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Qantas Town Hall meeting hears of $720 million group loss

According to some present Qantas Group CEO Alan Joyce has told attendees at a recent ‘town hall’ style meeting with employees that the company will lose around $720 million in the current financial year, which closes on 30 June.

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Qantas versus Piloting excellence-the axe swings again

Qantas pilots have received an email from Chief Pilot Dick Tobiano saying a ‘significant number’ of pilots will be hit by demotions in the ranks of Captains and First Officers to be announced tomorrow Thursday 5 June.

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Qantas capacity cuts will not ‘save’ the airline

By deciding not to grow available seats faster than available passengers Qantas aims to prevent further loss of value in a game where it cannot survive in the form that it’s in today.

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Qantas group CEO Joyce says 65% line ‘misinterpreted’

Commentary Having walked away from the critical importance of its credit ratings, which Qantas lost early this year, its group CEO Alan Joyce has now retreated from the importance of maintaining a 65 percent domestic market share.

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Qantas: So broken it can’t afford to sack the unwanted?

Commentary The downside of downsizing is gripping Qantas.  The intrinsic value of the enterprise is being run down by its dropping of under utilized pilots and the shrinkage of its network to the point where half of the country no longer has Qantas international services.

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Qantas drops pilots, refuses to counter rumours

Updated with Qantas response* When a company stops defending itself against allegations that its finances have seriously deteriorated, as Qantas has today, it is reasonable to assume that the claims have some substance. 

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Etihad flies into space left in Perth market by Qantas exit

With painful timing for Qantas watchers Virgin Australia’s part owner Etihad Airways has been schmoozing influential tourism and trade executives from Perth in Abu Dhabi the day after the WA tourism and business community was told by Qantas Group CEO Alan Joyce it was in effect unworthy of its international services.

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Qantas tells WA it’s unworthy of international services

Commentary Qantas group CEO Alan Joyce appears to have just told a luncheon in Perth that ‘it’s all your fault’ that the resource capital of Australia no longer has any of its international services on a year long basis.

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Qantas responds to incorrect Senate committee claims

In the aftermath of today’s Senate committee hearings Qantas has decided to channel the ABC’s Fact Checker feature and respond to a number of assertions made against it.

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Qantas CEO Joyce: “We’re a national strategic asset”

Qantas Group CEO Alan Joyce today made its case to be a national strategic asset when appearing before a Senate Committee inquiring into The future of Qantas as a strong national carrier supporting jobs in Australia.

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Emirates says Qantas has been very good for its earnings

Well done Mr Joyce and Mr Clifford. What a disgraceful and inexcusable cop out.

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Qantas group CEO Alan Joyce goes into full thrust reverse

The loudest noise in the Qantas faux crisis this morning is the sound of its group CEO Alan Joyce in full reverse thrust mode contradicting his earlier statements and pleadings.

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Did Qantas attempt grand larceny under cover of a ‘crisis’?

Opinion Everything that happened in the so called Qantas crisis today would support a suspicion that the airline’s management attempted to touch the public purse for $3 billion to distract attention from a sorry record of inept leadership.

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Qantas: Joyce ducks questions on splitting airline

Qantas group CEO Alan Joyce avoided re-committing to a split of Qantas into separate domestic and international airlines in a tightly managed press conference in Sydney this afternoon.

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Qantas figures take a disturbing turn

Several troubling financial matters are of concern in the Qantas situation today.

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Qantas should end special pleading says former media executive

Writing as a friend, former Qantas communications head David Epstein, has given a fierce perspective on the messaging mistakes made by embattled Qantas group CEO Alan Joyce.

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Did liquidity risk make Qantas seek $6-7 billion debt deal?

Another reason for Qantas urgently but unsuccessfully seeking $6-7 billion in a government debt guarantee might be found in major shorter term debt repayments and billions of dollars in capital that are variously buried in the accounts or do not appear in the group’s balance sheet.

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Hockey’s hint: Qantas wanted $7 bn guarantee to smash competitors

Commentary Treasurer Joe Hockey last night put a Qantas debt guarantee as high as $6-7 billion, a bold bid by the managerially crippled carrier to use government support to smash its competitors. It’s no wonder Cabinet threw it out

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