Tony the Optimist
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From: www
Tony the Optimist
Tony, tony, tony....who writes this drivel for you...? Let me get this straight: as oil goes up in price, you declare every Friday that the world is coming to the end, fire and brimstone...etc, etc. Now, after a 30%+ fall in oil, you seem to conveniently fail to highlight the obvious...which is that the quickly improving fuel price will result in MUCH better financial results in the coming quarters. Tony....I realise that you Swire princes are considered to be very 'special' people...but please don't make the common mistake of all elites...that of underestimating the intelligence and common sense of your employees. Don't insult our intelligence. Can hardly wait for next Friday's missive... Wishing you and your script writer all the best... 
ps. let me guess, you and your cronies managed to put on hedges at EXACTLY the wrong time....didn't you?? (will be interesting to see how they manage to spin this monumental cock-up)
ps. let me guess, you and your cronies managed to put on hedges at EXACTLY the wrong time....didn't you?? (will be interesting to see how they manage to spin this monumental cock-up)
Joined: Mar 2008
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From: cloud 9
Perhaps "Tony" has his eye on the current financial turmoil world-wide. If money gets any tighter (which it will), who will fill CX's seats and cargo spaces? No country is immune to the "credit-crunch", certainly not Asia which relies on it's export markets for wealth.
Joined: Nov 2007
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From: Brexitland
Not so sure it's drivel ATY.
I know they are EXPERTS (aggh!!) but some people (ie Greenspan) are calling this the worst financial disaster since the 1929 Wall Street Crash. IMHO - that ain't drivel (wish it was!).
Also - some other opinions reckon that oil will REALLY go up soon (to $200+) Then I expect you'll think those Princes are quite smart after all. Truth to say is that NOBODY knows how deep this thing is or what further revelations will come to light. All I know is that this whole catastrophe has been caused by the Banks and their ludicrously irresponsible decisions to lend people money by the Billion knowing that if there was any downturn at all (with corresponding hike in interest rates) it would be impossible for those same people to keep up their payments. QED
It wasn't that long ago that the Lehman crowd in NY and London made themselves famous by sharing millions of $ between Senior Managers as end of year bonuses. What for? For setting this whole fiasco in motion.
TT is no angel but he's not in the same league as the fraudsters and villains that caused this..............(Dismounts soap box and shuffles off).
I know they are EXPERTS (aggh!!) but some people (ie Greenspan) are calling this the worst financial disaster since the 1929 Wall Street Crash. IMHO - that ain't drivel (wish it was!).
Also - some other opinions reckon that oil will REALLY go up soon (to $200+) Then I expect you'll think those Princes are quite smart after all. Truth to say is that NOBODY knows how deep this thing is or what further revelations will come to light. All I know is that this whole catastrophe has been caused by the Banks and their ludicrously irresponsible decisions to lend people money by the Billion knowing that if there was any downturn at all (with corresponding hike in interest rates) it would be impossible for those same people to keep up their payments. QED
It wasn't that long ago that the Lehman crowd in NY and London made themselves famous by sharing millions of $ between Senior Managers as end of year bonuses. What for? For setting this whole fiasco in motion.
TT is no angel but he's not in the same league as the fraudsters and villains that caused this..............(Dismounts soap box and shuffles off).
Last edited by Arfur Dent; 15th September 2008 at 15:51.
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From: www
ok...I will try and 'explain' my very complicated original post: I was only trying to say that Tony is very quick to comment when oil is rising in price, even if it was only a $ or two every week. However, when it has fallen over 30% in a few weeks, he is strangely silent. I agree there are 'other' issues that are of concern, but it still doesn't obviate the duplicitness of his failure to fairly comment that oil is now becoming less of a cost worry... there, are we all on the same page now..? 
Joined: Feb 2008
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From: 35,000 feet
latest price
VIENNA, Austria - Oil prices plummeted Tuesday, falling briefly below $92 a barrel and reflecting market fears that the U.S. credit crisis which brought down brokerage giant Lehman Brothers will drag on global economic growth and restrain demand for crude. ap
But if you are hedged at 100 per barrel you are really in the wrong position.
But if you are hedged at 100 per barrel you are really in the wrong position.
Joined: Feb 2004
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From: Africa
Oil can be at $92 a barrel (or whatever you happen to be hedged at), but the massive reduction in passengers - particularly front-end - that the current global financial crisis will inevitably bring will still cause mayhem to the balance sheet of any airline. Let's revisit this post in 60 days. My guess is that whether you are CX/QF/SQ or whoever, there will be more pretty horrible "profit" warnings all around.
Joined: Feb 2005
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From: Asia
Friend of mine was given a start date as S/O in October. He called in to see if he should go and suck up to his boss and cancell his resignation. He was told by recruitment it is business as usual in recruitment, cockpit as well as cabin crew.
Joined: May 2002
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From: GC Paradise
During SARS, we had a Director write to the pilots and say that they might have to ground its fleet of planes. This was reported in the press...
"A leaked internal memo from Cathay Pacific's director of flight operations, Nick Rhodes, said passenger numbers "could fall to less than 6,000 per day in May, in which case we will have to consider grounding the entire passenger fleet."
"There are absolutely no plans for Cathay Pacific to ground the passenger fleet," Tony Tyler, director of corporate development, told CNN.
"All the memo intended to do was to communicate ... that times are difficult at the moment," he said.
Cathay Pacific spokeswoman Rosita Ng told CNN the comments and forecasts were Rhodes' interpretations of a briefing conducted by chief executive David Turnbull.
And yes, the faux pas Director still is said to be in charge of the "Flying Circus".
So if you think the weekly report has anything to do with reality, you should consider not only who it has been written by, but more importantly, who it is written for.
What we now call "Expectation Management" used to be called in a more enlightened time, "Propaganda" or bull!!!! for the unwashed masses!
Do your job. If you get shat on from above, bite their arses while they are at it. You still end up covered in !!!!, but they sure as hell will be a lot more circumspect next time around I can guarantee you.
"A leaked internal memo from Cathay Pacific's director of flight operations, Nick Rhodes, said passenger numbers "could fall to less than 6,000 per day in May, in which case we will have to consider grounding the entire passenger fleet."
"There are absolutely no plans for Cathay Pacific to ground the passenger fleet," Tony Tyler, director of corporate development, told CNN.
"All the memo intended to do was to communicate ... that times are difficult at the moment," he said.
Cathay Pacific spokeswoman Rosita Ng told CNN the comments and forecasts were Rhodes' interpretations of a briefing conducted by chief executive David Turnbull.
And yes, the faux pas Director still is said to be in charge of the "Flying Circus".
So if you think the weekly report has anything to do with reality, you should consider not only who it has been written by, but more importantly, who it is written for.
What we now call "Expectation Management" used to be called in a more enlightened time, "Propaganda" or bull!!!! for the unwashed masses!
Do your job. If you get shat on from above, bite their arses while they are at it. You still end up covered in !!!!, but they sure as hell will be a lot more circumspect next time around I can guarantee you.
Joined: Jul 1999
Posts: 401
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From: hongkong
costs
read ANY management book on airlines and it will tell you with no doubt that the easiest and most effective cost control measure is that of labour..in other words the greatest savings and easiest to achieve is to screw the staff.
Joined: Feb 2004
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From: Africa
Blunderbus.
The 2 largest costs for an airline are fuel and staff. What is the Blunderbus School of Management solution to balancing the books when long-term, good yield revenue starts disappearing?
As one recently departed director used to remind, "The formula is simple. P=R-C. Profit is Revenue minus Costs".
The 2 largest costs for an airline are fuel and staff. What is the Blunderbus School of Management solution to balancing the books when long-term, good yield revenue starts disappearing?
As one recently departed director used to remind, "The formula is simple. P=R-C. Profit is Revenue minus Costs".
Joined: Apr 2007
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From: HK- A little bit of industrial China in every breath you take.
Blunderbus, just interested what all these books you have on airline management say about who should be held acoountable once the airline is found guilty of knowingly being involved and actively pursuing illegal price fixing activities? 
