Who is going to the Qantas AGM in 2023?

[TheRealTMA]

Another view.

Vanessa Hudson torches last sliver of goodwill defending 'ghost flights'

A change in leadership at Qantas and the ACCC has led to more of the same from both, which is a looming disaster for the airline and a credit to the regulator, writes business editor Ian Verrender.

www.abc.net.au

 

[cove]

We were disappointed that we could not get to this AGM.
Using a share buyback to hold the share price makes it harder to fund all of the new planes required as the A330s and the A380s are less fuel efficient than the latest models.Only half of the original 12 A380s have made it back into service with one non refurb in that mix and one has been scrapped.
So lots of apologies and promises to try harder but their reputation has gone into the dumpster.
Virgin has finally returned to profitability while Qantas has serious legal claims to settle with both the TWU and the ACCC. This may cut a billion off the profit.
So we now don’t lose family points thru death and covid credits cannot get cancelled.
Directors and senior staff are getting encouraged to try economy class.
Well that is progress.

 

[RooFlyer]

Final results of votes at the Company Investor Centre web page, report to the ASX. A bit embarrassing that their first lodgement apparently got the percentages of proxy votes wrong, resulting in a correction needing to be lodged a couple of hours later!

Qantas | Investors - ASX Announcements

investor.qantas.com

 

[cove]

The last Qantas AGM we attended was where the whole meeting was choreographed and the directors trousered millions by avoiding writing down their 12 A380s. My question i emailed was ignored and the write down came later.

 

[kangarooflyer88]

Final results of votes at the Company Investor Centre web page, report to the ASX. A bit embarrassing that their first lodgement apparently got the percentages of proxy votes wrong, resulting in a correction needing to be lodged a couple of hours later!

Qantas | Investors - ASX Announcements

investor.qantas.com

Don’t let numbers get in the way of a good story!

I call your attention to Ms Alan Joyce Jr’s remarks during the AGM:

ACKNOWLEDGING THE PAST
Reflecting on what I’ve heard, the disappointment and frustration is clear.
As Richard said, there are many things – big and small – that we didn’t get right.
For that, we have sincerely apologised to our customers and people, and I apologise to you, our
shareholders, today.

It’s a start I suppose but I counter the notion that Qantas sincerely apologized for their mistakes. Part of acknowledging your mistakes is to simply call them out. Simply saying you let customers down isn’t enough. Here’s a thought: instead of providing acknowledgement to country when you land at an Australian destination, why not acknowledge one failure you made. “We acknowledge that we sold tickets for flights we had no intention of operating and for the countless people stuck in limbo as we cancelled their flights silently without notice.”

 

[openseat]

"Not match fit" comes to mind.

 

[kangarooflyer88]

I see an opinion piece by Chris Maxworthy, the QF shareholder who had his microphone cut off at last week's AGM has just been published in the AFR:

Qantas turned off my microphone at the AGM. Here’s what I think

My sin was to challenge the morality of board decisions. But it is the company that needs to relearn what the spirit of Australia means.

www.afr.com

An interesting observation he had of the scenes at the QF AGM last week:

After 40 years as an investor, that Qantas meeting was the worst I have attended. It was carefully scripted, with an excess of security staff and board members who looked ill at ease with their owners. What the board knew, but the audience was yet to learn, was that the remuneration report had been voted down by a stunning 83 per cent.

 

[nancypants]

I see an opinion piece by Chris Maxworthy, the QF shareholder who had his microphone cut off at last week's AGM has just been published in the AFR:

Qantas turned off my microphone at the AGM. Here’s what I think

My sin was to challenge the morality of board decisions. But it is the company that needs to relearn what the spirit of Australia means.

www.afr.com

An interesting observation he had of the scenes at the QF AGM last week:

Was he the annoying guy felt to be monopolising the mike and not asking a question so much as making a speech, or a different guy?

 

[RooFlyer]

Was he the annoying guy felt to be monopolising the mike and not asking a question so much as making a speech, or a different guy?

Different guy. Didn't get the chance to make a speech!! Unfortunately he mucked up the first part of his question (got dates of ACCC Vs Joyce's share sale wrong), so the Chair had an easy dismissal first up.

 

[RooFlyer]

Thanks for posting that AFR link, KF88. This is some new info from it:

The meeting was a miserable experience for the board such that none – repeat none – of the members attended tea and sandwiches with their owners after the formalities. Goyder had stated that the board could spare “five to 10 minutes to speak personally with shareholders”. It never happened – the first time in my experience.

 

[jrfsp]

Well well well im shocked

Qantas detailed thousands of cancelled flights days before Joyce share sale

The airline provided the competition watchdog with the information before the former CEO was allowed to sell shares worth $17 million.

www.afr.com

"Qantas supplied the competition regulator with details of more than 10,000 flights it had cancelled three days before its chairman, Richard Goyder, allowed former chief executive Alan Joyce to sell shares worth $17 million."

Where is the investigation for insider trading

 

[kangarooflyer88]

I see that the 2023 AGM is now available to watch:

Qantas AGM 2023 on Vimeo

It’s getting a bit boring that QF still does the whole this land is your land but at the beginning of their meetings (and upon landing at an Australian city)

-RooFlyer88

 

[moa999]

Where is the investigation for insider trading

Won't be one imho.

A request for information from a govt authority would be pretty common for QF.

Plus the board would have signed off on one of the few trading windows for execs.