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QAN - Qantas Airways

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QAN is introducing a yearly account keeping fee for Bronze (ie lowest level) frequent flyers...It's arguably the worst FF program in the world. I'm glad I switched to American Airlines years ago. Better earn/burn and no fuel fines on awards.
 
McLovin said:
QAN is introducing a yearly account keeping fee for Bronze (ie lowest level) frequent flyers...It's arguably the worst FF program in the world. I'm glad I switched to American Airlines years ago. Better earn/burn and no fuel fines on awards.
Click to expand...

Fair dinkum, they are a bunch of tight wads. I will be blowing my points on a free bee next year and then I will also look for someone else. Yeah, I'm a Bronze member and if they start charging fees then it's just not worth me being a FF member anymore.
 
Bill M said:
Fair dinkum, they are a bunch of tight wads. I will be blowing my points on a free bee next year and then I will also look for someone else. Yeah, I'm a Bronze member and if they start charging fees then it's just not worth me being a FF member anymore.
Click to expand...

If you earn most of your miles from flying instead of spending then check out AA.

Here's the two points tables for comparison...

http://www.qantas.com.au/fflyer/dyn/program/usingPoints/pointsTables#jump3

http://www.aa.com/i18n/disclaimers/aadvantageAllPartnerChart.jsp

With AAdvantage, I can fly Sydney-London in business class for fewer points that it would cost using QF FF in economy. That would be flying on any oneworld airline, ie either QF/BA/Cathay/JAL. As you move up cabins it gets even better. First class on AAdvantage costs 160k points return Syd-Lon but with QF FF it would cost 384k. It's a no brainer really. Taxes and fuel fines are paid by AA but with QF FF you have to pay them. Also AA allows you to purchase 45,000 miles/year (usually they have bonuses when you buy the miles too). This can really work out well as it can mean the difference between economy and business on a longhaul flight

Sorry, I relise this is pretty OT.:)
 
"200 Qantas line maintenance jobs cut in Sydney; 250 contractors at Avalon in Victoria; About 50 jobs elsewhere, including Richmond; 100 new jobs created in Brisbane"

Ouch. I wonder how this will affect the share prices in the near future?
 
Klogg said:
Given their return on equity, I'd argue you're better off holding cash in a term deposit...
Click to expand...

100% correct QAN is rubbish & the share price will continue to go down...

perfect example of how to lose money buy QAN...bank pays a better return...
 
Looks like they're losing a fair bit of market share....It'll be interesting to see how this pans out over the next 12-18 months. My theory on why they're doing so poorly on the Oz-Singapore route is that a lot of regional headquarters are there and a) biz pax heading to Singapore have a woeful Qantas timetable to deal with b) for biz pax on their way to London, they're more likely to have biz stopovers in Singapore than in Dubai. In which case Singapore Airlines (or even BA) is better.

2012 numbers...

2012_Qan.jpg2012_BA.jpg

2013 numbers...

2013_Qan.jpg2013_BA.jpg

(my highlighting)
 
Qantas has always been going down.

Jetstar is where the growth is here.

That's where the airline business has been going, towards cheaper flights.
Jetstar asia has increased it's Singapore passengers a lot.


McLovin said:
Looks like they're losing a fair bit of market share....It'll be interesting to see how this pans out over the next 12-18 months. My theory on why they're doing so poorly on the Oz-Singapore route is that a lot of regional headquarters are there and a) biz pax heading to Singapore have a woeful Qantas timetable to deal with b) for biz pax on their way to London, they're more likely to have biz stopovers in Singapore than in Dubai. In which case Singapore Airlines (or even BA) is better.

2012 numbers...

View attachment 53184View attachment 53185

2013 numbers...

View attachment 53186View attachment 53187

(my highlighting)
Click to expand...
 
niknah said:
Qantas has always been going down.

Jetstar is where the growth is here.

That's where the airline business has been going, towards cheaper flights.
Jetstar asia has increased it's Singapore passengers a lot.
Click to expand...

Per the tables I posted, Jetstar has been reducing capacity into Singapore, not increasing it.
 
Interesting bit of accounting "liberalism" here...

To more appropriately align the Qantas Group’s revenue re
cognition and liability measurement estimates with ticket terms
and conditions and historic experienc
e, revenue increased by $134 million fo
r the year ended 30 June 2013 through a
reduction in revenue received in advance.
Click to expand...

Now, if my reading of the accounts is correct, this amount was included in the "underlying NPAT" calculation, even though it is very much a one off boost. If it's true then the underlying result (which isn't worth the paper it's written on, IMO) was worse than last year's.

ETA: As an anecdote, I took a Qantas flight from Singapore to Sydney a few weeks ago and the plane was nearly empty, which wasn't surprising given the awful timing of the flight for business traffic. Apparently loads are way down to many ports in Asia since the Emirates deal.
 
McLovin said:
Fair point.

Personally, I think Qantas is shooting themselves in the foot with the Jetstarisation of Qantas routes.
Click to expand...

Dont think they have a choice, all airline around the world, the only profitable one are the low cost one :)
 
I assume the $106 million carbon tax would not apply to their competitors and wouldn't help the bottom line.

Cheers
Country Lad
 

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