27th February Big Qantas announcement

[Danger]

Question: "Why have you chosen Sydney's most expensive hotel, the Westin, to hold this event rather than your headquarters?"

Joyce: "We've typically done these press conferences here, in the city, which is easier for- you can see the amount of interest, the amount of people that are here . . . The amount of interest we have this is the best facility to do that".

Perhaps what he's trying to say is we were concerned that you'd pilfer the paper clips on your way out of our headquarters and we really can't afford to replace them.

 

[Craigie]

It's all we ever hear from AJ every 6 months as qantas goes down the toilet. Complains about competition increasing and things are tough. Yes that is absolutely true and if business was easy we'd all be rolling in cash. But it's not easy, it's a challenge, one that he has clearly demonstrated that he's not up too. Other businesses are changing and adapting with decisions that are working. QF is not. Cut him loose for goodness sake.

 

[Kendall Roy]

Joyce just made a comment that due to NGCI, less troops required on the ground moving forward.

Funny when it was first introduced he stated that staff would be redeployed!

 

[Duffa]

Haven't got anything useful to add. Just like the thought of more than 100 users seeing my post!

Nothing to say, other than 5 cards feeding in to QF, which may be in for a bit of rationalisation and downsizing!

 

[Mr_Orange]

I apologise if I got this wrong. Joyce may have said A330 reconfiguration.

A330 makes more sense and rather than continue with it, they should accelerate it and get that new J product out into the market.

I still think they have missed a trick by not fitting the 333s with PE too.

 

[Danger]

Question: ". . . how will customers notice the differences with this new leaner QF?"

Joyce: "What we're still doing is investing in the customer. We're still investing in aircraft. We're going to retire the older aircraft, the 747s, the 767s, the 734s. We're investing in products, the lie-flat beds in the A330s . . . we're opening new lounges in LA and HKG. The reason why we're doing that is the customer is extremely important to us [provided the customer lives in BNE, SYD or MEL] . . ."

 

[Mr_Orange]

Wow. I can't believe I forgot my own city. I should work for Qantas.

Well to be fair, Perth only got binned from the QFi vision about an hour ago .

 

[Katy]

Question: "Why have you chosen Sydney's most expensive hotel, the Westin, to hold this event rather than your headquarters?"

Joyce: "We've typically done these press conferences here, in the city, which is easier for- you can see the amount of interest, the amount of people that are here . . . The amount of interest we have this is the best facility to do that".

Perhaps what he's trying to say is we were concerned that you'd pilfer the paper clips on your way out of our headquarters and we really can't afford to replace them.

The Westin is far from Sydney's most expensive hotel. Maybe if he'd held it at the Park Hyatt!

 

[Mrmaxwell]

I still don't understand how a CEO who presides over the share price tanking from around $3-4 when he took over to $1 now has not been sacked. I remember when BHP tanked to around $10 back in the 90s, the lynch mobs were out for the Board and CEO.

This.

I have nothing personal against AJ as some seem to do around here, and could not really care less how QF perform. From a pure business perspective it is astounding how this CEO has been allowed to remain at the helm of a publicly listed company and preside over such a deterioration in both share price and profit. There are fundamental flaws in the company's business model and staff wages are not one of them. Soon the only people left at QF will be AJ and the board, they'll need to get their commercial pilots license!

 

[ketsuzei]

Does anyone know what the re-timing of QF 9/10 is?
I think this is the one good piece of news.

Times haven't changed for my December booking yet.

 

[travelislife]

The one thing when listening to all of this is that not once is it mentioned how Qantas might actually increase revenue or profit, just cut costs, people, aircraft, etc. You can't continually cost cut your way through it all or you will have nothing left at the end. Especially in the airline market once you leave a market it is very hard to get people back on board if you decide to return and the cost can be huge.

 

[RickyT84]

Their international network is not "much smaller"??? London, Los Angeles, San Francisco, Vancouver, Honolulu, Hong Kong, Shanghai, Tokyo, Osaka, Sydney, Melbourne, Adelaide, Brisbane, Perth, Darwin and Cairns, as well as a host of pacific island destinations including Rarotonga, Vanuatu, Fiji, Samoa, Tonga, Tahiti, and more. Red highlights ports not serviced by QFi.

It was perhaps my poor choice of words, but what I was trying to say is NZ has carved a niche market to a lot of destinations including the Pacific Islands (using AKL as a hub) but I wouldn't imagine QF will ever fly to the Pacific Islands on its own metal. As for the other destinations, YVR, SFO can be served with the 787 (if it ever comes).

By the same token, NZ doesn't fly to DXB, DFW, CGK, MNL, JNB, BKK, JFK or SCL.

 

[willjd]

Does anyone know what the re-timing of QF 9/10 is?
I think this is the one good piece of news.

Waiting for that too. Need to make a booking for 3 in January (2+ infant)..... lets hope its not a 2am departure.

 

[markis10]

It was perhaps my poor choice of words, but what I was trying to say is NZ has carved a niche market to a lot of destinations including the Pacific Islands (using AKL as a hub) but I wouldn't imagine QF will ever fly to the Pacific Islands on its own metal. As for the other destinations, YVR, SFO can be served with the 787 (if it ever comes).

By the same token, NZ doesn't fly to DXB, DFW, CGK, MNL, JNB, BKK, JFK or SCL.

Regardless how you look at it, by destinations NZ actually have a larger network than QF, that would make QF niche in many quarters! Especially as they serve three ports in Australia that QF dont.

 

[amaroo]

Not as bad as many thought really.

Indeed. Seems straight forward and a sensible reaction to market conditions and strong competition - good to see QFF is business as usual. Gov assistance package will be a great boost.

 

[StevePER]

By the same token, NZ doesn't fly to DXB, DFW, CGK, MNL, JNB, BKK, JFK or SCL.

The way things are going, I would be surprised if QF was still flying to more than a couple of these destinations in a few years.

 

[Major]

Regardless how you look at it, by destinations NZ actually have a larger network than QF, that would make QF niche in many quarters! Especially as they serve three ports in Australia that QF dont.

Is NLK one of those ?

 

[markis10]

Is NLK one of those ?

I forgot about MCY and NLK again, make that 5 Australian ports served by NZ where QFi dont have a service

 

[Danger]

From May 2013:

imgur: the simple image sharer

 

[Chucksta]

Just read that QF are cutting the PER-SIN route completely from 2015.

As a result, I can only assume that QF no longer want to support customers based in PER, therefore from tomorrow onwards, I am no longer going to fly QF international out of PER.

I will instead start earning loyalty points with SQ and have 3 options per day for flight times on PER-SIN. So by the time 2015 comes around, I should be PPS with SQ.

Come to think of it, why didn't I do this earlier?