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QAN - Qantas Airways
- Thread starter GreatPig
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B787 News after a long delay. When will Qantas received theirs?
http://www.bloomberg.com/news/2011-...ts-in-japan-signal-jet-delay-almost-over.html
http://www.bloomberg.com/news/2011-...ts-in-japan-signal-jet-delay-almost-over.html
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Worth a visit perhaps, at least for the other side of the story as opposed to the Qantas media dept.
http://qantaspilots.com.au/
http://qantaspilots.com.au/
franklin235
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Looks like we're heading to Asia now.
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QAN - qantas
Qantas fleet grounded indefinitely. Mr Joyce has some seriously big ba**s to make a move like this. It could very well break the airline. On the other hand it may be a very smart move, and the only way to rectify the ongoing turmoil caused by the strikes.
http://www.heraldsun.com.au/news/mo...passengers-today/story-fn7x8me2-1226180030416
Fingers crossed the unions come to the table before 8pm monday. Thoughts?
Qantas fleet grounded indefinitely. Mr Joyce has some seriously big ba**s to make a move like this. It could very well break the airline. On the other hand it may be a very smart move, and the only way to rectify the ongoing turmoil caused by the strikes.
http://www.heraldsun.com.au/news/mo...passengers-today/story-fn7x8me2-1226180030416
Fingers crossed the unions come to the table before 8pm monday. Thoughts?
After the AGM two of the unions reaffirmed they will continue and even escalate their industrial action well into next year.
I think the unions have been making out they are only "lightly cooking" Qantas, for public relations reasons, hence the 1 hr work stoppages.
But the real damage to Qantas is not the cancelled flights for that day, but the drop in advanced bookings, something like 25 to 30 % now for some regions.
Lets face it, if you want to go on that dream holiday, you will be thinking twice about flying with Qantas if there is a threat of union action.
So while the damage to their reputation will be big and its a big gamble, i think Qantas management had to do something. Thats why Alan Joyce gets paid big $.
It will be interesting to watch their share price on Monday. Maybe the market has factored something like this into the price already, but i still think its not going to be pretty.
I think the unions have been making out they are only "lightly cooking" Qantas, for public relations reasons, hence the 1 hr work stoppages.
But the real damage to Qantas is not the cancelled flights for that day, but the drop in advanced bookings, something like 25 to 30 % now for some regions.
Lets face it, if you want to go on that dream holiday, you will be thinking twice about flying with Qantas if there is a threat of union action.
So while the damage to their reputation will be big and its a big gamble, i think Qantas management had to do something. Thats why Alan Joyce gets paid big $.
It will be interesting to watch their share price on Monday. Maybe the market has factored something like this into the price already, but i still think its not going to be pretty.
Whiskers
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That's true. Joyce is obviously frustrated with the forecast revenue based on consumer surveys, BUT...
Joyce got paid big bonus bucks because certain performance targets were met. What exactly is in his salary performance bonus requirements for this year and next?
Big bucks does not necessairly equal best interests of the compant, better performance for the company, better returns for the shareholders or service for customers. Sometimes it's only an inducement for someone to take on a risky strategy, often fraught with illegality, to meet a certain end.
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So what do we think QAN will open at on Monday? 0.97 is my guess 
:
:So what do we think QAN will open at on Monday? 0.97 is my guess
$1.30? LOL
The AGM held was the funniest thing I've seen all year!
"Please note, Mr Joyce is NOT wearing a bullet proof vest"
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My guess is a trading halt.
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They'll probably rename the carrier in an effort to mask it's history. Probably a name like Ansett
...oh,.. wait!
...oh,.. wait!
prawn_86
Mod: Call me Dendrobranchiata
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OK so before this grounding they were saying the diputes were costing them $15m a week. What i am wondering is how much the pay raises everyone is asking for would cost them per week??
If the cost of the raises was less than $15m pw surely it makes sense to agree?
Now with the grounding it just shows that Aussie travellers are pretty screwed longer term with no airline able to be trusted, and no airline ombudsman in place travellers are completely at the airlines mercy.
If the cost of the raises was less than $15m pw surely it makes sense to agree?
Now with the grounding it just shows that Aussie travellers are pretty screwed longer term with no airline able to be trusted, and no airline ombudsman in place travellers are completely at the airlines mercy.
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Pay rises would be for life which is not the case of the cost to Qantas for the grounding.
I hope Qantas stick to their guns in the face of these union thugs. Having said that, Joyce is having a laugh with that bonus.
Joyce has no choice, if he gives in to their demands the long germ outlook for the company is not looking good. Big changes are needed and the unions dont get that if they dont stop being morons then all of them wont have any job.
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No worries the government has plenty of money to make sure they are compensated.
I say we bail them out.
Think of the carbon gas savings.
Pay is not the sticking point. The Unions want to stop having their jobs outsourced to cheap overseas labour. Their choice is to go down fighting or to pick up a redundancy package one day soon. I would have liked to have seen Alan Joyce anounce this the day before the AGM!
I'm considering investing substantially in Qantas this week. It's risky but if they resolve the industrial disputes this week and expand into Asia over the coming years it might be the perfect time to jump in. What are the chances that Qantas will return to $2+ in the coming months?
prawn_86
Mod: Call me Dendrobranchiata
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The cost of reputational and brand damage caused by this is for life, or at least 20+ years. They have done it once, whats to stop them doing it whenever someone wants a pay rise? Unfortunately there is an airline oligolopoly in Aus, but international travellers will be sure to think carefully
We are flying internationally with Qantas next yr and are thinking of changing carriers
The cost of reputational and brand damage caused by this is for life, or at least 20+ years. They have done it once, whats to stop them doing it whenever someone wants a pay rise? Unfortunately there is an airline oligolopoly in Aus, but international travellers will be sure to think carefully
We are flying internationally with Qantas next yr and are thinking of changing carriers
People forget things pretty quickly. Once the smoke settles down it'll be fine
prawn_86
Mod: Call me Dendrobranchiata
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Dont bet on it, especially for international tourists with more options than our domestic routes. 'Brand' is a valuable (if undefinable) asset for a business and somehting like this will always be in the back of people mind, or even sub-conscious when booking for years to come
