27th February Big Qantas announcement

[Fruitcake]

Where did I say that they had access to more information? I said they had more insight. There is a difference.

I suppose AFF and flyertalk should be shut down - because reading the T&Cs, building a few spreadsheets and reading a forum gives some people more insight than others into frequent flyer programs.

 

[Kefci2000]

Flew MEL-SYD last night on 6.30pm and yes it was public holiday in Melbourne, but would have been no more than 1/4 full 767. Hard to make money doing that!

quietest MEL-SYD I have ever seen, fwd section about 3/4 full but hardly anyone down back.

luggage off in record time

 

[cmon0005]

Flew MEL-SYD last night on 6.30pm and yes it was public holiday in Melbourne, but would have been no more than 1/4 full 767. Hard to make money doing that

That's because it wasn't a national public holiday so I suspect flights in the other direction would have been full coming back from their long weekends

 

[Anna]

It was a public holiday in SA yesterday. Not a "Vic only" public holiday.

 

[Cossie]

It was a public holiday in SA yesterday. Not a "Vic only" public holiday.

Same here in Canberra.

 

[cmon0005]

It was a public holiday in SA yesterday. Not a "Vic only" public holiday.

I've amended it to say it wasn't a national public holiday, gee I must have QF's east coast syndrome.. :mrgreen:

 

[AnonymousCoward]

Where? In the post I quoted. You said they have a greater insight not just than you but everyone else. That requires different information and I see you haven't even ruled that out.

It doesn't require more information. It can be achieved through throwing more resources at analysing the existing information, hiring people with experience of/expertise in the broader airline industry, regulatory environment, supply chain management, technology and so forth. They're able to do this, because the resources that a large fund manager has far exceed that of a lone individual (money, labour etc.), and because there's simply too much information out there for a lone individual to fully analyse themselves (excepting perhaps, if they do nothing else)

 

[lovestotravel]

Flew MEL-SYD last night on 6.30pm and yes it was public holiday in Melbourne, but would have been no more than 1/4 full 767. Hard to make money doing that!

quietest MEL-SYD I have ever seen, fwd section about 3/4 full but hardly anyone down back.

luggage off in record time

Public holiday in a few states, but a holiday in Melbourne would be enough to keep most business travellers away

By contrast my flights MEL-SIN-MEL in the past week were 100% full in J and less than 15 seats empty in Y

 

[medhead]

It doesn't require more information. It can be achieved through throwing more resources at analysing the existing information, hiring people with experience of/expertise in the broader airline industry, regulatory environment, supply chain management, technology and so forth. They're able to do this, because the resources that a large fund manager has far exceed that of a lone individual (money, labour etc.), and because there's simply too much information out there for a lone individual to fully analyse themselves (excepting perhaps, if they do nothing else)

It does require more information to claim the institutional investors have more insight than the non-institutional investors.

 

[markis10]

Meanwhile Qantas shares are going the opposite way to the market today, wonder why?

 

[lovestotravel]

Meanwhile Qantas shares are going the opposite way to the market today, wonder why?

Um Qantas shares down 1 cent, that doesn't even count were up a few cents and down a few more cents as well with a few small trades, but with trades so small it doesn't count IMO

Market is down as well and has been since 10:30am

 

[markis10]

Um Qantas shares down 1 cent, that doesn't even count were up a few cents and down a few more cents as well with a few small trades, but with trades so small it doesn't count IMO

Market is down as well and has been since 10:30am

I was looking at the ASX 200, and QF shares are down from 1.13 to 1.10

 

[lovestotravel]

I was looking at the ASX 200, and QF shares are down from 1.13 to 1.10

ASX 200 has been up and down all day

QF shares currently down -1.34% but they were always going to fall from the highs of the past few weeks

 

[amaroo]

Why Alan Joyce is less crazy than you think

 

[dajop]

It does require more information to claim the institutional investors have more insight than the non-institutional investors.

I think we'll have to agree to disagree.

If you read my original post, I didn't make my comparison with non-institutional investors, I made the comparison between the significant shareholders (who admittedly are institutional investors) and the average member of the public, or even the average AFF member, many of whom are probably not investors (other than a few QFF points) and therefore unlikely to be as engaged in tracking and interpreting the information that Qantas is providing, compared to managers of funds that have millions of dollars invested in the company.

 

[markis10]

Why Alan Joyce is less crazy than you think

I see some issues with that article, for a start Horticulture and Business schools usually dont share resources at University, probably because they have little in common. To say running a business can be equated to gardening and the need to prune is a tad over simplistic. If we accept its a fair comment and has some truth, then perhaps the author needs to be made aware of the fact this is not the first prune. I am no green thumb but I do believe over pruning can have the same effect as none at all

 

[maninblack]

I have never thought AJ is crazy for a second. He is one determined little terrier who has a clear plan to decimate union power and reduce staff costs. That does not mean that he knows how to run an airline though.

 

[eastwest101]

The later part of the article quoted here is the caveat that mindless pruning/cutting is not sufficient to save QF - there needs to be other stuff happening as well:

One final caution when pruning is to avoid viewing it as the cure-all. While cutting headcount is a quick and easy way to reduce costs and improve the health of a balance sheet, sometimes more fundamental changes are required. Perhaps the brand messaging is dated. Possibly the product offering is not longer meeting market needs. Maybe existing revenue channels are being disrupted by new players or new technology.

In any of these instances, simply reducing company headcount will do little to address the underlying business challenges – something akin to clipping ones nails when a cast for the broken arm is what’s required.

(my bolding for the stuff that I though relevant)

 

[Shan Man]

That's because it wasn't a national public holiday so I suspect flights in the other direction would have been full coming back from their long weekends

Had a meeting today in melbourne (just got back from) and was planning to go down last night as I dont do mornings.

Needless to say, $400 plus for a oneway economy ticket yesterday ment I was up at 5am this morning.

I'm going to go have a nap.

 

[Anna]

my flights MEL-SIN-MEL in the past week were 100% full in J and less than 15 seats empty in Y

My sister flew MEL SIN on either Tues or Wed last week in Y and reported it was a great flight because Y was only a third full.