Qantas told to clarify its plans for Asia

[The Rok]

Qantas under pressure

QANTAS is under pressure to offer more clarity about its expansion in Asia as it faces the double-whammy of high fuel prices and economic upheaval in Europe weakening demand for travel in other markets.

The national carrier has been leaning towards Malaysia as a base for a premium airline joint venture with Malaysia Airlines, but will not offer investors details about its plans for at least a month.

http://m.smh.com.au/business/qantas-told-to-clarify-its-plans-for-asia-20120115-1q180.html

 

[Major]

Qantas is under pressure to offer more clarity about its expansion in Asia as it faces the double-whammy of high fuel prices and economic upheaval in Europe weakening demand for travel in other markets.
The Age - 16th Jan 2012 - Matt O'Sullivan
Qantas is under pressure to offer more clarity about its expansion in Asia as it faces the double-whammy of high fuel prices and economic upheaval in Europe weakening demand for travel in other markets.
QANTAS is under pressure to offer more clarity about its expansion in Asia as it faces the double-whammy of high fuel prices and economic upheaval in Europe weakening demand for travel in other markets.
The national carrier has been leaning towards Malaysia as a base for a premium airline joint venture with Malaysia Airlines, but will not offer investors details about its plans for at least a month.
Macquarie Equities said uncertainties over Qantas' plans to set up a hub for a new premium carrier in south-east Asia ''only serve to complicate the investment thesis''.


Read more:

http://www.theage.com.au/business/qantas-told-to-clarify-its-plans-for-asia-20120115-1q180.html

 

[TheInsider]

Sadly even the front line staff don't think anything will be happening, and once again JQ will be the only carrier that will benefit.

 

[docjames]

I'm wondering how the laws regarding ASX updating / market information relate to this plan. Whilst its been broadly mentioned, the lack of specifics could put QF in an interesting position re:market manipulation and keeping the market updated.

 

[elbarto]

Sadly even the front line staff don't think anything will be happening, and once again JQ will be the only carrier that will benefit.

You're probably right. It's all talk and no substance to this 'strategy'. Alan Joyce isn't the person to develop and execute a strategy for such an expansion.

 

[delfredo]

I'm wondering how the laws regarding ASX updating / market information relate to this plan. Whilst its been broadly mentioned, the lack of specifics could put QF in an interesting position re:market manipulation and keeping the market updated.

You're not obliged to reveal information that might jeopardise your competitive edge. Remember, this is a strategic move by the company. You don't reveal the details to the competitors until you seal the deal.

I can't see how the current situation is being seen as manipulating the market movement.