pauly7
Senior Member
- Joined
- Dec 8, 2004
- Posts
- 5,363
I wouldn't mention shareholders at present, hows that share-price going?
I think you know.... Not good. I hope the short term speculators that bought around 38c thinking it was a bargain didn't buy too many!
I know lots of people that are "unimpressed and uninterested" with the silly little announcements that DJ are making. Just get on with the show and announce the whole range of improvements and a time-frame to implement it.
I don't disagree with anything you say in particular, but DJ actually didn't *really* have a choice regarding this general path of approach.
What were they supposed to do, buy some more 777's and try out a few more routes and watch QF Group systematically dismantle them one by one?!
In their current financial situation and the current operating climate (before we even get to oil price) DJ just don't have the cash, operating base or expertise to take QF on head to head internationally, so they have taken the cheaper approach to team up with other airlines... QF certainly isn't about to start flying to Abu-Dhabi for example... But I'm sure them cosying up to Emirates was in part a response.
I think this is more fiscally responsible to their shareholders.
Now on top of everything else they are looking at pretty horrifying oil prices and have stated that elements of their relaunch domestically are being re-looked at and the ruler thrown over them again. Again, fiscally responsible but explains the small amount of announcements and *perhaps* less than people wanted. I'm sure some elements have been binned and/or placed on hold along the way.
I just think people should start dialling their expectations back a little. It is a very very tough operating environment out there and it's getting worse not better!