Australia's iconic airline on life support

[stui magpie]

He isn't being paid this obscene amount of money to produce cost decreases THIS finacial year, not next year, 5 or even 10 years down the track. The pilots and ground crew WANT the Airline to prosper in the future, it's their career they are fighting for after-all.
Can Joyce say the same?

As i said before, QANTAS pulled the pin. The unions have been negotiating since last June with the airline refusing to give an inch on any claim EXCEPT that that $5 million pay-rise to Joyce!

It has nothing to with safety.

industry experts are all saying what the unions are asking for is too much.
Im no expert, but the general concession is if it gets to arbitration the unions would loose. How would the airline prosper under those conditions ?

The unions have been negotiating WHILE taking strike action. Great tactic that has now just been called.

To be fair, unions taking industrial action during negotiations is pretty standard. What they weren't expecting is the employer to choose to respond with a lockout. While it's a legitimate legal industrial tactic, it's not used often in Australia.

[MJ23]

^ dont disagree, strike action though for most other companies do not cost them what it has cost Qantas. Not to mention the share price considering this is just one part of their whole buisness.
Qantas international lost 200mil out of a portfolio that overall made money.
Jetstar made money and as a low cost operator competing in that market cannot afford to pay theyre pilots $35k a year more.

The lock-out tactic is to either force arbitration in which they are confident of winning OR force a perm termination of ALL industrial action - again a win. This is what Gillards act allows for.

[HAL]

What makes it impossible?

[Black_White]

6 months of industrial action by the unions, resulting in 6 hours of airline disruption.
Pay rise to Irish git.
Unions not happy say they may up the 6 hours of disruption.
Irish git reacts by locking out all employees of Qantas. Even those who only work the domestic arm. The domestic arm of Qantas is not scheduled for pay talks until next September! So why are they locked out?

There is a deeper agenda at work here. Qantas is required by law to be 49% Australian owned. The move by the Irish git is to force to Government to change this law.
Qantas is profitable domestically but is losing money internationally. So grounding the domestic fleet makes no sense unless you want to sell off the unprofitable arm.

[stui magpie]

For those interested.

http://www.qantas.com.au/infodetail/abo ... Report.pdf

[Black_White]

For those interested.

http://www.qantas.com.au/infodetail/abo ... Report.pdf

Looks healthy. Have you got one that's not a year out of date?

[stui magpie]

For those interested.

http://www.qantas.com.au/infodetail/abo ... Report.pdf

Looks healthy. Have you got one that's not a year out of date?

That's the most recent one I can find. Feel free to search yourself if you like.

[Black_White]

[Black_White]

For those interested.

http://www.qantas.com.au/infodetail/abo ... Report.pdf

Looks healthy. Have you got one that's not a year out of date?

That's the most recent one I can find. Feel free to search yourself if you like.

Not that hard really;
http://www.qantas.com.au/infodetail/abo ... Report.pdf

[stui magpie]

^

Feb 2008 for the IT article?

[Black_White]

^

Feb 2008 for the IT article?

Yes, and it has only been July this year that the first, yes first, stage of Marlin has gone live. Such is the incompetency of the Qantas contracted IT suppliers.

Oh, and I see why you decided to only link to 2010 annual report with it's paltry 67 million dollar profit compared to 2011 reporting a 228 million dollar profit.
Good to see the reward for tripling profit was a 71% increase in wage for the CEO and a lockout for the people who actually made it.

[stui magpie]

Lots of stuff in the annual report other than profit. Make of it what you will, I put it up with no context.

[MJ23]

6 months of industrial action by the unions, resulting in 6 hours of airline disruption.
Pay rise to Irish git.
Unions not happy say they may up the 6 hours of disruption.
Irish git reacts by locking out all employees of Qantas. Even those who only work the domestic arm. The domestic arm of Qantas is not scheduled for pay talks until next September! So why are they locked out?

There is a deeper agenda at work here. Qantas is required by law to be 49% Australian owned. The move by the Irish git is to force to Government to change this law.
Qantas is profitable domestically but is losing money internationally. So grounding the domestic fleet makes no sense unless you want to sell off the unprofitable arm.

6 hours in six months causing $70mil loss not including devalued shares.
No dividends paid to the share holders.
Un-certain future as to when the next 6 hours will happen.
The deeper agenda you talk about in my view is 100% correct and the unions are helping them get there. Ultimately the share holders are all the board will and wants to care about.
This will earn him another pay rise.

[MJ23]

Lots of stuff in the annual report other than profit. Make of it what you will, I put it up with no context.

yep, its the one I read.
can see why they do NOT want jestar rolled into qantas eba

[Black_White]

6 hours in six months causing $70mil loss not including devalued shares.

Figures not confirmed in any annual report. So take with a grain of salt.

No dividends paid to the share holders.

A planned tactic for the war that they were planning to wage. And no correlation to the "$70 million in lost revenue" lie.

Un-certain future as to when the next 6 hours will happen.

True, but when you start a war........

The deeper agenda you talk about in my view is 100% correct and the unions are helping them get there. Ultimately the share holders are all the board will and wants to care about.
This will earn him another pay rise.

I would expect his next rise is already linked to his ability to shed staff and move jobs offshore. As Australians we should be horrified. It appears not all of us are.