Qantas rolls out Classic Plus Flight Rewards

[Laptop Jockey]

Ultimately it's the shareholders who make the call. Turns out, people want a better return on their investment than subsidising travellers.

The real question is, would doing what you've outlined give them a better ROI.

The whole system of publically traded companies is fundamentally broken and entirely driven by speculation on short term (quarterly and annual) growth figures. It isn't even about annual or even quarterly profit figures any more, it is just speculative short term trading. The best evidence of this perversion is how often company's announce profits and share prices go down because they weren't as high as investors speculated they would be. Exec boards are primarily incentivised to demonstrate short term stock price growth, typically as a major part of their remuneration. Combine that with the lack of organic hiring and personnel growth, we've created a system of people parachuting in, pumping up short term speculative stock prices and leaving.
The stock price is simply a graph of stock brokers happiness, and we've enslaved the entire economy to this in ways never seen in four hundred years of stock trading.

 

[CaptJCool]

Qantas product is ….

Drum roll

It’s share price

It just happens to run A few planes to exotic places

Flying planes or carrying passengers ?

Convincing people to give you $$$$ out their own. Pocket is the game

By intermittent re-inforcement, unpredictable op-ups, reward tics etc, you gamify the experience and voila, hooked, trauma bonded

 

[Daver6]

The whole system of publically traded companies is fundamentally broken and entirely driven by speculation on short term (quarterly and annual) growth figures. It isn't even about annual or even quarterly profit figures any more, it is just speculative short term trading. The best evidence of this perversion is how often company's announce profits and share prices go down because they weren't as high as investors speculated they would be. Exec boards are primarily incentivised to demonstrate short term stock price growth, typically as a major part of their remuneration. Combine that with the lack of organic hiring and personnel growth, we've created a system of people parachuting in, pumping up short term speculative stock prices and leaving.
The stock price is simply a graph of stock brokers happiness, and we've enslaved the entire economy to this in ways never seen in four hundred years of stock trading.

I don't think that's entirely accurate. When companies announce profits and the share price takes a dive, it isn't "because they weren't as high as investors speculated they would be" but rather the company provides guidance to the market and when the profit is lower than the company expected, is when the price drops.

 

[Laptop Jockey]

I don't think that's entirely accurate. When companies announce profits and the share price takes a dive, it isn't "because they weren't as high as investors speculated they would be" but rather the company provides guidance to the market and when the profit is lower than the company expected, is when the price drops.

This is also correct that failure to achieve estimates will cause a drop, but it is absolutely both. Speculation that the guidance is conservative and results will be higher is what it is based on.

 

[FlyingKangaroo]

I don't think that's entirely accurate. When companies announce profits and the share price takes a dive, it isn't "because they weren't as high as investors speculated they would be" but rather the company provides guidance to the market and when the profit is lower than the company expected, is when the price drops.

The companies and the people who run them, of course, also speculating about what they hope will happen. Sure, they do so using data of varying quality and that's meant to at least not be fraudulent, but at the end of the day, it's a casino. This game just involves a bit more skill than the purely luck-based pokies.

And when the consequences of too many cycles of short-term cost-cutting finally catch up, you can just try your luck to launder the company through administration and start clean all over again. If it fails, there are usually no consequences for management in the moment anyway (after all, the decisions that led to the failure weren't their fault; that was 3 CEOs ago), and off they go to the next one.

 

[Doctore1003]

The whole system of publically traded companies is fundamentally broken and entirely driven by speculation on short term (quarterly and annual) growth figures. It isn't even about annual or even quarterly profit figures any more, it is just speculative short term trading. The best evidence of this perversion is how often company's announce profits and share prices go down because they weren't as high as investors speculated they would be. Exec boards are primarily incentivised to demonstrate short term stock price growth, typically as a major part of their remuneration. Combine that with the lack of organic hiring and personnel growth, we've created a system of people parachuting in, pumping up short term speculative stock prices and leaving.
The stock price is simply a graph of stock brokers happiness, and we've enslaved the entire economy to this in ways never seen in four hundred years of stock trading.

Capital markets are very useful and not the problem.

Lack of competition and entrenched monopolies, duopolies and oligopolies across the economy are the problem.

Qantas gets away with so much because it’s so powerful in the air travel and loyalty program markets.

 

[Berlin]

Okay, so after this (certainly mildly interesting) discourse in capitalism’s pros and cons, what was this thread about again? Oh yes, Qantas Classic “Plus” awards

 

[CaptJCool]

Okay, so after this (certainly mildly interesting) discourse in capitalism’s pros and cons, what was this thread about again? Oh yes, Qantas Classic “Plus” awards

“Capitalist” plus awards

The rewards for share holders delight