Qantas shares now junk status
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Qantas shares now junk status
Sad to see that. Qantas airlines shares have been downgrade to junk status
Qantas downgraded to junk status
Qantas downgraded to junk status
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Hmmm...
Maybe Qantas are downgraded to Junk, and they lay off 1000-odd or so employees...
But the most important thing is that the shareholders get a return on their money, the Execs get their bonus, and the Board (bored?) get their due recognition of a job well done...
...particularly with Christmas coming up and stuff...
Just sayin'
But the most important thing is that the shareholders get a return on their money, the Execs get their bonus, and the Board (bored?) get their due recognition of a job well done...
...particularly with Christmas coming up and stuff...
Just sayin'
short flights long nights
Except the shareholders have had no return for years.
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A company that is downgraded to junk status immediately defines a company that is suffering from exceptionally poor management and has an incompetent CEO.
I never cease to be amazed by out-of-touch CEO's who have no conception of the value of the goodwill of loyal staff and customers.
In this case, we have an airline of long renown, with a asset-building record over 93 years, making it an airline of world standing, being slowly destroyed by a managerally incompetent CEO and board.
The long litany of poor decisions in this company range from serious errors in aircraft purchase choices, day-to-day financial and managerial incompetence, through to a worldwide grounding that cost the company an untold amount in loss of employee and pax goodwill.
Then the CEO has the hide to get his face in the media claiming that a figure of around 40% of pax stating that they still have a degree of loyalty to the airline, is a win-win situation. No indication of course, what the % was BEFORE the managerial fiascos. The figure was probably 90%.
This current CEO and board are masters of spin, blame-shifting, and calling on every excuse in the book, apart from "the dog ate my homework".
What ever happened to "the buck stops here"? This CEO and board couldn't run a sweets shop alongside a girls school at a profit. They must be in training to be politicians.
A company doesn't "suddenly find a deterioration in operating conditions" in the space of less than quarter. The conditions for major losses have been building ever since an unwarranted worldwide grounding of the airline was carried out - and this act represented the pinnacle of the mismanagement.
Unfortunately, all I can see with the current CEO and board is a constant and accelerating dive of the company into a smoking hole on a par with Ansett.
There will now be asset sales, sharply-increased financing costs, employees work conditions reductions, possible requested employees salary reductions - and a host of other "cost-saving measures" - all resulting in poorer working conditions for employees, and a considerably less-enjoyable pax flight experience.
The lack of understanding of this CEO that happy, loyal employees, operating under good workplace conditions and rates, with top-class equipment, on a stable employment basis - means that employees will go one better than the "opposition" airlines to provide a more enjoyable flight experience for pax - meaning an increase in pax numbers.
Despite what this CEO says, the ball is firmly in his court, there is virtually no chance of any Govt assistance - and if he has any managerial ability at all, he would be able to turn this once-great airline into a model for other airlines - rather than frittering away 93 yrs of experience, large asset base, and originally excellent goodwill from both employees and pax. Unfortunately, I cannot see that happening.
I never cease to be amazed by out-of-touch CEO's who have no conception of the value of the goodwill of loyal staff and customers.
In this case, we have an airline of long renown, with a asset-building record over 93 years, making it an airline of world standing, being slowly destroyed by a managerally incompetent CEO and board.
The long litany of poor decisions in this company range from serious errors in aircraft purchase choices, day-to-day financial and managerial incompetence, through to a worldwide grounding that cost the company an untold amount in loss of employee and pax goodwill.
Then the CEO has the hide to get his face in the media claiming that a figure of around 40% of pax stating that they still have a degree of loyalty to the airline, is a win-win situation. No indication of course, what the % was BEFORE the managerial fiascos. The figure was probably 90%.
This current CEO and board are masters of spin, blame-shifting, and calling on every excuse in the book, apart from "the dog ate my homework".
What ever happened to "the buck stops here"? This CEO and board couldn't run a sweets shop alongside a girls school at a profit. They must be in training to be politicians.
A company doesn't "suddenly find a deterioration in operating conditions" in the space of less than quarter. The conditions for major losses have been building ever since an unwarranted worldwide grounding of the airline was carried out - and this act represented the pinnacle of the mismanagement.
Unfortunately, all I can see with the current CEO and board is a constant and accelerating dive of the company into a smoking hole on a par with Ansett.
There will now be asset sales, sharply-increased financing costs, employees work conditions reductions, possible requested employees salary reductions - and a host of other "cost-saving measures" - all resulting in poorer working conditions for employees, and a considerably less-enjoyable pax flight experience.
The lack of understanding of this CEO that happy, loyal employees, operating under good workplace conditions and rates, with top-class equipment, on a stable employment basis - means that employees will go one better than the "opposition" airlines to provide a more enjoyable flight experience for pax - meaning an increase in pax numbers.
Despite what this CEO says, the ball is firmly in his court, there is virtually no chance of any Govt assistance - and if he has any managerial ability at all, he would be able to turn this once-great airline into a model for other airlines - rather than frittering away 93 yrs of experience, large asset base, and originally excellent goodwill from both employees and pax. Unfortunately, I cannot see that happening.
