rechoboam
Active Member
- Joined
- Aug 9, 2010
- Posts
- 930
I have no problems with Qantas expanding into Asia and either creating a new entity or partnering with a local operator. But I do have concerns about how they will choose to run the so-called "RedQ".
In the good old days Qantas used to fly to NZ ferrying Aussie business people and tourists to that fabulous cousin of ours, and vice-versa with some Kiwis. Meanwhile AirNZ was doing the reverse.
Then Qantas management realised to their horror that AirNZ were paying their predominantly Kiwi pilots and crew Kiwi wages. "Why don't we do that?" they thought, and promptly created Jetconnect and effectively terminated the Qantas trans-Tasman presence. So Qantas revenue is used to pay a Kiwi based operation to ferry Australians to and from (and then around) NZ.
Now I am not Australian but when I fly Qantas I expect to be piloted and crewed predominantly by Australians. There are some logical exceptions for long-haul (e.g. - handing over to a UK-based crew in Asia for the second leg to the UK), but for domestic travel and international flights to/from Oz ports I think Qantas should employ Australian citizens and residents - not outsource to the lowest bidder.
I know - this hardly promotes shareholders and management as the most important people on this planet, but that's just my view on life.
Important or not-- the shareholders own the company. It is their property just like my car is my property and they have the right to have their nominated directors use shareholders assets to run a business. At what point is it OK to start putting business performance first? When profits are going down? When profits are zero? What if the business is losing money? Should the airline continue to pay more than market rates for its requirements?