Not sure I'd be predicting the victory of a company with $42m cash in the bank vs one with $3.3b either. If you want full accounts they are available from the ASX. Plenty of share market programs will give you access |
Originally Posted by onezeroonethree
(Post 11286370)
Good one. Let’s take away the last carrier in the country with legacy conditions. Let Rex and Alliance pay become the new norm to aim for.
Rather drive a bus for that money. When propped by a government If merged into super airlines Are owned by the workers They are failing around the planet Points in case Ethiopian massive government support ME3 see above SQ see above China see above Or Asian gobbled up by Korean Or the super groups of Europe IAG and AF/KLM Or the US super mergers, never by choice, only out of desperation But QF/JQ don't fall into any of the above Better compared to mmmm South African or Alitalia or Sabina or Swiss or Mexicana or Malev or soon to be Cathey Shouldn't keep propping up these national dinosaurs and plenty have failed already QF/JQ is a dinosaur attempting to morph into something that can survive, but just can't seem to find the right path They are trying to reduce costs by outsourcing everything They are trying to get cashflow by selling tickets in advance, cancelling services, then offering play money vouchers They are trying to hold market share by trying to bully other carriers into submission They are trying to increase load factors by cutting services by 10% They are trying to increase revenue by hiking fares by 20% They are placing headline grabbing orders for hundreds of new birds then having tens only delivered (initial order for 787s was like 60 odd firm + options to 120 and less than 25 delivered and A320s what is it now nearly 200?) They receive handouts and concessions from the taxpayers into the billions and still post consecutive billion dollar losses They launch new routes to India, Korea, JFK, Rome and Project Sunrise, yet can't even run on time or service the routes the already have Can you not smell the desperation regarding all of these decisions There is no clear path from the Irishman, it's clearly all a desperate attempt to stave off bankruptcy And being a private company, they should expect the same treatment VA got when the axe swung on them along with AN So sure take it while it's there, but be prepared to move to the Middle East or Asia if you seek similar conditions when QF/JQ either folds or outsources its flying |
OK fess up, which Qantas group pilot slept with this guys wife?
|
OOps forgot to mention
Look over there, yep don't look at our losses or OTP, forget about our call centre issues they have all been fixed NOT Quick look or you may miss it Hey we are flying to JFK again Project Sunrise is coming New A320s and A321s have been ordered A220s as well But hey look over there, now we want tenders to replace our A330s cos they are getting on a bit Yea I know we own plenty of them, but we can sell em for cash and lease new ones, that'll get more cash in the bank Yea I know we got a ton of 321s and 787s on order and these will end up being the replacements anyways but hey seriously its better to look over there Na don't worry who's gunna fly em, Network, NJS, JQ or foreign workers, it's still Qantas right.... |
Aw crap am I gunna get banned by mods?
Or does PoppaJo or MickyG have my address and gunna pay me a visit Sundys fa drinkin fellas :E |
Originally Posted by das Uber Soldat
(Post 11286389)
OK fess up, which Qantas group pilot slept with this guys wife?
|
Can I play too?
They are trying to get cashflow by selling tickets in advance, cancelling services, then offering play money vouchers They are trying to increase load factors by cutting services by 10% They are trying to increase revenue by hiking fares by 20% They launch new routes to India, Korea, JFK, Rome and Project Sunrise, yet can't even run on time or service the routes the already have So sure take it while it's there, but be prepared to move to the Middle East or Asia if you seek similar conditions when QF/JQ either folds or outsources its flying Can you not smell the desperation regarding all of these decisions So essentially, what your saying is you want Qantas and Jetstar to fold because it’s good for the industry? (or as above some FO is seeing your misses?) |
Originally Posted by Deano969
(Post 11286390)
Na don't worry who's gunna fly em, Network, NJS, JQ or foreign workers, it's still Qantas right....
The rest of your comment is quite accurate: Hey we are flying to JFK again Project Sunrise is coming New A320s and A321s have been ordered A220s as well But hey look over there, now we want tenders to replace our A330s cos they are getting on a bit Yea I know we own plenty of them, but we can sell em for cash and lease new ones, that'll get more cash in the bank Yea I know we got a ton of 321s and 787s on order and these will end up being the replacements anyways but hey seriously its better to look over there On the other hand Rex, with it's supposed "much superior" financial position, had 10% of it's pilots resign in a week last month, and I'm going to guess a lot of them to come to mainline. They don't share your rosy assessment of Rex and bleak assessment of QF. It would be unheard of for 10% of mainline pilots (220 odd) to resign in one week to go to other pastures. |
Originally Posted by neville_nobody
(Post 11286379)
Depends if the $3.3B is unencumbered. That we will never know.
|
They are trying to get cashflow by selling tickets in advance, And being a private company, they should expect the same treatment VA got when the axe swung on them along with AN |
Originally Posted by Deano969
(Post 11286349)
And not just kneel over, I would like this bullying dinosaur monopoly to go the same way as AN
|
Originally Posted by Icarus2001
(Post 11286552)
Qantas is a public company, not a private one, do try to keep up.
So if QF found itself in the position that AN did in 2001 and VA in 2020 (although there’s no hint of that happening currently) the position of the airline as enshrined in legislation would see it treated differently to the other carriers. |
The roo will be swimming in dollars this time next year, and pay no tax due to the great stewardship of handouts by AJ. The only advice I have for long term shareholders an opportunity will present at that time to exit the stock at top of the market.
Do not let sentiment sway you, QF has cashed in all its goodwill with the public, in future it will not be too big to fail. I really feel for the employees who are in this toxic battered wife relationship with their boss. Heard Tony Boyd(AFR Chanticleer) on ABC the other day saying that AJ could be gone end of calendar year 2023. |
Heard Tony Boyd(AFR Chanticleer) on ABC the other day saying that AJ could be gone end of calendar year 2023. Here’s the interview with Tony Boyd: https://www.abc.net.au/radionational...ses-/101379090 He actually doesn’t say Joyce could be gone by end calendar year 2023, he says Joyce will probably stay til at least end calendar year 2023. From that interview I don’t think he knows too much about the aviation industry, for instance QF has always had higher fares than its competitors, this didn’t prevent them making billion dollar profits from 2016-2019. I’d also question his description of this current w as the most difficult crisis QF has ever faced, the GFC, the capacity war with VA and Covid were worse. |
Originally Posted by teiemka
(Post 11286569)
Heard Tony Boyd(AFR Chanticleer) on ABC the other day saying that AJ could be gone end of calendar year 2023.
|
Originally Posted by MickG0105
(Post 11286576)
Hardly prescient. Will be gone before the end of calendar year 2023 is almost a certainty. In 2020 the Board signed him up to oversee a three year strategy. They'll almost certainly be looking to announce his replacement around the end of FY23.
Perhaps the successor will work alongside him for the next few years until he departs in 25 after the inaugural Sunrise flight? |
Originally Posted by dr dre
(Post 11286579)
I personally think he’ll stay until 2025 after the first Sunrise flight. He could’ve bailed out in 18/19 after returning the airline to profitability but stayed because they had the Sunrise plan coming up. He doesn’t need more money but wants the legacy to have introduced the longest flight route in existence.
Perhaps the successor will work alongside him for the next few years until he departs in 25 after the inaugural Sunrise flight? |
Originally Posted by dr dre
(Post 11286573)
https://www.abc.net.au/radionational...ses-/101379090 He actually doesn’t say Joyce could be gone by end calendar year 2023, he says Joyce will probably stay til at least end calendar year 2023. From that interview I don’t think he knows too much about the aviation industry, for instance QF has always had higher fares than its competitors, this didn’t prevent them making billion dollar profits from 2016-2019. . Regarding the higher airfares, you charge what you can get away with. From the results presentation seems most media outlets focused on the fare increases to recoup higher fuel costs (10% Domestic, 20% INT). AJ was supremely confident that it would be absorbed by customers without affecting demand irrespective of the wider economic environment. I tend to agree with him in this regard for domestic flying,it’s not like the competitors get a cheaper fuel price, or have more fuel efficient aircraft as percentage of fleet. |
Originally Posted by MickG0105
(Post 11286584)
As the Zen Master was fond of saying, 'We'll see.'
Yes, we will, but is that person currently in the QF GMC? ......would it be possible for a successful internal candidate to change the current toxic relationship between management and employees? |
Originally Posted by teiemka
(Post 11286592)
1. Yes, we will, but is that person currently in the QF GMC?
2. .....would it be possible for a successful internal candidate to change the current toxic relationship between management and employees? 2. No. |
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