#1
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Qantas Group Strategy Update and Financial Result
Didn't look like there was already a thread, but apologies if I missed one, or if multiple threads are being started at the same time.
Massive job cuts, but it looks like the most needed job cut will not be done. |
#2
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Key points:
• $2 billion cost reduction, including 5,000 jobs • More than 50 aircraft to be deferred or sold • $1 billion capital expenditure reduction • Core investment in customer service to continue
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#3
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Qantas group strategy update
Quote:
Qantas 2013/14 Half-Year Results - Supplementary Slides http://www.asx.com.au/asxpdf/2014022...5fc4jxpksp.pdf Qantas 2013/14 Half-Year Results - Investor Presentation http://www.asx.com.au/asxpdf/2014022...5cpv5qs46r.pdf Qantas Group Strategy Update http://www.asx.com.au/asxpdf/2014022...589jxk6g8j.pdf Qantas 2013/14 Half-Year Results - Media Release http://www.asx.com.au/asxpdf/2014022...4wbnf0wwm1.pdf Qantas 2013/14 Appendix 4D and Interim Financial Report http://www.asx.com.au/asxpdf/2014022...4tpc10m1wx.pdf
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#4
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So they are having a go that "The Australian domestic market has been distorted by current Australian aviation policy, which allows Virgin Australia to be majority-owned by three foreign government-backed airlines"
My understanding is that a 100% foreign owned airline has been allowed to fly domestic only for more than the last 10 years... hence how DJ started in the first place. I think the biggest issue here is not around ownership, but more around Joyce's poor management - and the fact he can continue to drive the business into the ground without any re-course. |
#5
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It appears the only route cut is PER-SIN, but the QF Group still maintain a presence on that route with JQ services.
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ABQ ABX ACV ADD ADL AKL ALB AMA AMS ANC ARN ATH ATL AUA AUH AUS AVL AVV AZA BCN BDL BFL BGO BGR BHD BHM BHQ BIL BIS BKI BKK BLD BLI BLV BNA BNE BOG BOI BOJ BOS BRO BSB BTR BUF BUD BUR BWI BZE BZN CAI CBR CGK CHC CHS CLE CLT CMH CNS CNX COS CPH CPT CTG CTS CUE CUN CUZ CVG CXF CYS CZM DAL DBO DCA DEN DFW DLH DOH DRW DSM DTW DUD DUR DXB ECP ELP EUG EWR EYW EZE FAI FAR FAT FCA FCO FLG FLL FNL FNT FRA FRS FSD FU'K FWA GCN GDL GDN GEG GGW GIG GJT GOT GRI GRR GRU GSP GTF GUA GVA GYE HAM HAN HBA HBE HEL HHH HKD HKG HLZ HND HNL HOU HRL HSV HVB IAD IAH ICN ICT IDA IND INV ISP IST ITM ITO JAB JAX JFK JNB JNU JOG JTR KEF KGC KIX KMI KMJ KMQ KOA KRK KTN KUL LAS LAX LBB LBE LEJ LFT LGA LGB LHR LIH LIM LIN LIT LRD LST MAD MAF MAO MCI MCO MCT MCY MDE MDT MDW MEL MEM MEX MFE MFR MHU MIA MID MKE MNL MOB MOT MQL MRY MSN MSO MSP MSY MTJ MTY MUC MVD MXP MZT NAN NAS NRT NTL OAG OAK OGG OKA OKC OMA OME ONT OOL ORD OSL OTZ OUI PAE PBG PDX PEK PER PHL PHX PIA PIT PLO PLZ PNH PSC PSG PSP PTY PVD PVG PVR PVU RAP RDD RDM RDU REC REP RIC RIX RNO ROC RSW SAL SAN SAT SAV SBA SBD SBN SBP SCK SCL SDF SDU SEA SFO SGF SGN SGU SHA SHV SIN SIT SJC SJD SJO SJU SLC SMF SMX SNA SOF SSA STL STS SUN SYD SYO SYR TIJ TLL TMW TPA TPE TSV TUL TUS TWF TYS VAR VIE VNO VPS WAW WDH WGA WLG WRG WVB XIY XNA YEG YHM YHZ YKM YOW YQB YQG YQM YTZ YUL YUM YVR YWG YXE YYC YYJ YYT YYZ ZRH Next Trips: 21-24JUN LAS-GJT-LAS G4 29-30JUN LAS-FAT-LAS WN/G4 03-09JUL LAS-MAN/LHR-LAS VS 13-14JUL LAS-DTW-LAS WN/DL 20-21JUL LAS-DEN-CPR-DEN-LAS UA 27-28JUL LAS-YVR/YCD-YVR-LAS AC/WS 03-04AUG LAS-SAN-LAS WN/F9 10-11AUG LAS-LAX-JAC-SLC-LAS UA/DL 17-18AUG LAS-SEA-KTN-SEA-LAS AS 24-25AUG LAS-SLC/EKO-SLC-LAS DL 29AUG-03SEP LAS-MSP-TVC-DFW-LAS SY/AA 06-08SEP LAS-ANC-ADQ-ANC-LAS AS 14-16SEP LAS-CLT-LAS AA 20-22SEP LAS-DEN-XWA-LAS UA/SY 28-29SEP LAS-DEN-LAS UA 07-12NOV LAS-DUB-LAS EI 28NOV-02DEC LAS-OGG-MKK-HNL-LAS HA/9X 19DEC LAS-LAX UA 01-02FEB LAS-SEA-LAS AS 15-18FEB LAS-EWR/BTV-ORD-LAS UA |
#6
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Log-in to download the attached 9-page Alan Joyce Speech transcript addressing Qantas' half year results from today's Press Conference in Sydney.
http://www.qantasnewsroom.com.au/spe...lf-year-result
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#7
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Wasn't Ansett foreign owned (AirNZ)?
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#8
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You have to ask the question,
Should they have ordered the most reliable aircraft ever made, THE 777 instead of the 787 Hope the company lives to fight another day, don't want to lose all my QFF's
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Next Flight - 19/3 - VA262 - CBR-MEL |
#9
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I just love how AJ won't answer any question re: QFi...
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#10
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Apparently QF shares lost 3% in value over the course of Joyce's speech
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I am always hungry for a DoG Steak! :-) |
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