Australian (ASX) Stock Market Forum

QAN - Qantas Airways

A lot of planes sat around for a lot of time during covid, things that are kept warm and operating have predictable issues, things that sit around in the open getting cold, damp, wet, warm get a whole different set of problems, most of which are unexpected. :2twocents

I suppose so. We will see if other airlines have the same issues.
 
I suppose so. We will see if other airlines have the same issues.
That's if the incident rates high enough as news worthy, above Scott Morrisons dog passing wind, or Albo's cat chucking up a fur ball.

We are in Australia, the center of our own universe, which revolves around what the media wants to present to us as news. :roflmao:
 
Good morning
Qantas today (02/05/23) reports that Vanessa Hudson will be CEO and MD from November when Alan Joyce retires after 15 years as CEO.

Ms Hudson is currently the Group’s Chief Financial Officer and has worked in a number of executive positions across the Group over 28 years, including Chief Customer Officer and Senior Vice President for Qantas across the Americas and New Zealand.

She will be the first ever female CEO of Australia's main airline.

Have a good week.

Kind regards
rcw1
 
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Oh so very happy to see the back of the garden gnome. So long, good bye and tut tah
I think they did not do enough and the wokes will be unhappy.
They replaced a gay limited height white male by a white woman who might even be heterosexual...
They needed at least a black lesbian if not transgender.
And if you think I am just BS and genuinely believe the new CEO has been selected on skills.. stop investing in stocks and move to ETFs or term deposits for your own sake?
 
Good evening,
Published this evening via New Corp media outlets:

Two days of High Court hearings begin on Tuesday to determine whether Qantas acted illegally when it outsourced the jobs of more than 1600 below-the-wing workers. The Transport Workers Union took legal action against the airline following the decision in late 2020, claiming Qantas was motivated by high union representation among the workforce and the desire to prevent future industrial action.

Qantas claimed the decision was solely intended to deliver savings of $100m a year at a time when the airline was experiencing great financial hardship due to the Covid crisis.

The Federal Court twice found in favour of the TWU, ruling that there was reasonable doubt about Qantas’s motivations in the matter.
However, the courts rejected the TWU’s call to reinstate the workers, due to the complexity of the matter.

TWU national secretary Michael Kaine said the fact the High Court had agreed to hear the case highlighted the “significance and enormity of this matter”. “Whatever the outcome, workers must be applauded for their courage,” Mr Kaine said. “Their commitment to justice has sent a warning signal to employers up and down the country. Working people will not stand for their jobs being deliberately splintered and sold off to the lowest common denominator.”

A Qantas spokesman said the Federal Court accepted the airline had “lawful and compelling reasons” to make the outsourcing decision but was not convinced that preventing protected industrial action was not part of the motivation.

“We have always rejected this, which is why we taking our appeal to the High Court,” said the spokesman.

“We’ve always acknowledged that it would have been very tough on our ground handlers and the thousands of other employees who lost jobs because of the pandemic.”

Mr Kaine said that as well as workers, passengers had suffered the consequences of the outsourcing decision through the loss of experience and loyalty in the areas of baggage and ground handling.

Qantas denied the outsourcing was connected to performance issues the airline experienced last year, including a rise in lost bags and marathon waits at baggage carousels. Those issues have since been rectified as contracted ground handling companies such as Swissport, dnata and Menzies rebuilt their own workforces post-Covid.

Whatever the High Court rules, the matter will eventually return to the Federal Court to decide on any penalty and costs, with the losing side set to face a massive legal bill.

Kind regards
rcw1
 
Yes I personally think Qantas will be better for the removal of our Irishman and Australia will equally benefit, if he decides to returns his unpleasant nature to the land of the shamrock. ? ?
 
Good evening,

It has been reported that the head of News Corp Australia, Michael Miller, has criticised Qantas’ decision to remove The Australian Financial Review from its lounges and Wi-Fi access after critical articles, describing it as a “form of corporate cancel culture”.

ha ha ha ha ha ha ha

Kind regards
rcw1
 
been reported that the head of News Corp Australia, Michael Miller, has criticised Qantas’ decision to remove The Australian Financial Review from its lounges and Wi-Fi access after critical articles, describing it as a “form of corporate cancel culture”.
Joe Aston has a good swipe in the AFR. Might even cut n paste it.
 
Good evening,

It has been reported that the head of News Corp Australia, Michael Miller, has criticised Qantas’ decision to remove The Australian Financial Review from its lounges and Wi-Fi access after critical articles, describing it as a “form of corporate cancel culture”.

ha ha ha ha ha ha ha

Kind regards
rcw1
As much as possible, I try to boycott Qantas..but hate virgin woke as well..so not easy within Australia
 
As mentioned ... enjoy.

How low will Alan Joyce go?​

Joe Aston Columnist
May 8, 2023

The decision by Qantas in recent days to banish The Australian Financial Review from its lounges and inflight Wi-Fi network is only what we’ve come to expect from our national carrier remade in the image of Alan Joyce.It is, of course, the second such wobbly he’s chucked in 10 years. In 2014, Joyce yanked all Qantas advertising from The Sydney Morning Herald and The Age and removed all physical copies of those newspapers from Qantas terminals, livid at columnist Adele Ferguson raising the prospect of his sacking over the company’s (then) record $2.8 billion annual loss.It’s an incredibly petty act that actually bears out what we’ve been saying all along about the corrosion of Joyce’s leadership.
This is a decision the public can see, but what other decisions are made beyond our line of sight? Who else has slighted Joyce and suffered the consequences?

The Financial Review is a tiny vendor to Qantas. What becomes of the major catering or engineering supplier who displeases the great man? What is it like for employees who make a mistake, or who fail to genuflect deeply enough?

This isn’t about a few missing newspapers, but the pattern they represent. Nobody derives profound egoic injury from a single cut. This is a lifelong practice, directing inordinate energies to persecuting those who won’t deify you.
Remember, the most important thing to Joyce isn’t money. He’s made $130 million, so he doesn’t need any more of that. The most important thing in the world to Joyce now is what other people think of him.
In his mind, clearly, he has constructed a heroic image of himself as the saviour of Qantas. He truly believes this. Indeed, he may be incapable of believing anything else.

Saviour narrative​

This is why Joyce makes statements that come across as comically self-unaware. He cannot express gratitude for the Australian government handing Qantas $2.7 billion during the pandemic. He even goes as far as claiming Qantas “ended up getting very little government support”. He is unable to acknowledge that taxpayers helped rescue Qantas because it is incompatible with his conviction that he alone rescued Qantas.
This is why he says: “I would’ve retired a few years ago, [but] I agreed to stay … to help the company get through a terrible crisis,” when in May 2019, well before COVID, the Qantas board had publicly confirmed a three-year extension of his tenure. Joyce had erased this from his mind, again, because it conflicts with his saviour narrative.

This is also why he internalises the company’s successes and externalises all of its failures. On being 11 weeks from bankruptcy but getting Qantas through COVID, and on its record profitability, he leans heavily into his own agency. On lost bags, schedule chaos and woeful customer service, those are just ailments of the entire global airline industry.
All of this delusion is enabled by Joyce’s chairman, Richard Goyder, from whom Joyce garners sympathy by playing the vulnerable teenager. Goyder is fully signed up to all of Joyce’s narratives. The duo exhibit all the dynamics of an enmeshed family. It is frankly creepy.
Joyce is particularly sensitive about any threats to his hero story because he is at a delicate juncture in his life. His borrowed power is evaporating, the countdown is on, and he is transitioning to Mr Altruism, Mr Community. Joyce is seeking moral elevation right as his balloon is losing air.
The sad fact is that Alan Joyce is emotionally ill-equipped to cope with his dead-set legend complex falling apart upon close public inspection. It is absolutely devastating to him – after 15 years of almost uninterrupted adulation – to be seen for what he really is: just another overpaid, insecure, unexceptional businessman who believes his own bull****; just another CEO who did to his company what was best for himself.
Joyce has sustained the deepest wound to his internal dialogue, and his rage is like a wildfire. It goes to any opportunity, it knows no proportion, it descends to every pettiness. He probably realised how silly purging the Financial Review would make him look, but his ego defence overrides any calculation of consequences.
Luckily, Qantas isn’t sophisticated enough to lose my bags on purpose and to ban me from flights they’d need a CRM system that isn’t held together by rubber bands and twine. Instead, Joyce will just have to slip salt in my sugar bowl.
 
REX . Bonza.
I do hope BONZA is able to survive.
So far from what I hear in the industry, they are working well, providing exceptionally cheap fares, and providing a service the big players lack.
Was talking to someone who went to visit children in Byron Bay.
For $130 each way she drove from Tocumwal to Albury Airport, parked and had to walk less than 150 meters to the terminal, was very little queuing, plane on time, no crowds at Ballina destination, then a bus to Byron.
Not my ideal as I hate busses, but it is cheap.
Mick
 
I do hope BONZA is able to survive.
So far from what I hear in the industry, they are working well, providing exceptionally cheap fares, and providing a service the big players lack.
Was talking to someone who went to visit children in Byron Bay.
For $130 each way she drove from Tocumwal to Albury Airport, parked and had to walk less than 150 meters to the terminal, was very little queuing, plane on time, no crowds at Ballina destination, then a bus to Byron.
Not my ideal as I hate busses, but it is cheap.
Mick
Trouble is Mick the el cheapos don't seem to survive
 
The other i
No, they don't ... and usually because the gnome suddenly decides Albury to Ballina is unmet demand and will mesh quite nicely, and runs the aspirant out of town. Then shuts it down.
The other issue I have that causes my remaining teeth to grind is the cancellation of flights by the majors.
They deliberately schedule flights knowing they will be cancelled because of either crew shortages, lack of demand, or just because they can.
What this effectively does is tie up up the landing/takeoff slots so that the newbies or internationals cannot use them , this eliminating from the airport routes.
The airport managers don't care, they get paid for the slots anyway, so they will not kick up a stink.
Mick
 
The other i

The other issue I have that causes my remaining teeth to grind is the cancellation of flights by the majors.
They deliberately schedule flights knowing they will be cancelled because of either crew shortages, lack of demand, or just because they can.
What this effectively does is tie up up the landing/takeoff slots so that the newbies or internationals cannot use them , this eliminating from the airport routes.
The airport managers don't care, they get paid for the slots anyway, so they will not kick up a stink.
Mick
Serious changes need to be made in this regard.
 
Good evening

UBS analyst Andre Fromyhr says Qantas' trading update was overall positive, as strong trading conditions continue to drive earnings and cash flow beyond expectations. He notes that forward bookings appear positive so far, based on Qantas's reported intakes and the cash flow implied by its net debt guidance.

Mr Fromyhr stays neutral rated with a $7.60 target price.

On another note, the Transport Workers' Union is calling on Qantas to pay back $2.7bn of government handouts it received during the Covid-19 pandemic after the airline flagged a record underlying profit of up to $2.5bn for this financial year.

Have a nice night.

Kind regards
rcw1
 
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