ozglobal
Posts: 2517
Joined: Tue Nov 09, 2004 7:33 am

QF Want To Have Their Cake And Eat It.

Wed Feb 22, 2006 12:28 pm

Or as they say here in France, "to have the butter, the money for the butter and the dairy farmer's daughter as well..."

Two consecutive press releases on the QF website:

Sydney, 16 February 2006
Qantas Results for the Half Year Ended 31 December 2005
Qantas today announced a profit before tax of $483.5 million for the half-year ended 31 December 2005, a 3.4 per cent decrease on the half-year to 31 December 2004.

Sydney, 21 February 2006
Qantas Welcomes Government Decision
Qantas today welcomed the Federal Government's decision not to grant trans-Pacific access to Singapore Airlines following a comprehensive review of Australia's aviation policy.


They may be one of my favorite airlines, but I struggle when they cut service levels or staff, whilst reporting record profit levels and lobbing for ongoing protection from competitors. Are they alone? No, but does that make me any more sypathetic?

[Edited 2006-02-22 04:38:34]
When all's said and done, there'll be more said than done.
 
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mariner
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RE: QF Want To Have Their Cake And Eat It.

Wed Feb 22, 2006 12:40 pm

Yes. Okay. They can. Why not?

As the saying goes, when Qantas sneezes, Canberra catches a cold.

Qantas has a duty to their shareholders to push for as much as they can get.

You may not like it, but you cannot blame Qantas for doing what their charter requires them to do.

cheres

mariner
aeternum nauta
 
m404
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RE: QF Want To Have Their Cake And Eat It.

Wed Feb 22, 2006 12:57 pm

More power to them. That's the name of the game if you can.
Less sarcasm and more thought equal better understanding
 
aussiestu
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RE: QF Want To Have Their Cake And Eat It.

Wed Feb 22, 2006 6:35 pm

Got to agree. Try to eliminate your competition any way you can. As a QF share holder I am more than happy with these results.
 
ANother
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RE: QF Want To Have Their Cake And Eat It.

Wed Feb 22, 2006 7:00 pm

It is still a bilateral world with airlines operating to/from their home countries with very limited 'other' operations. While I think that all governments to give up their silly ownership and control rules and 'designations' it would be unfair to their airlines, their economy, and ultilmately their voters for Australia to go it alone.

Let's not pick on Qantas, the problem is with the system created by governments. The airline industry needs less regulation (in everything but safety) but it can't be achieved market-by-market.
 
SA7700
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RE: QF Want To Have Their Cake And Eat It.

Wed Feb 22, 2006 7:40 pm

Quoting Mariner (Reply 1):
Qantas has a duty to their shareholders to push for as much as they can get.

You may not like it, but you cannot blame Qantas for doing what their charter requires them to do.

What is their charter, to rob pax blind? Take the South Africa / Australia market for instance: SA and QF have a cosy codeshare relationship in place, with no other alternative than to fly via the Middle-or Far East.

Whilst there are some lower fares available in the off-season, generally a ticket from JNB-SYD in economy class can cost you up to USD2000,00 in peak season. To make matters worse, this is a discounted Y-class fare. For the "privilege" to fly on a non-stop flight, I am prepared to pay this price, although I find it quite steep if you take into account that the exact same ticket cost about USD1000,00 five years ago, when QF and SA started codesharing.

Just my  twocents 


Rgds

SA7700
When you are doing stuff that nobody has done before, there is no manual – Kevin McCloud (Grand Designs)
 
anstar
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RE: QF Want To Have Their Cake And Eat It.

Wed Feb 22, 2006 8:55 pm

Quoting ANother (Reply 4):
It is still a bilateral world with airlines operating to/from their home countries with very limited 'other' operations. While I think that all governments to give up their silly ownership and control rules and 'designations' it would be unfair to their airlines, their economy, and ultilmately their voters for Australia to go it alone.

Let's not pick on Qantas, the problem is with the system created by governments. The airline industry needs less regulation (in everything but safety) but it can't be achieved market-by-market.

Totally Agree!

Let's not forget that they also have 100 odd 787's to fund from Cahs flow, so they had better keep making these profits!

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