Rivals may challenge Joyce’s Qantas plan

[el_rooto]

Rivals may challenge Joyce’s Qantas plan

Former Qantas Airways finance chief Peter Gregg and venture capitalist Mark Carnegie have held discussions with key investors and unions as they consider a rival plan to challenge chief executive Alan Joyce’s strategy for the national carrier.

This sounds good to me, increased frequencies into asia, etc.

 

[moa999]

If I was the Board at Leighton would not be happy with the CFO moonlighting.

But I actually see much of this in Joyce's strategy.
We know Asia will be retimed if EK is approved.

JQ only has 11 A330s, expansion appears to have slowed... 3K hasn't taken any as was initially thought... Now more competition from SIN with Scoot... 15 787s on order... Could well be some spare.

Time will tell.

In any event expect another good day for the Qantas shareprice.

 

[The Rok]

I think a lot of people know that Qantas is on the verge of an explosion, a good one... Over the coming years we have:
New planes
EK Allisnce
More focus on Asia
Lower costs due to cost saving measures

As a result QF will very soon start posting impressing profits and an increase in the share price, now everybody wants to get in and get a piece of the pie.

Supposing they removed AJ, what then, they take credit for all the improvements after Sir AJ took all the flak during the tough times for making decisions?

Get a life, QF is doing just fine and the current strategy will work, Sir AJ has and is doing a good job!

 

[Geegeela]

Consortium in bid to stake Qantas claim

QANTAS management has hunkered down amid a renewed attempt by some of Australia's best-connected businessmen to secure a cornerstone stake and overhaul the airline.

Read more: Consortium in bid to stake Qantas claim

Maybe Emirates Alliance not all clear skys.

 

[nlagalle]

Re: Consortium in bid to stake Qantas claim

QANTAS management has hunkered down amid a renewed attempt by some of Australia's best-connected businessmen to secure a cornerstone stake and overhaul the airline.

Read more: Consortium in bid to stake Qantas claim

Maybe Emirates Alliance not all clear skys.

So the same group that wanted to flog of QF to a private equity group now want to buy in.... IMO they are partly to blame for some of QF's current woes..

 

[el_rooto]

Re: Consortium in bid to stake Qantas claim

Both Dixon and Gregg reckon a meaningful alliance with Cathay would be a better option, just as Hong Kong would be a better hub for Qantas than Emirates Dubai. They reckon too that the only way to recover share price momentum is to grow the core business franchise.

Ghosts of tilts past stalk Joyce


This is like music to my ears. I'd much rather a CX alliance than one with EK... Or why not both? I also agree strongly with this:

To Joyce’s significant personal pain, his old mate and former boss Dixon has been unusually public in his criticism of the Emirates deal. Dixon hates the idea, telling anyone in the industry who will listen that Qantas will end up becoming one book end in the Emirates growth strategy.

 

[el_rooto]

Perhaps we should get these two threads merged.

 

[nlagalle]

This is like music to my ears. I'd much rather a CX alliance than one with EK... Or why not both? I also agree strongly with this:

If CX is such a good option, why didn't Dixon chase it years ago when he was CEO???

 

[browski]

Supposing they removed AJ, what then, they take credit for all the improvements after Sir AJ took all the flak during the tough times for making decisions?

Get a life, QF is doing just fine and the current strategy will work, Sir AJ has and is doing a good job!

AJ has done a deplorable job for most or his tenure; that's why both their profitability and share price has tanked.
However, IMO, the recent EK deal is his finest hour, and he should be allowed to see it through.

 

[cmon0005]

I think floating the FF business would be a disaster, although it is a highly profitable arm, (which is only because of the current structure and integration of QFF and Qantas itself as an interlocked unit, lots of people are loyal to this structure).
A floated QFF would probably be restructured to be more of a "points burning shop" rather than a flying with Qantas loyalty tool.

Just my opinion, hope it never happens as I love QFF the way it is and ensures my loyalty to Qantas in its current form.

 

[dajop]

AJ has done a deplorable job for most or his tenure; that's why both their profitability and share price has tanked.

To be fair, the job he's done is not the only reason why profitability and share price has tanked. His tenure has coincided with the GFC and gutting of premium travel (at least temporarily), entry of additional competitors into the most profitable international market (DL/VA on transpac) and decision by DJ to seriously go after QF's bread and butter - domestic corporates. Really, unless he could work miracles with a company that had rested on its laurels on the back of a near monopoly in the domestic business travel market and being the dominant player in the transpac duopoly, it was always going to be down down down. One can only speculate whether he exacerbated the slide, and if so by how much.

 

[harvyk]

AJ has done a deplorable job for most or his tenure; that's why both their profitability and share price has tanked.
However, IMO, the recent EK deal is his finest hour, and he should be allowed to see it through.

Couldn't agree more... Despite the fact that AJ has not been the best choice to lead QF up until now, he has put into motions something which may very well be QFi's savoir.