liparj
Member
- Joined
- Jul 16, 2008
- Posts
- 141
Sad indictment of the move by pax to the LCC's and of course this is hurting QF.
From an economic viewpoint, doesn't look like the turn around is anytime soon, so the red numbers from INTL will continue.
Feel for Simon Hickey...
This is what happens when you effectively only serve three Australian cities. SQ, CX, EK etc all serve more Australian cities than QFi (our home airline) does.
EK has flights into Australia from DXB and via SIN, KUL and BKK plus the AU-NZ tags.EK is a little bit of a dark horse since it takes advantage of 5th freedom rights, even then pretty much all of their flights are extensions of DXB services, eg DXB - xSYD - AKL. It's just they allow people to fly only the SYD-AKL sector. (I believe there is a SIN service in there as well, thus the reason they are a dark horse).
EK has flights into Australia from DXB and via SIN, KUL and BKK plus the AU-NZ tags.
EK is a little bit of a dark horse since it takes advantage of 5th freedom rights, even then pretty much all of their flights are extensions of DXB services, eg DXB - xSYD - AKL. It's just they allow people to fly only the SYD-AKL sector. (I believe there is a SIN service in there as well, thus the reason they are a dark horse).
EK has flights into Australia from DXB and via SIN, KUL and BKK plus the AU-NZ tags.
AFF Supporters can remove this and all advertisements
The ultimate test of an airlines success is profit, not any other form of yield. If JQ was profitable, then the leakage from QF to them over the years would be justifiably shown in the Group profitibility numbers (excluding abnormals) for their international operations.I don't think it's as bad as it's painted, yes the selective figures on market segment share changes over ten years are not great but that's not the ultimate litmus test when it comes to an airlines success. Recent monthly figures show QFi as being a good performer when it comes to year on year comparisons across the Qantas group for passenger numbers and yield increases. The announcement of extra seasonal capacity and activation on a seasonal basis of VCV indicate further optimism.
Yet QF are not allowed to fly via SIN or BKK or anywhere in Asia to Europe under the EK agreement!!
The ultimate test of an airlines success is profit, not any other form of yield. If JQ was profitable, then the leakage from QF to them over the years would be justifiably shown in the Group profitibility numbers (excluding abnormals) for their international operations.
The ultimate test of an airlines success is profit, not any other form of yield. If JQ was profitable, then the leakage from QF to them over the years would be justifiably shown in the Group profitibility numbers (excluding abnormals) for their international operations.
Well it looks like they are passing that test!
http://www.asx.com.au/asxpdf/20141024/pdf/42t4tz4f7kht01.pdf
Is QF out of the red so far this financial year????
Yes! It is just too good to believe