Qantas flags record profit.

[jakeseven7]

Oh goodness no too many to even bother, best to keep it light and jokey in this thread, and I’m off the book on this forum

AFF can’t afford your consultants hourly rate anyway

 

[AustraliaPoochie]

As they retire their wide body planes domestically, it would mean their cost of running the airline will drop.
Narrow body planes are easier to run, cheaper too, when you consider that the ramp does not need scissor lifting for goods, unlike what is needed for their former 767s, and the 330s.
With the 321neo/220s, all they need is the slanted moving belt upwards and downwards, also less outsourced baggage handlers, etc.
The price of buying an aircraft can be spread over its useful life via depreciation.
Cleaning the narrow body planes will also be faster, ergo, cheaper.
Airfares trans Aust esp in J, for those who are willing to pay for the seat, is quite high, $25xx, granted a lot of people do use upgrade via points redemption, but for sure, a lot of business people will buy revenue tix with cash, $25xx X 6 = $15000, rest we assume can be filled with points upgrades, that is just for J.
Y pax, as the 220 is longer, they can fit more people into Y, thus also increasing rev per seat.
Less flight staff, those serving pax down the back, also will save them money overall.
Turn around time for the narrow body planes is also less, and they can do a faster boarding and de boarding, saving them money too.
Profitability increase, sure of course.
And their 330s are converted to pure frieghters, no pax to worry about on those, thus also saving them money.

 

[Quickstatus]

Profitability increase, sure of course.

If it were so easy everyone would be in the airline business?

 

[RooFlyer]

Oh goodness no too many to even bother, best to keep it light and jokey in this thread, and I’m off the book on this forum

Well, that was entirely expected. Come in declaring factual inaccuracies of others, but can't back it up.

 

[serfty]

Well, that was entirely expected. Come in declaring factual inaccuracies of others, but can't back it up.

@pauly7 is subject to CiC in such matters.

 

[RooFlyer]

@pauly7 is subject to CiC in such matters.

If you say so; which particular matters? If there is a 'record' number of inaccuracies, I'm sure there must be some not 'commercial in confidence' they can rebut? That would help the AFF community.

I have no idea who they are, other than they come on, saying stuff like

This thread will break the record soon for factual inaccuracies, but good for a chuckle

Which I find a bit demeaning to those who have posted before. If they can't back it up, perhaps best left unsaid and have their 'chuckle' in private? Else its all a bit of grandstanding.

 

[jakeseven7]

If it were so easy everyone would be in the airline business?

Anyway back on topic from the sniping!

Yes they would be, totally agree.

The reason it’s so concentrated world over is that barriers to entry are staggeringly high and chances of success staggeringly low.

Profit is a funny beast as well because it’s such a headline number to talk about in mainstream media and general public. There have been far greater and deeper reaching impacts than the losses that hit all airlines, not just Qantas during the dark days of the pandemic.

 

[AustraliaPoochie]

Look at Bonza, yes, there are some downsides to them as of now, but who knows how much they spent to do a start up.
Yes, they bought several planes off the the VA administrators, but still, they could make it.
Not that I would fly with them, but rural communities seem to love them.
When they start to get more planes, they might start to get the key level of profitability.
Probably with the former VA, they got too big via JB with his big dreams for/of the airline.

 

[justinbrett]

Look at Bonza, yes, there are some downsides to them as of now, but who knows how much they spent to do a start up.
Yes, they bought several planes off the the VA administrators, but still, they could make it.
Not that I would fly with them, but rural communities seem to love them.
When they start to get more planes, they might start to get the key level of profitability.
Probably with the former VA, they got too big via JB with his big dreams for/of the airline.

You're thinking of Rex.

Bonza didn't buy anything off VA.

 

[AustraliaPoochie]

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If anyone wants to, and has some time, they can play around and see the possible profitability per flight of an aircraft.
If its $11,000 an hour to fly a 321 (plane running cost, exc wages, staff super), and they can sell the whole flight for say, $35,000, $10.000 if 12 J seats, by $833 (QF MEL - SYD/vv), $173.61 X 144 = $25,000 and the rest in Y, and then the freight loaded on, say $50,000, per hour, that would make it slightly profitable, then take into account wages of staff on board, and ancillary, if they buy 75 narrrows, and get rid of the wide body all over Aust, it can be profitable.
QF does not do any ADL wide body flights daily, so they save here already.
Only very occasionally these days, not daily that they have wide body planes into or out of ADL.
The lounge staff are outsourced, baggage handling is outsourced, cleaning of plane is outsourced, so its all money saved.
Flight aware is good for/in regards to chasing up how many flights a day, a certain aircraft does, and how many hours it spends in the air.
Via (track incoming flight), most of the QF's 737 do 4 runs a day.
BNE - SYD, SYD - PER, PER - ADL, ADL - SYD all in a day.
Start at 6am, and finish into SYD before midnight
===
I dont run CH aviation, but according to the website, (QF eyes A330 fleet replacement), and also what we have read on their website of late, re A321/A220 for short haul, and A350 only for long haul.

 

[RooFlyer]

Profit is a funny beast as well because it’s such a headline number to talk about in mainstream media and general public.

Also 'funny' because it can be so easily manipulated by the reporting entity (eg write-offs, one-offs, director's valuations, delay commitments etc) that as a on-off for a particular year, it doesn't mean much.

Browsing some of the QF financial presentations, there is this (not sure why its not updated)



I see there is an Investor Day coming up (30th), with a presentation ready to go.

If anyone wants to, and has some time, they can play around and see the possible profitability per flight of an aircraft.
If its $11,000 an hour to fly a 321 (plane running cost, exc wages, staff super), and they can sell the whole flight for say, $35,000, $10.000 if 12 J seats, by $833 (QF MEL - SYD/vv), $173.61 X 144 = $25,000 and the rest in Y, and then the freight loaded on, say $50,000, per hour, that would make it slightly profitable, then take into account wages of staff on board, and ancillary, if they buy 75 narrrows, and get rid of the wide body all over Aust, it can be profitable.
QF does not do any ADL wide body flights daily, so they save here already.
Only very occasionally these days, not daily that they have wide body planes into or out of ADL.
The lounge staff are outsourced, baggage handling is outsourced, cleaning of plane is outsourced, so its all money saved.

This is cash; not profit.

 

[SCM]

With this record profit, Will QF follow 2 other major airlines who operate into/out of AU by paying staff hefty bonuses?
EK 6 months
SQ 8 months

I hear crickets....

+1 I was going to say this exactly...

QF is such a cough airline in terms of how they treat their staff - so how can they possibly ensure an environment where their staff deliver world quality service? Every time I fly SQ, I can really tell how passionate they are about the job they do, about the product they deliver. I recently learned that SQ does a profit share with their employees every year, so no wonder... and this time they chose to pay an additional 2 months even ON TOP of that! Imagine that much dedication to your staff - it's night and day working for a good airline vs a coughty one like Qantas who masquerade as "premium".

 

[marki]

Of course Doug Parker is Doug Parker. But whether he is a demon or a competent professional with 35 years in the airline industry - that's the question. As someone who flew AA a lot both before and after he was appointed, there's no doubt in my mind it's a better airline now. AA (and most US carriers) were dire in the early 2000s.

VA (or any airline) would be lucky to have someone of that calibre on their board. If nothing else, he might at least negotiate a merger with Rex and/or Bonza!



No, but I hear AJ is available



Was not my experience. You couldn't even get a bottle of water on AA for free in Y in the early 2000s. ACs didn't have complimentary alcohol (except the oneworld vouchers). Aircraft were 30 years old, no personal IFE, lounges not much newer. It was terrible.

AJ is now in real estate and will be very comfortable with his small amassed fortune for years