|Quoting koruman (Reply 281):|
I agree with mariner - Alan Joyce certainly took an adventurous approach. But it could not really have backfired any more spectacularly than it now is.
Beat me too it:
|Quoting sydscott (Reply 283):|
I disagree. What Qantas has now is certainty that if it can't reach the deal it wants then Fair Work Australia will arbitrate the matter. There is no way on earth that Fair Work Australia will put job security clauses into a contract so what's more likely to happen is that they will take the elements that QF and the Unions agree to, which is essentially everything else, and make that the contract.
While this might not be the best PR
, was grounding the airline ever going to be popular? They might have been able to reduce the effect, but it was always going to be big. Basically, AJ
and management have decided that a bad PR
for a month or two (people forget quickly, whether you like it or not) than have 12 months of bad PR
(sure, you can say that people would blame the unions, but they would still blame QF
for not giving in). Ultimately, whether AJ
plan was right or wrong is up to you, but he has definitely 'won' what he was trying to achieve.
|Quoting Zkpilot (Reply 287):|
In many ways it is becoming clearer that AJ (and LC etc) are just doing almost exactly the same thing but in a sneakier way. Instead of selling Qantas to private equity, they are doing it by stealth... ie transferring its assets effectively to JQ, setting up a new Asia airline and nipping away at Qantas... (the death by a thousand cuts AJ quotes actually sounds more accurate about himself). The end result is that JQ, Jetstar Asia, Jetstar Japan, Qantas Asia can all be sold off (with no restrictions from the Qantas Sales Act), from there that money is simply paid out as a special dividend (AJ and co will of course get an extra multi-million dollar bonus from the profits of such a sale). That just leaves Qantas all alone with little cash on hand, old assets (or leased assets...conveniently from Geoff Dixon), and a small market share internationally. They can sell Qantas domestic off to private equity (no restriction there as its the international side of things that are restricted by the Qantas Sales Act). From there they just walk away as the airline is worthless (debts, no assets etc) and leave it up to the taxpayer by way of government to pick up the pieces.
That is my theory on what is going on in AJ mind.
Oh please, that is so beyond ridiculous. Yes, QF
is setting up QFAsia to boost profits, as it did with JQ
, JQAsia and soon to be JQ
Japan, however, this will only boost the QF
group on the whole. QF
International doesnt have to be unprofitable, sure maybe only a few core roots will be operated, but something obviously isnt working at the moment, so it has to be fixed. Even then, however, I cant see routes such as NRT
going, and I would expect PEK
to be back soon (and lets not forget trans tasman flying).
hasnt come into this to destroy QF
, but to rebuild it and make it (and its subsidiaries) more profitable. Destroying QF
isnt how that would be occur.