#11
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Two quotes:
“The combination of our two domestic flying brands, Qantas and Jetstar, together with Jetstar International, Qantas Frequent Flyer and Qantas Freight, has enabled us to withstand a number of major events affecting our performance. On a combined basis, these businesses are profitable and are returning in excess of their cost of capital. “In FY11, Qantas International is forecast to generate a loss before interest and tax of approximately $200 million, on invested capital of over $5 billion, with a weaker result expected next year" Could someone please explain to me why all of the first named parts of the business are profitable on a COMBINED basis, and yet International is singled out? International could have been combined in that first list, as, combined, they are all profitable! So that begs the question - which of those first named areas - Q domestic, J domestic, J international, Freight and FF, are NOT profitable, and WHY is it that only Q International is being singled out? Could it actually be that one of the hallowed parts of the company, which is supposed to be the model of efficiency, is actually not making money? |
#13
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I thought something was up too, especially since he had some of his associates in the room. Perhaps they were on cue (or on:Q)...
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#14
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A few points of interest I will refer to below.
Firstly a poignant quote from 2008 Alan Joyce said after becoming QF CEO 'the rumour going around is that we are going to try and make Qantas into a low cost carrier. That would absolutely be the wrong thing to do' The Australian newspaper . How times have changed! Secondly, Joyce included Jetstar Asia I'n his list of successful arms of the company. Refer here http://m.smh.com.au/business/budget-...206-1aid3.html JQ Asia have Never made a substantial profit and indeed suffered more losses then profit I'n what is a cutthroat Market. Thirdly, he alludes to the fact QF Intl cost base is so much higher then their competitors. Why's this? Crew pay makes up a very small proportion Of this cost basis . Maybe poor management is at play given Cathay ek and most other major top airlines seem to have it sorted. It shocks me he sees the Intl arm as such a risk with 3 billion I'n the bank. His fleeting reference to Ansett i found uncalled for and pretty inappropriate and the whole speech seemed like a justification for jetstar international to go fully global Ie pvg or other china base and reduction I'n Qf services (august 24 announcement ) |
#15
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Quote:
the Co isn't running along fine, and the problem is the people running the company...this is the same CEO that jumps on a QF flight to an IATA meeting in Singapore and trashes the brand whilst giving his speech, then gets on a QF flight and heads back home. not sure, but from where I sit he deliberately trashes the international arm at any chance he can get...and I suspect that he does it so that Australian's will feel less aggrieved when he finally starts dumping the international arm in some part of Asia. |
#16
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Google takes me to this page
http://en.wikipedia.org/wiki/1989_Au...s'_dispute cant see anything there about a date of the 28th but what has that to do with QF,as Qantas was not part of the pilots strike (from memory) ps don't forget under ASX rules QF must report its Preliminary final reports by 31 August each year
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used to fly globally on business, now retired Last edited by Andrew P; 23rd June 2011 at 11:15 AM. |
#17
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^ try reading the dates correctly...but here you are.
http://www.vision.net.au/~apaterson/...m#APPENDIX%209 |
#18
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Andrew it is all part of the conspiracy theory, which is just a smoke screen for not facing reality.
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#19
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agree, the thought that someone in QF would set a results announcement date, which by the way is date that would have been pencilled in over 2 years ago, and locked in over a year ago, to coincide to an event back in 1989 is crazy
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used to fly globally on business, now retired |
#20
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Perhaps, we will get a slow filter of information similar to that of DJ?
Quote:
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