QAN - Qantas Airways

[skc]

Who flies Qantas internationally?

Considering the quality of their air hostess... those wives who don't want their husbands flying virgin.

Without the domestic ops Qantas would have been finished some time ago. The reality is that Qantas will either have to offshore their entire (with the exception of pilots) international ops or the government will need to subsidise them. I don't think it would actually be possible to split the international business out, government intervention aside, it would fail quickly. I can't imagine debt holders agreeing to carrying having their debt secured by a loss making operation.

No, but you can sell to the public much the same way that Jen Hawko sold Myer to a bunch of fools. And you can sort of blackmail the govn't into subsidies.

You've got quite the business brain sk. What did you do as a job before trading>?

I can tell you but I going have to kill you after that. Actually I was just rehashing what the private equity guys had in mind back in 2007.

I've got the 2 if you can kick in the 0.5

Deal. Let me just sell soome of my facebook shares first...

 

[Joules MM1]

and another one

Qantas Warns Earnings Could Plunge Up to 91%

http://online.wsj.com/article/SB100...575226026.html?mod=rss_whats_news_us_business

maybe they should go this way: http://news.nationalgeographic.com/...lse-test-flight-switzerland_54163_600x450.jpg

or this:
http://www.nytimes.com/2012/06/05/b...et-age.html?smid=tw-nytimesbusiness&seid=auto

better still, get into space, this ones a beaut:
http://www.cbsnews.com/video/watch/?id=7410538n&tag=contentBody;storyMediaBox

 

[McLovin]

No, but you can sell to the public much the same way that Jen Hawko sold Myer to a bunch of fools. And you can sort of blackmail the govn't into subsidies.

I was just thinking they'd split rather than sell the international ops. So, existing shareholders will hold shares in two companies, domestic and international. Sort of what I'd love CTX to do.

 

[CanOz]

QAN down again today...they must be looking attractive to a suitor soon?

CanOz

 

[prawn_86]

QAN down again today...they must be looking attractive to a suitor soon?

CanOz

I think a lot of PE firms looking at them would probably be put off by all the bs 'national carrier' protectionist laws in place.

 

[oldblue]

I think a lot of PE firms looking at them would probably be put off by all the bs 'national carrier' protectionist laws in place.

I agree with that. There must be a lot more attractive targets for PE than trying to make a silk purse out of that particular sow's ear. May have worked a few years ago but too many 'challenges' these days, methinks.

 

[McLovin]

I think a lot of PE firms looking at them would probably be put off by all the bs 'national carrier' protectionist laws in place.

I agree. Although it's not only the Qantas Sale Act that prevents it. Most bi-lateral "freedoms of the air" require the carrier to be locally owned. Otherwise you have effective cabotage.

I just don't see anyone who a) has the money and b) the desire to get involved in such a heavily regulated, CAPEX intensive business which seems to be constantly at war with someone. This might have made sense in 2006 when everyone was punch drunk on cheap debt and the sky was the limit but not any more.

 

[Boggo]

Copied this from an aviation site (pprune.org) where there are many and varied opinions.
This commentary is a summary of the reality of the overall plan that the industry is aware of and that VBA are basing their remodeling on.
The blaming of unions and everyone else within firing range is what the media love and is all that the public have to go on.

"No lads its not stupidity nor incompetence, it is simply following the Dixon plan of turning QF into JQ.
A new national carrier, born of the old one, run at half the price, employing Asian workers who have to be prepared to work for peanuts, all engineering done OS in Bucketstan, by poorly trained, to our standards, engineers.
The tech crew will stay Australian (the question is are they prepared to fly half serviced buckets of bolts) but of course there are always foreign pilots ready to be employed. Profits will rise, the shareholders will be happy, the CEO will get another bonus, until the inevitable, the first aircraft shaped smoking hole in the ground. Of course it will be the fault of the pilots who are probably deceased, or the hapless engineer who signed it out, but it will never be the fault of the management.
From the day the birth of JQ it was always the plan, and it is slowly coming to fruition, the wringing of the hands, the wiping of the brow by Joyce is worthy of a Oscar, the unions know it, the staff know it, but the public don't. Qantas will be no more than a brand name loved by the nation but will have as much relevance as Ansett and TAA do today.
Welcome to the bone yard QF to lie with your ex patriots, irrelevant, forgotten, destroyed by a bunch of carpetbaggers, men without soul, the greed of the shareholder, a fine airline with a proud record lies in the dust for no other reason than greed."

 

[Garpal Gumnut]

Thanks Boggo,

QF really is cactus. I will convert my ff points in to those dreadful toasters or coffee machines for Christmas presents to those I dislike. It may actually go **** up.

What is the alternative though, grinning adolescent bransoned monkeys on VA.

gg

 

[Boggo]

What is the alternative though, grinning adolescent bransoned monkeys on VA.

gg

May as well get used to it GG, its about as good as it will be.

From where I am sitting here in the almost full Cathay lounge in HKG aviation seems to be alive and well.
Families with kids travelling business class between Zurich and HKG makes you wonder why there is a race to the bottom in Aust to get people off the firefly coaches and on to Airbusse's, I would have thought that numbers of dollars would be a priority over numbers of cheap fare passengers.

 

[Smurf1976]

What is the alternative though, grinning adolescent bransoned monkeys on VA.

They're not perfect (nobody is) but VA has obviously put a lot of effort into creating a more professional image in recent times. Not perfect, but they are clearly heading in the right direction (better) versus QF (worse).

 

[McLovin]

From where I am sitting here in the almost full Cathay lounge in HKG aviation seems to be alive and well.

That lounge is f**ked. It's so overcrowded these days. I was travelling through in December and the Wing/Pier and the Cabin were all standing room only. When you're plonking down $8-10k for a ticket you'd expect somewhere to sit. I ended up in the empty Qantas Club.

When it starts to get overcrowded they should enforce the no economy and no OneWorld pax rule.

 

[Garpal Gumnut]

May as well get used to it GG, its about as good as it will be.

From where I am sitting here in the almost full Cathay lounge in HKG aviation seems to be alive and well.
Families with kids travelling business class between Zurich and HKG makes you wonder why there is a race to the bottom in Aust to get people off the firefly coaches and on to Airbusse's, I would have thought that numbers of dollars would be a priority over numbers of cheap fare passengers.

Agree.

gg

They're not perfect (nobody is) but VA has obviously put a lot of effort into creating a more professional image in recent times. Not perfect, but they are clearly heading in the right direction (better) versus QF (worse).

Not that I ever want to be in a critical situation, but I'd trust QF staff before the programmed monkeys.

gg

 

[Boggo]

That lounge is f**ked. It's so overcrowded these days. I was travelling through in December and the Wing/Pier and the Cabin were all standing room only. When you're plonking down $8-10k for a ticket you'd expect somewhere to sit. I ended up in the empty Qantas Club.

Depends on which one of the three you are in, upstairs in the one that is between gates 1 and 2 is always the best.

 

[Garpal Gumnut]

That lounge is f**ked. It's so overcrowded these days. I was travelling through in December and the Wing/Pier and the Cabin were all standing room only. When you're plonking down $8-10k for a ticket you'd expect somewhere to sit. I ended up in the empty Qantas Club.

When it starts to get overcrowded they should enforce the no economy and no OneWorld pax rule.

Agree mate, I prefer couth tired smelly people any day of the week, on any continent. You should have complained. Last time that happened to me I scored 1A.

gg

 

[CanOz]

Qantas is expensive to run. What do you expect when you pay so many so much! Yet the rest of Asia enjoys a great safety record too, while paying fair rates to their staff....go figure....whose greedy?

CanOz

 

[oldblue]

CanOz hits the nail on the head, IMO. It's a bit like the 'buying on the internet' dilemma. We all like the cheaper prices but can't have them without impacting on local businesses and employment. Inevitably, we put our own interests first, buying at the best price on the net and flying with the best price from wherever.

 

[jank]

Chickens coming home to roost?

Australia is just too expensive an envirnoment at the moment.

 

[skc]

QAN breaking the buck... just imagine the media coming up with all sorts of headlines like "Low flying object" and "QAN crashes to the ground".

People are running scared about the prospect of a cap raising?

 

[notting]

QAN breaking the buck... just imagine the media coming up with all sorts of headlines like "Low flying object" and "QAN crashes to the ground".

People are running scared about the prospect of a cap raising?

Perfect no crash record destroyed!
Gonna have to buy it, when it looks like it's sitting on the ocean bed however.
The entire front end of the craft has fallen off and the back end engines are stiill powering what's left of the terrified passangers toward the heavens.
Of course, the unions are calling it a slide of hand. If only they were on it!