Qantas to split into domestic and international

[Shannow]

http://www.dailytelegraph.com.au/busines...3-1226363196852

Announced yesterday that end of financial year, Qantas will split into two separate companies, one domestic Oz, and the other international.

Guess it will prevent them locking out domestic pilots and staff when they are bluing with the international pilots, which is a good thing.

Will be interesting to see what happens to the maintenance, staffing and viability of the two companies...guessing that "the spirit of Australia" will be largely offshore staffed offshore.

Interesting on morning news, spokesman talking about fuel costs being a driver, and the interviwer cut him short..."Aren't all the airlines exposed to the same fuel costs ?"...quiet pause, then change of subject.

 

[dparm]

Originally Posted By: Shannow

Interesting on morning news, spokesman talking about fuel costs being a driver, and the interviwer cut him short..."Aren't all the airlines exposed to the same fuel costs ?"...quiet pause, then change of subject.



Not if you're Southwest Airlines.

 

[simple_gifts]

To hedge, or not to hedge; That is the question.

 

[Brons2]

Originally Posted By: Shannow
http://www.dailytelegraph.com.au/busines...3-1226363196852

Announced yesterday that end of financial year, Qantas will split into two separate companies, one domestic Oz, and the other international.

Guess it will prevent them locking out domestic pilots and staff when they are bluing with the international pilots, which is a good thing.

Will be interesting to see what happens to the maintenance, staffing and viability of the two companies...guessing that "the spirit of Australia" will be largely offshore staffed offshore.

Interesting on morning news, spokesman talking about fuel costs being a driver, and the interviwer cut him short..."Aren't all the airlines exposed to the same fuel costs ?"...quiet pause, then change of subject.


Qantas has been hurt badly by their failure in the early 00's to order any widebodies in the 300-400 seat range i.e. 777 or A340, and more recently by the delays in the 787 program.

They are stuck with the with a capacity gap between the A330 and the 747. And on long range international, really their smallest plane is the 747. It's made many of their former long-range routes, especially to Europe, unsustainable.

Meanwhile, Emirates 777 fleet is closing in on 100 strong, if not there already. SQ is also a major 777 customer, as is CX.

 

[Astro14]

Originally Posted By: simple_gifts
To hedge, or not to hedge; That is the question.


There are actually years when the Southwest Airline operation lost money...but the hedging made far more...and the company turned a profit...hedging on oil can mitigate risk...it's not all "evil speculators"...

 

[Chris Meutsch]

Originally Posted By: dparm
Originally Posted By: Shannow

Interesting on morning news, spokesman talking about fuel costs being a driver, and the interviwer cut him short..."Aren't all the airlines exposed to the same fuel costs ?"...quiet pause, then change of subject.



Not if you're Southwest Airlines.



And Delta. Funny, just posted this about the Ford blue oval link. Delta purchased their own oil refinery to lower costs.

 

[97prizm]

Actually Southwests fuel hedging was up over 8 months ago. Their prices have risen significasntly over the last quarter. I'm an airline management student soon to graduate. My class has talked extensively about this.-MAlcolm

 

[Astro14]

I didn't know that airline management was actually taught...

Looking at their dismal performance, poor decisions and utter lack of leadership, I figured that they were all automobile or hotel industry drop-outs...

Look at Glenn Tilton at UAL: oil guy, knew nothing, did little except destroy morale and package the company up for merger, and got $100 million in the process.

Look at UAL's new CEO - Jeff Smisek: lawyer, doesn't understand leadership, thinks that by offering prizes (instead of competitive pay, job security, contracts), employees will work harder, he's smarmy and disingenuine, hasn't deliverd on any of his merger promises; to investors, to employees or to passengers, gets booed by passengers when he speaks during the safety video.

And for that performance, he gets $17 million/year...

Any Second Lieutentant in the USMC has better leadership qualities than any of these clowns will have in their entire life...