COMPETITION FOR QANTAS
Had former CEO Geoff Dickson, his worthless board of directors and kiss-ass management team got their way and sold the company to a bunch of private equity thugs who were 100% financing the deal, Qantas would today be out of business. Why? Because if it weren’t for their strong balance sheet, there would be no [...]
NO QUESTION TIMES ARE GETTING TOUGHER
Business is continuing to shrink and while President Obama sees glimmers of hope that certainly does not extend to forwarding. Qantas admitted yesterday that the lack of business class travelers and international freight was the root cause in another round of layoffs, this time shedding nearly 2,000, (including 500 management jobs) from its 34,000 workforce, [...]
SOUNDS ODD BUT SPACE TO SOME DESTINATIONS MAY TIGHTEN UP
Apparently every Chinaman has experienced such a good 2008; their New Year’s celebrations started early and are finishing later. The result is few aircraft are presently finding loads out of China and because Australia ferries many flights ex USA through that country to Asia, most carriers are canceling flights because of no back haul to [...]
QANTAS-BRITISH AIRWAYS MERGER MAKES SENSE
I have long advocated that there is too much sensitivity and protectionism when it comes to how governments view their national carriers. Every nation, right down to tiny Nauru Island (population less than 10,000) has an international airline. Most are government-owned and if they aren’t, the largest shareholder is the government. The vast majority of [...]
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