27th February Big Qantas announcement

[Danger]

QF is no more the national flag carrier than CBA is the national bank. It's a private business saddled with restrictive legislation. Parliament needs to remove the handcuffs, purchase it back, support it or watch it sink.....

I don't know the situation with the banks but it was my understanding Qantas was and is the only flag carrier.

 

[Isochronous]

They should be gone. If Joyce sacks 3000 or more, he should be the first to go. The workers who will be cut don't make the decisions. The CEO, board and the other management are the ones who have made the calls (a lot of them have been ordinary) so they should go. They are the first to take credit when something is a success but never put thier hand up and say that they made a mistake.

Stupid decisions including wasting money in Asia for no return, Jetstar and all its subsidaries (particularly HKG which won't get off the ground), the 65% market share strategy.........do I need to go on?

Joyce and the board should all go straight away - which won't happen. Some of the other managers need to go too - Hickey should go because this great golden egg called Emirates was meant to fix so many problems and yet it clearly hasn't. The only one I would keep is Strambi - he actually knows his stuff

Strambi is the key architect of the capacity war domestically! He should go too.

 

[Supersonic Swinger]

Also there is a lack of QFF engagement - there are credit cards here that will accrue to airlines such as Delta, BA and Eva air, who each only have 1-3 services a day (and don't have a subsidiary airline based here to earn/burn on) yet there are no CCs that allow QF earning. Surely it wouldn't cost that much to have a presence, and might even help with cross promotion on QF and 3K.

QFF is a profit centre more than a 'frequent flyer' engagement tool now. It's profits are supporting the airline, and the way the accounting for points at an airline works, having too many non-flying ways of earning through credit card spend in other currencies exposes those profits to currency fluctuations. These could work in your favour, or heavily against you.

Maybe BA, Delta and Eva still view their programs as more of an engagement tool.

 

[fresherbill]

Something that’s always bothered me about the revised Asian strategy is how Qantas has squandered opportunity after opportunity to leverage a strong partnership with Malaysia Airlines in Kuala Lumpur. Of course we all know they had a falling out post-RedQ (or whatever it was going to be called) and then the Emirates partnership, but here are two airlines that are drowning in red ink because of what? Sour grapes? The survival of 3K?

There is currently too much capacity into Singapore, a dead-end for business travellers to Asia. Surely even a single daily QF-operated flight into Kuala Lumpur instead would be able to leverage connectivity to and from the MH Asian network? Wasn’t that the whole point of MH joining oneworld with QF’s sponsorship?

The bilateral between Malaysia and Australia was expanded in July last year and a large chunk of extra capacity was immediately snapped up by AirAsia X, with MH poised to take up the rest. What a missed opportunity. Are QF and MH so stubbornly sour that they would be prepared to ignore a simple codeshare partnership that would mutually improve their feed? Qantas even had unlimited codeshares beyond Kuala Lumpur negotiated into the expanded bilateral – if they did that only for the sake of their EK connections, it’d be a stunning act of short-sighted management blundering.

Pigs might fly into KUL before the next scheduled QF-operated flight does, but a little part of me hopes that they announce the transfer of one SIN flight to KUL on the 27th. Likelihood 0, I know, but even if they did it might already be too late to save Qantas in Asia. It’s CX all over again.

[/end rant]

 

[Flying Fox]

Tony Abbott says QF needs to get its house in order

http://news.ninemsn.com.au/national/2014/02/22/14/37/pm-says-qantas-must-get-house-in-order

 

[maninblack]

Tony Abbott says QF needs to get its house in order

PM says Qantas must get house in order

Rousing words from a truly great leader With all of Tony's extensive business experience I am sure he could provide some important advice to QF but I suppose he has to remain impartial lest Virgin might cry foul :!:

 

[Jacques Vert]

Tony Abbott says QF needs to get its house in order

PM says Qantas must get house in order

They say a nod is as good as a wink. Reads to me that the big T is saying; go after the unions, no problems from us.

 

[Mr_Orange]

They say 'a nod is as good as a wink'

'... to a blind man' is the rest of the saying, so that it makes sense .

 

[Jacques Vert]

'... to a blind man' is the rest of the saying, so that it makes sense .

was trying to be a politically correct SNAG!

 

[Platinum A332]

Tony Abbott says QF needs to get its house in order

PM says Qantas must get house in order

We have a PM who probably as part of any government support would probably not demand the board fall on their swords solely for the fact they hate Unions, irrespective of their incompetent management that rivals that of Enron.

The opposition stubbornly opposes the repeal of the Qantas Sale Act because of misguided and outdated ideology.

And people wonder why Australia is in the shape it is currently in with no direction for the future. Rant over.

 

[love_the_life]

was trying to be a politically correct SNAG!

Perhaps you could have said '….to a visually challenged person' and maintained your SNAG status

 

[amaroo]

Rousing words from a truly great leader With all of Tony's extensive business experience I am sure he could provide some important advice to QF but I suppose he has to remain impartial lest Virgin might cry foul :!:

They want IR changes - simple as that.

 

[amaroo]

I don't know the situation with the banks but it was my understanding Qantas was and is the only flag carrier.

Qantas was. But since the Gov passed it on - it's nothing more than a company owned by Super-funds and unsophisticated investors Qantas Annual Report 2013

The link I've attached details the top 20 shareholders (as at 13 August 2013) .....take a look at number 18

 

[scaredeycat]

Spending on cards that allocate points directly to QF currently on hold in the Cat household. AMEX points are being warehoused until the dust settles. May need to completely rethink our strategy...

 

[Deleted User]

Spending on cards that allocate points directly to QF currently on hold in the Cat household. AMEX points are being warehoused until the dust settles. May need to completely rethink our strategy...

Saw Red Roo lurking in here earlier today, who would not be encouraged by your comments at all scaredycat, but reality is until the announcement on the 27th it's a prudent decision to not put all one's eggs in the same basket...

 

[maninblack]

They want IR changes - simple as that.

Indeed they do and Joyce and Clifford were brought in to smash the unions but all that they have achieved is to smash the airline.

 

[Nizar]

Saw Red Roo lurking in here earlier today, who would not be encouraged by your comments at all scaredycat, but reality is until the announcement on the 27th it's a prudent decision to not put all one's eggs in the same basket...

I've just pulled the trigger on a redemption that ate up more than 99% of my QFF points balance.

 

[davidj]

If some of these predictions come true, it will be a sad day and our once great airline will look like an absolute joke! I understand that AJ wants to cut costs but what's the point of having an airline if it doesn't fly anywhere, and no-one wants to fly it?!

I think you've nailed it in that comment. Lots on commentary in this thread about cutting or introducing new routes, introducing new or updating aircraft, cutting staff, but little feedback around actual demand for Qantas services (or lack of), and its steady decline over the years (someone posted some stats that international patronage for Qantas is down 40%). Its easy(er) to cut costs through staff redundancies, employing use of efficient aircraft, and introducing other new technologies but where is the strategy to grow revenue?

 

[Isochronous]

QFF is a profit centre more than a 'frequent flyer' engagement tool now. It's profits are supporting the airline, and the way the accounting for points at an airline works, having too many non-flying ways of earning through credit card spend in other currencies exposes those profits to currency fluctuations. These could work in your favour, or heavily against you.

Maybe BA, Delta and Eva still view their programs as more of an engagement tool.

The foreign CC providers would pay QF upfront for the points there - QF would charge them in AUD and then the foreign bank/CC issuer is exposed to the volatility.

 

[amaroo]

Indeed they do and Joyce and Clifford were brought in to smash the unions but all that they have achieved is to smash the airline.

One could say - one couldn't happen without the other:idea: