Qantas safety incident explained: What is a 'stick shaker' and how serious is this investigation? Updated Fri 14 Apr
Qantas will take action to permanently reduce costs in all parts of the Qantas Group through to FY17, including fleet and network changes, productivity improvements, consolidation of business activities, new technology and procurement savings. The broader structural review of the Qantas Group portfolio continues and no final decisions have been made on other assets.
Chief Executive Officer Alan Joyce opens in new window opens in new window said Qantas would do everything in its control to overcome some of the toughest market conditions it had ever faced. This is an unacceptable and unsustainable result.
Comprehensive action is needed in response. Over the past four years, we have been carrying out the biggest transformation since Qantas was privatised — cutting comparable unit costs1 by 19 per cent over four years, introducing new aircraft and technology on a large scale, modernising work practices and revitalising service.
But this is not enough for the circumstances we now face. That capital injection has supported continued domestic capacity growth by Virgin Australia despite its growing losses.
But our focus today is on the immediate steps that Qantas must take. We must defer growth and cut back where we can, so that we can invest where we need to. Safety remains our first priority and we are committed to being the airlines of choice for customers in all our markets.
In Singapore, growth has been suspended by the Jetstar Asia Board until such time as conditions improve. Thanks to the skill and commitment of our people, we have earned record customer advocacy, and we plan to keep it there.
Qantas Domestic will increase utilisation of narrow-body aircraft, allowing Airbus A aircraft in the domestic market to concentrate solely on East-West services and peak services on the Sydney-Melbourne-Brisbane triangle.
As will be freed up to enter the Qantas International fleet as replacement aircraft, helping to accelerate the retirement of older Boeing aircraft. Nine reconfigured Bs with Astandard interiors will remain.
The final three of 14 Jetstar Bs on firm order will be deferred. In total, more than 50 aircraft will be deferred or sold. Over the next 12 months, Qantas will exit underperforming routes and make aircraft changes on certain routes to better match capacity to demand. There are no changes to overall capacity on London flights.
The Melbourne-London service change frees up an A for additional flying, and Qantas will evaluate opportunities to use the aircraft on other routes.
Workforce Changes Over the next three years, Qantas will reduce employee numbers across the Group by the equivalent of 5, full-time positions, through measures including: Reduction of management and non-operational roles by 1, Operational positions affected by fleet and network changes.
Restructure of line maintenance operations. The closure of Avalon maintenance base, as previously announced. Restructure of catering facilities including the closure of Adelaide catering, as previously announced. The wage freeze for executives implemented in December will continue and will be extended to all Qantas Group employees.
The wage freeze will be: Immediate for open EBAs. Proposed for other EBA-covered staff. This is in addition to the reduction of fees paid to the Qantas board and a reduction in the take home pay of the Qantas CEO by 36 per cent this financial year.
No pay rises or bonuses will be contemplated until Qantas is profitable again on a full-year Underlying PBT basis.
Mr Joyce said these were hard but necessary decisions to protect as many Qantas jobs as possible and build a strong business for the future. Qantas will maintain flexibility to make further changes if needed. Transformation through FY17 will be funded through the reprioritisation of capital, future free cash flow as benefits from the cost reduction program begin to flow, and asset sales.Qantas Airline Twitter Nosedive Case Analysis.
The case ‘Qantas Airlines: Twitter nosedive’ talks about troubles that the airline faced in the past years. Recently the company made a social media faux pas announcing a twitter contest omitting the bad situation the company is in at the moment.
For the dissatisfied customers it was a great. In , after 90 years of successful operations, Qantas had expanded to become Australia’s largest domestic and international airline, carrying more than million passengers each year to destinations in 42 countries, operating an average of 5, flights each week.
Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News. The following entry is a record in the “Catalogue of Catastrophe” - a list of failed and troubled projects from around the world.
Qantas - Australian airline Project name: Jetsmart Date: Feb Cost:$40M Synopsis: "Jetsmart" engineering parts management system is renamed "Dumbjet" by a. Yes, we gave an award to Qantas for their work with handling the Chilean volcanic ash crises through social media last month, at SimpliFlying Awards for Social Media pfmlures.com when you win an award, you should be expected to do more of the same things better.
Qantas was founded in Winton, Queensland on 16 November by Hudson Fysh, Paul McGinness and Fergus McMaster as Queensland and Northern Territory Aerial Services Limited. The airline's first aircraft was an Avro pfmlures.com Queensland and Northern Territory Aerial Services Ltd had its headquarters in Winton before moving to Longreach, Queensland in and Brisbane, Queensland .