AIRwin
Enthusiast
- Joined
- Apr 13, 2013
- Posts
- 11,546
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The duds will stay on because they know deep down they will neve
Or they are also passionate about the industry like us on AFF...
The duds will stay on because they know deep down they will neve
The duds will stay on because they know deep down they will never be able to find another job elsewhere.
Not what was said.Anyone else hear AJ say no International flights until July 2021?
One problem with voluntary redundancies may be that (counter intuitively) 'the best and brightest' decide to leave, but not those who are not great at pulling their weight.
And those close to retirement may well be pleased with an opportunity to retire early with a decent redundancy payout. If I was less than 5 years out from my planned retirement, I would likely see redundancy as a good outcome. Many Qantas employees have been with the company for a long time and redundancy entitlements will likely be significant for them. This can also result in the loss of a great deal of experience and knowledge as the senior people and "re-employable" people leave the organisation.That's the thing with the airline industry, especially with Qantas.
The duds will stay on because they know deep down they will never be able to find another job elsewhere.
Not being a dud isn't any easier. Crew are struggling to get jobs, myself included. Although it may be easier to commit to a job long term now with this annoucement.
Wishing you and your colleagues all the very best in your search for work, either retained by your current employer or elsewhere.Not being a dud isn't any easier. Crew are struggling to get jobs, myself included. Although it may be easier to commit to a job long term now with this annoucement.
Yes and that was explained further up the page.Not what was said.
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Look, I know nobody saw CV19 coming and I know this is a well-worn gripe, but this seems to me to be a striking example of the nonsense and self-serving nature of most share buy-back schemes. What a pity they didn't just hold on to that cash for a virusy day, eh?
QAN's Final Share Buy Back Notice was only last November (I realise the money was not all spent immediately before the Notice), and the figures therein show they paid an average of $5.56 per share, which shares they are now effectively selling for $3.65. Great work, guys!
As every good stockbroker will tell you; buy high and sell low!
...Who is going to care about airline loyalty points or status when the job losses and recession really starts to hit? No-one will - thats who.
The economy has to start growing to soak up the large numbers who've lost jobs in recent months. One report today said Oz was better placed than others, although still (as of today) in negative territory.
...
Until State borders reopen, it's hard to see economic growth because (at least in hospitality and passenger transport) a goodly amount of activity is from interstate visitors/travellers. I don't buy the optimism from state governments that intrastate spending will replace all this because for many reasons (including 'been there done that') people spend more when they go interstate (as do foreign tourists when they come to Oz).
Its a gripe that should be highlighted in my opinion, airlines are volatile businesses and Covid-19 is a bit of a black swan, but that QAN share buyback was just an official announcement that "Qantas management are officially out of ideas, out to lunch and interested in pumping up their own KPI's and renumeration."
As soon as a company announces share buybacks, that the cue for shareholders to take their profits, leave and don't come back until new management are installed.....
And with that, the fate of the F lounges also hangs in the balance.I am a bit surprised that no one has made a major issue of the fact that with the A380s out of sight and perhaps gone forever, F is also gone!
And with that, the fate of the F lounges also hangs in the balance.
I don't think so.Dramatic much
Sadly, I think it's safe to say: RIP QF A380
Would be nice if OQA was museum'd in AUS.