ExecutiveStyle.com.au - How Alan Joyce faced down his critics and won

[Strategic Aviation]

How Alan Joyce faced down his critics and won - ExecutiveStyle

"I remember once," recalls Joyce. "I think it was 2013, I was on [TV show] Sunrise. They had done a poll that asked should I resign, and 98 per cent of their viewers at the time said I should. It was a crazy-high number. But my response at the time was that I work for the board and the shareholders, I am not a politician."

Share prices plummeted as low as 97 cents in the wake of the grounding, but the turnaround since then has been dramatic. Qantas is now one of the most profitable airlines in the world, with shares reaching a nine-year high of $6.45 in October.

"If you look at the past year we are the number one stock on the ASX 100, we are the number one airline stock that Bloomberg analyses, and the same is true over the past three years," says Joyce.

Such is the life of the boss of one of Australia's most famous companies; everyone has an opinion on how the company should be run. "People are passionate about the brand and people have ownership," he says. "You would rather be in that position than people not giving a damn. Just look at the media coverage of Qantas. When things are good, you get amazing coverage. And when it's bad, the coverage is very really bad. Take the arrival of Dreamliner as an example. We estimated we got $20 million of free publicity in Australia alone out of that aircraft."

You have to admire Joyce's sense of humour. Four years after that poll on Sunrise, the CEO has officially launched a project to secure that game-changing plane. It's called Project Sunrise.

Mildly interesting article. There used to be a lot of insult directed at Joyce circa 2011-2014. Don't see much of that anymore (give or take a pie), albeit there was a leprechaun reference as recently as September.

 

[RooFlyer]

Silly puff-piece.

Wonder if his annual remuneration review is coming up?

 

[Strategic Aviation]

Silly puff-piece.

Good thing it's called ExecutiveStyle and not ExecutiveSubstance

The other interesting thing was that when posting this topic, it was queued for moderator approval rather than appearing automatically. Never seen that before.

A safeguard against defamatory postings about AJ, or completely unrelated?

 

[AustraliaPoochie]

AJ has aged so much, since he started.
Strategic, it might be that there are/might be combination of words on here that are "red flags" in relation to AJ.

 

[Strategic Aviation]

Could it be leprechaun?

Nope, that comment posted automatically.

 

[oz_mark]

The other interesting thing was that when posting this topic, it was queued for moderator approval rather than appearing automatically. Never seen that before.

A safeguard against defamatory postings about AJ, or completely unrelated?

Not being a moderator, I don't know definitively, but it may just have been the link to the external website. Any spam protection mechanism sometimes gives a false positive....

 

[JohnK]

Must be due for another pay increase.

Oh and I've noticed more flights cancelled on my future bookings. More flights merged early creating lower supply but higher demand causing airfares to increase?

Yep he has done a great job for the board and the shareholders that bought at 97 cents. What happens when fuel starts going up?

 

[dk4]

Alan Joyce faced down his critics and won... because the price of fuel dropped (due to the USA's undeclared war with Saudi Arabia)... story ends.

 

[Deleted member 29185]

Alan Joyce will always be remembered as the vandal that damn near destroyed Qantas. Nothing more.