- Joined
- 17 August 2006
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Lol … You may need some educating from the great 'Ogden Nash' FR
"Behold the hippopotamus! We laugh at how he looks to us,
And yet in moments dank and grim, I wonder how we look to him."
- Ogden Nash
No, but do you have a contact number for lost hippo's?...
Qantas will slash flights across Asia as the coronavirus crisis continues to damage airlines around the world. The airline said reduced travel due to the outbreak is expected to carve between $100 million and $150 million out of its earnings this year, although Qantas added that the impact will be softened by lower fuel prices, which are also being caused by the economic disruption from the virus. The airline will reduce its overall group capacity to Asia by 15 per cent until at least the end of May, with Qantas International capacity to be cut by 16 per cent, and Jetstar seats to the region be reduced by 14 per cent. Flights between Sydney and Shanghai will remain suspended and that the lucrative route to Hong Kong from Sydney will be halved from 14 flights a week to seven.
"Cononavirus resulted in the suspension of flights to mainland China and we're now seeing some secondary impacts and weaker demand on Hong Kong, Singapore and to a lesser extent Japan," Qantas chief executive Alan Joyce said. Qantas flights from Melbourne and Brisbane will also be reduced, as will Jetstar flights to Japan and Thailand, and intra-Asia flights. Qantas and Jetstar flights between Australian and New Zealand will be reduced by around 5 per cent, while the group's domestic capacity will be reduced by 2.3 per cent in the second half of the year "to better match demand".
Staff asked to take leave amid flight cuts
"We have 30,000 employees across the group," Qantas chief executive Alan Joyce said. "The way we'll manage it is to ask across the 30,000 people, for people to take annual leave, long-service leave and use their leave balances, which are quite considerable."
Mr Joyce said asking employees to take paid leave would allow the airline to manage the staffing situation for at least six months. "What's important is that we have flexibility in how we respond to coronavirus and how we maintain our strategic position more broadly," Mr Joyce said.
Have noticed that most Qantas staff seem to be of a more mature age.
Which seems to work well generally... exception is a few of the hostess's on the actual flights.
When a hostesses butt is that big that they can't walk down the aisle without knocking passengers shoulders, spilling drinks in people's hands, things have to change...
Would you like a towel Sir?
No, but do you have a contact number for lost hippo's?...
Down 2.4% on Friday. Should have held on for another day but still learning......happy to have picked up trade signal but still need to work on execution as usual.I am not sure why sentiment is so bullish so placed a short trade on this and will see how I go.
....happy to have picked up trade signal but still need to work on execution as usual.
Closed at $4.66 today.Support is at $4.70.
I expect that to fail badly.
More practically, for most people......Avoid QAN is my feeling.
gg
Last year QAN hedged all FY 2020 jet fuel costs, allowing them price certainty. This will be impaired by the COVID-19 flight cancellations.From @rederob on another thread.
""QAN off my radar for the next month unless there's a miracle.- I have it down as value at $2.00 but expect it now to dip nearer to $1.50. Best thing about QAN is that next year it will offer great fares as it has the best hedgers of aviation fuel in the world, by a long margin. I expect calendar 2021 will deliver excellent returns for QAN.""
A good post@rederob.
May I ask you or other members of ASF to expand on QAN hedging of aviation fuel particularly in relation to the fall in the price of oil over the last four quarters.
Either here or in the QAN thread.
gg
"I refuse to join any club that would have me as a member." Quote Groucho Marx
Je suis Charlie
Good thinking.Am thinking of liquidating my Qantas points (inFrequent Flyer) and turning them into wine.
I know the rational / optimal action is to utilise for future flights, but
- am unlikely to fly soon
- if I do travel, some bargains may be thrown up; cheap tix with any number of airlines
- QAN likely to devalue the FF points even more, as the balance sheet gets pressured
- wine is delivered to my door
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