QF CEO speech - dom fare restructure/profit update/RR settlement& Int Route changes?

[Nigelinoz]

re: QF CEO speech - dom fare restructure/profit update/RR settlement& Int Route changes?

Oh well,at least they are still making a profit,and in the aviation industry that's an achievement in itself,could be so much better though.
Cheers
N'oz

 

[anat0l]

re: QF CEO speech - dom fare restructure/profit update/RR settlement& Int Route changes?

Oh well,at least they are still making a profit,and in the aviation industry that's an achievement in itself,could be so much better though.

If Qantas was an American carrier, sure that's an achievement. Anywhere else - nothing to write home about. Mind you, if Qantas was making a loss, that would be a very good reason to string up Joyce and hang him.

And you are right: it could be so much better.

 

[Danger]

re: QF CEO speech - dom fare restructure/profit update/RR settlement& Int Route changes?

Qantas to cut back long haul services | Flight Centric News | FC News | Flight Centric

 

[Nigelinoz]

re: QF CEO speech - dom fare restructure/profit update/RR settlement& Int Route changes?

If Qantas was an American carrier, sure that's an achievement. Anywhere else - nothing to write home about. Mind you, if Qantas was making a loss, that would be a very good reason to string up Joyce and hang him.

And you are right: it could be so much better.

Maybe not great when compared to an airline like Emirates but better than Virgin,I'm sure John Borghetti would love to announce a $500M profit.
Cheers
n'oz

 

[anat0l]

re: QF CEO speech - dom fare restructure/profit update/RR settlement& Int Route changes?

Maybe not great when compared to an airline like Emirates but better than Virgin,I'm sure John Borghetti would love to announce a $500M profit.

Give them enough time and Virgin will shoot through well. Comparing profitability across Qantas and Virgin is rather apples and oranges, but who really cares? On the merits of Qantas and its potential, profit is not really a problem compared to how it is achieving it at the expense of passenger base, public image and long term resilience.

 

[TonyHancock]

re: QF CEO speech - dom fare restructure/profit update/RR settlement& Int Route changes?

Are any of the news channels covering Joyce's speech?

 

[medhead]

Are any of the news channels covering Joyce's speech?

It's national press club so should be on ABC

 

[Joshua]

re: QF CEO speech - dom fare restructure/profit update/RR settlement& Int Route changes?

Are any of the news channels covering Joyce's speech?

ABC shows the National Press Club addresses in full, so an hour of AJ if you're up for it.

Edit: beaten.

But you can see it live, *now* on ABC News 24

http://www.abc.net.au/news/abcnews24/

 

[Danger]

re: QF CEO speech - dom fare restructure/profit update/RR settlement& Int Route changes?

Now live on Sky.

"Great to be here in Australia's capital talking about Australia's Qantas". Interesting start.

 

[markis10]

re: QF CEO speech - dom fare restructure/profit update/RR settlement& Int Route changes?

Its pretty much running to the script predicted!

 

[Danger]

re: QF CEO speech - dom fare restructure/profit update/RR settlement& Int Route changes?

"We're the only airline that is and of Australia."

• Recalling when QF put a plane into Egypt for the evac.
• Not many brands that make an "attachment" to Australians.
• "We're part of the liveblood of the Australian economy, liveblood and culture."
• "We very much regret the trouble it's [ash cloud] caused our passengers."
• Drove from Melbourne to Sydney over the weekend after the disruptions.
• Five minutes in there's been two feelgood stories from passengers (stories that he's heard and re-told, one on Egypt and one on the ash cloud).

 

[anat0l]

re: QF CEO speech - dom fare restructure/profit update/RR settlement& Int Route changes?

@AusBT is providing a tweet-feed of the address as it goes to air.

Frankly if the tweets are what Joyce is saying then half of it is hot air and DU'H! material. Where's the ability to slap someone hard over the back of the head when you need it....

 

[anat0l]

re: QF CEO speech - dom fare restructure/profit update/RR settlement& Int Route changes?

Don't like where this is going - last tweet:

"We have changed with the times -- now the challenge is to build the Qantas of our times".

Please don't tell me this means Jetstar is the way to go, i.e. this is the "new airline required for the times". Because you've got to be joking me...

 

[Danger]

re: QF CEO speech - dom fare restructure/profit update/RR settlement& Int Route changes?

Alan Joyce at National Press Club:

• "For more than 90 years QF has stayed in business by being ready to change."
• "We have changed with the times. Now the challenge is to build the QF of our times."
• "I also want to foreshadow an announcement."\
• Reached a compo agreement with RR, extensive negotiations, RR has committed to a settlement of $95m, this was only signed at 11.30am this morning (applause), details confidential but pleased with the outcome, $135m cost of repairing aircraft is covered by insurance, aircraft will not be back in operation until at least Feb next year.

 

[Nigelinoz]

re: QF CEO speech - dom fare restructure/profit update/RR settlement& Int Route changes?

"Foreshadowing a major announcement"
Maybe a capital raising ?

 

[yohy?!]

re: QF CEO speech - dom fare restructure/profit update/RR settlement& Int Route changes?

"Spin Spin, Sugar"

 

[Danger]

re: QF CEO speech - dom fare restructure/profit update/RR settlement& Int Route changes?

Alan Joyce at National Press Club:

• Underlying profit before tax of $500m to $550m, the best result since the GFC and "reflects the deep underlying strength of the QF group and its portfolio".
• Capital expenditure $2.5b forecast for next fin year.
• "Our result this year will be achieved despite the $206m impact of weather and natural disasters" including est. $21m caused by volcano (up to 20 June).
• "On QF alone, 120k pax affected, 80k on JQ, volcano in Iceland disrupted 14k QF pax.

 

[anat0l]

re: QF CEO speech - dom fare restructure/profit update/RR settlement& Int Route changes?

Can someone please remind the Qantas CEO that natural disasters and what not are no excuse for not providing an adequate airline with good service?

Trying to cover the veil of "unprofitability" and everything else with complaining about ME competition and fuel costs with the reasons of volcanoes, ash cloud and floods is cheap, cowardly, ineffective, un-Australian and unethical.

 

[Danger]

re: QF CEO speech - dom fare restructure/profit update/RR settlement& Int Route changes?

Alan Joyce at National Press Club:

• This year QF international will produce a pre-tax loss of ~$200m.
• "Weakness of this one area of our business really highlights the strength of the rest".
• "We're a standout in the aviation world . . ."
• "Our portfolio is strong. We made the right decision . . . with JQ, JQi and JQ franchises in Asia. JQ is making a strong profit. It is a high growth business."
• "The plan by SQ to start up their own low-cost airline . . . is a nod at our strategic forethought".

 

[markis10]

re: QF CEO speech - dom fare restructure/profit update/RR settlement& Int Route changes?

Jetstar is our star - yawn! New domestic fare structure and FF changes!