlines are increasing the number of destinations they operate to and will cover most Australian capital cities in the near future,as well as a skeleton international network. Changi airport is now allowing transits, so anyone stuck overseas can get home. The flights aren't profitable and are operated to maintain essential links between Singapore and the rest of the world, with cargo and mail being the main focus.

Wingspar

9th Jun 2020 01:38

Quote:

Originally Posted by blubak (Post 10806163)

You’d think just clearing the leave off the books would be considered acceptable?
Always wanting, wanting, wanting....!

Half Baked

9th Jun 2020 04:06

Hey............all you QF guys that hate you're management team so much; why not ask your VA and TT colleagues how it's working out for them! I'd wager that every one of them would love to trade places with you guys. Just a hunch but I reckon I may be right!

Nobody here has any justifiable reason to flame QF management when you take a step back, take a holistic look at their financial position and consider that they can still survive in this environment as has been stated, deep into the second half of FY2021. You all should be very grateful of the strong financial position the Company is in. It's not by good luck, it's by very clever and sound business management.

Youre very fortunate that Il Deuce wasn't afforded the top gong, for there by the grace of god go you!

As bitter pill as this may be for some of you to swallow, QF has one of the sharpest management teams in global aviation. It's hard to argue with facts.

Ragnor

9th Jun 2020 04:43

Hey I’m very happy with the QF group management and even AJ, I think they’re doing a great job. I’m not worried about redundancy long term stand down.

but you’re very correct half baked ppl get upset over the little things with management.

crosscutter

9th Jun 2020 04:56

Meanwhile in HK, the govt has essentially bought Cathay. $30B recapitalisation (loan and shareholding ). Certainly doesn’t happen in this part of the world...oh unless you’re Rex.

ozbiggles

9th Jun 2020 05:10

I think if it came down to the wire the Feds would bail out Qantas but VA would have to be extinct and the rat up against the wall with no options. Qantas still have a few rounds in the chamber and with jobkeeper and the vast majority of government funding under the government scheme for flying compared to VA they have time, As has been mentioned before once the VA outcome is known so to will be the size of the cuts required. I don’t think you can go past AirNZ for a good litmus test of the future.

Wingspar

9th Jun 2020 05:51

Quote:

Originally Posted by Half Baked (Post 10806267)

Hey............all you QF guys that hate you're management team so much; why not ask your VA and TT colleagues how it's working out for them! I'd wager that every one of them would love to trade places with you guys. Just a hunch but I reckon I may be right!

Nobody here has any justifiable reason to flame QF management when you take a step back, take a holistic look at their financial position and consider that they can still survive in this environment as has been stated, deep into the second half of FY2021. You all should be very grateful of the strong financial position the Company is in. It's not by good luck, it's by very clever and sound business management.

Youre very fortunately that Il Deuce wasn't afforded the top gong, for there by the grace of god go you!

As bitter pill as this may be for some of you to swallow, QF has one of the sharpest management teams in global aviation. It's hard to argue with facts.

Half baked, it didn’t need this crisis for both the pilots and management to dislike each other.
Its been going on since Pontius was a pilate!
Nevertheless I agree with you and my glass is now half full.

Going Boeing

9th Jun 2020 06:40

I'm sorry Half Baked and others, Joyce is not the Messiah.

He's still a narcissistic bully and the ONLY reason that Qantas is in a strong financial position is that he has been contracting the airline to maximise share value, of which he has a massive number. Qantas has far fewer aircraft and flys a lot less routes than when he took over. It's only through his greed that has got the airline into a strong financial position to weather this crisis, lucky timing now happens to make him look good.

slats11

9th Jun 2020 06:59

This is one of the strangest virus outbreaks. It is very strange clinically. It is also very strange epidemiologically. There has been a lot to learn, and much remains unknown.

However, it increasingly appears we don't need 60-70% of the population to be infected / immune to develop herd immunity and for the pandemic to burn out. All over the world, we are not seeing a significant 2nd wave as social restrictions are relaxed. Several European countries (e.g. Austria) have now relaxed long enough and have sufficient public health capability that they should be seeing a 2nd wave if it was there.

After several weeks of relaxing and colder weather, cases in Australia have not increased. Despite a lot of testing.

This figure of 60-70% was a core assumption from early days. This figure underpinned much modelling which has influenced government policy.

No country has close to 60% (NY city may have 25%, maybe).

We don't know why we are seeing this striking disconnect between theory and reality. More recent and more sensitive antibody tests suggest it may relate to prior coronavirus infection (there is a whole family of coronaviruses , and they are a relatively common cause of the common cold). So while we have not been exposed to this coronavirus before, many of us have been exposed to other coronaviruses which may be "close enough" to confer immunity.

https://www.theguardian.com/world/20...ation-immunity

So...., we may be significantly closer to the end than we think.

The challenge may be matching supply to the new demand. I suspect there will be much less passenger traffic to/from China.

Green.Dot

9th Jun 2020 08:04

Quote:

Originally Posted by Going Boeing (Post 10806331)

I certainly was critical of QF for not buying a lot more newer generation aircraft in the past, and still would be if it wasn’t for COVID. Amazingly though it is this inaction that has put them in a better position. The timing of the 747 planned retirement couldn’t have been much better and just imagine the additional pain the company would be in if a large fleet of 350s were locked in pre COVID!

ACMS	9th Jun 2020 08:17

Quote:

Originally Posted by Green.Dot (Post 10806384)

yeah it would be terrible having the Worlds most efficient fleet wouldn’t it.....almost make them as unlucky as CX....:rolleyes:

DirectAnywhere

9th Jun 2020 09:13

Quote:

Originally Posted by ACMS (Post 10806392)

yeah it would be terrible having the Worlds most efficient fleet wouldn’t it.....almost make them as unlucky as CX....:rolleyes:

All aeroplanes are equally efficient if they’re parked.

As an airline I’d much rather have a bunch of old, wholly owned aeroplanes right now than a highly leveraged or leased fuel efficient fleet burning no fuel but lots of cash.

dontgive2FACs

9th Jun 2020 09:47