Spin.
B767 soldier on until date unknown (personally I like them anyway!), B734s gone by end of this year, no word on JQ giving up A330's, the A333 and 332 reconfigs starting in late 2014. Good news on additional B738s and more B717's says FIFO charter and resource markets doing well. So not all bad news. Will be really intersting to see the $ numbers.
Subtext is: "We are starting to reconfigure our already outdated international product in 2014 so that it matches our competitors product that they already have now. Despite the market reaction we will try to sell our 2+3+2 Starclass A330 product as Business Class in transcon Aus services until the A332 reconfig is done, despite now knowing that VA have better A330s on the way. More domestic capacity required with the retirement of B767 fleet. Internationally - QFi is having its a#$% handed to it by competitors so the A332 and A333s are due for heavy and maintenence so lets stick QFi with those costs, after all we can't have JQ wearing those costs! All this is in reaction to poor fleet choices in the past as we invested in "hub busting" aircraft and now only have one capacity constrained hub (SYD), and we are still awaiting the B787 which we hope and pray will change all the known laws of economics when its introduced into service with JQ. Domestically - despite having problems with capacity/congestion and high labour costs in our hub of SYD we are going down the road of frequency and not capacity."
Confused - haven't they just upgraded their 767's (at a cost I assume) and now they're retiring them next year?
If you notice they say they are refurbishing 10 A333 and 20 A332 when they currently only have 9 A332 in the mainline fleet. That would indicate JQ aircraft coming back to QF mainline as the 787 is introduced.
IFE is being changed as well, more iPads??
Glad to hear that the B737-400s will be gone by the EOY.
If any AFF members are planning a farewell flight on the last B737-400 service, I will opt out now
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Group profit ultimately driven by Boeing 787 compensation.
F.
Group profit ultimately driven by Boeing 787 compensation.
Refurb of A330 not commencing until late 2014 finish??
Some more story telling by QF.
Group profit ultimately driven by Boeing 787 compensation.
Refurb of A330 not commencing until late 2014 finish??
Some more story telling by QF.
What if the unlikely event that it (787) never makes it back in the air?
Interesting reading.
The $100m compo is fair game as supposedly that's the agreement reached with Boeing on "profit" that QF would have made if the 787s had been on time. No doubt a huge spectrum for debate, and arguably that isnt just the amount in the reported financial year - I think they've fairly shown the $100m so not "hiding" it. But attributing it to one year is probably not a true reflection. But there's no other way to do it (unless payments are staggered from Boeing).
How many 763s were there in total (at peak) compared to 10 to service domestic and 20 to service Asia/international? Has anyone done the maths on what these numbers mean up against current 763/330 (combined) routes? All mention of domestic A330s on Transcon to PER (no mention of DRW routes, CNS, SYD-MEL-BNE etc). Will they be "segregating" the international 330s vs the domestic ones, or will it be an equal fitout allowing for subs?
Reports about no discussion with Boeing about delivery delays - it's hard to see how QF (read: JQ) will be getting the 788s on the current schedule (August 2013 iirc).
Even if the payments were staggered it is likely that they would have to recognise the revenue from Boeing as an asset and take the credit to income in the year that the compensation was committed by Boeing - it isn't like it is a service that will be provided over time.
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I think now is the perfect time to negotiate a good deal on some A350s. Looks like a beautiful plane to me and most importantly, it might not just be a "Dream" but actually fly in the real world! :shock:
What's to say they don't have the same issues as the Dreamliner? Lets not forget the 380 was not on time either...
That dream is already late in flying, if new designs were all the rage the 767 and 777 production lines would be very quiet.