Bloomberg Turnaround: Qantas
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- เผยแพร่เมื่อ 6 มิ.ย. 2019
- Against a backdrop of slumping profits and debilitating industrial action, in October 2011 Qantas CEO Alan Joyce grounded all the airline's planes in Australia and around the world. Bloomberg's David Tweed looks at how Joyce's drastic actions then were instrumental to the revival of Australia's national carrier and what drives his decision-making today. (Source: Bloomberg)
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Aus v Joyce 2014: Get rid of this crazy Irishman
Aus v Joyce 2019: Give this guy whatever he wants
@@lukeskywalker3329 - Im sure you have brought items which were manufactured in countries which abuse and criminalise LGBT people.
With an Emirates plane flying overhead at 0:32!! lol
That probably is a part of the reason Qantas is afloat today :P Code share partners to the middle east!
Alex Kostoff its how every airline is alive, you cant fly without codeshares anymore
Yes, Qantas are playing second fiddle to a Middle Eastern airline and is most fortunately be able to do so.
@@nickwaller3823 absolutely!
Hah saw that and wondered as well
A very good strategy lesson: Michael Porter-Competitive Strategy/Advantage.
Only in Newspeak would you consider a leadership team where approximately 47% of the population, namely straight men, aren't represented to be "diverse".
My late partner worked for Qantas for nearly 20 years. She worked on the level below Joyce's office, and said he was what you'd expect from anyone who reached that position; driven, ambitious, workaholic. She said the place had its ups and downs, but the support she received from HR leading to her leaving due to terminal illness (an unfortunate term in an airline video, lol) couldn't be faulted. They even offered her voluntary redundancy so she could get a payout.
Like most large businesses there will be fans and haters. The turnabout spoken about in this video certainly is impressive in hard financial terms. As with any large changes, however, some will feel they were unjustly screwed. Joyce is certainly correct about it not being a popularity contest.
I fully agree. He seems like he is a great leader as well.
well said-only pessimists will not appreciate his efforts
Alan Joyce is a germ on Australian society.... The majority of Australians see him as a vile and corrupt human being that only looks after those that support his agenda..... He may have looked after your wife, and I offer my sincerest condolences for your loss, but if she did not support his ideals he would have left her for dead.... That's just the type of being he is and there is no disputing that 🙏
God bless your late wife 💒
He did an amazing job considering the circumstances
He did an amazing job and he is so damn cute to go!
@@pekenjos you want to take a ride on his Hershey Highway don't you, you little sicko 😲
Jy is 'n kak!😆
😂😂😂😂😂
@@pekenjos try your cross dressing in his partner countries . I would like the snuff film of that . 😁😂🤣😃😄😁😀😅😊🐨☺
I`d love to see a CEO like Joyce to become the CEO of my country`s national airline.
Careful what you wish for. Joyce lines his own pockets very nicely and much of the turnaround is pure chance. Everyone at QF just loves Alan so much, oh they drool over what an ethical man he is, yes indeed.
Dongone ?Why to you walk like you are in pain ?
Really? The guy cuts his staff and outsources them, creates a management vs worker culture all while pocketing $20 million a year for himself. He ruins livelihoods just to make himself rich. You do not want that.
Well, they managed to choose GE engines instead of RR Trent for the B787 fleet. I'd imagine Norwegian and Air NZ among others wish they had gone with GE now!
Just realized what QANTAS stands for. :D
A savvy Business Graduate, less than 30 years old, could have done the exact same thing as Joyce at 90% less.....
irish-oz accent is confusing
His accent, even in Ireland, is bog Irish.
thats no irish-oz accent thats a tallaght accent
Alan Joyce, excellant ceo. Well Done Sir.
Hahahaha
One of the greatest airline turnarounds anywhere in the world and, yes, by a gay immigrant. Does anyone want to show any support for this guy or is it only the trolls that read the TH-cam comments?
Ksjtrv Vldjtb I will give him a thumbs up 👍
What does being gay or an immigrant have to do with this? You are trying to bring sexual orientation and ethnicity into the conversation for no reason at all.
Ksjtrv Vldjtb Why woukd anyone support that muppet? Qantas had brand recognition and was something Australia was proud for, now its just another bigman screwing the little guys story, bullshitting how hard it is to make money and giving himself a raise....
It's easy to save money when you offshore jobs to third world slaves. But it makes you a scab. In this case, a fudge packing scab.
Qantas is a great airline but it’s cost of domestic flights in Australia is very disappointing.
hrmm, you sure they cancelled the perth to singapore route....its a regular, ive used it this year ans last...
Kudos to Joyce taking a paycut. I wish CEOs in the US did the same when business is bad and their employees are hurting
You will never see that kind of thing with Doug Parker and his posse at the "New American Airlines."
It's something you don't hear about in the US and the rest of the world, but back in Australia. It's known that Qantas has had some issues, which haven't settled well with a lot of people!
Yes.... Alan Joyce has a few gay groupies in Australia but the majority would not piss on the guy if he was burning to death !! Actually, the majority would throw petrol on him if the opportunity ever presented itself 💥
Don't be fooled by the Media's bullshit stories.... Lol
Are you kidding check the news for how much this man pocketed last year . Facts talk,
Daniel Weiss
There are many CEOs in the USA who cut their salaries to $1 per year and took stock options and grants instead of salaries. Two notable examples are:
Gordon Bethune at Continental Airlines back in the 1990’s. He then turned Continental around from worst to best before he retired.
Steve Jobs did this at Apple when returned in 1997.
When CEO’s do this, they go to true performance based pay. Of course, that performance is based on what they can do to increase revenue and earnings that increase stock prices. Unfortunately, this is a double edge sword because to turnaround a floundering company often requires reorganization and cuts to expenses including cutting employees since payroll and benefits is often a major company expense.
To be frank he is a very good CEO !
And very good looking!
@@pekenjos does shit taste as bad as it smells ??
Is he your "daddy" ???
0:00 until 0:06 Does anyone know what is the title of the song?
Handy Wijaya no
I would like to know too.
2013 cancelled the Perth-Singapore Route because it was unprofitable ... WTF?
Operating it daily is unprofitable. Unless you can fill up seats you can’t make your money’s worth and you’re competing with other airlines that offer the same route at lower prices.
It operates now, on an adjusted schedule and using a smaller aircraft some days a week
Thai Airways needs this kinda CEO !!! #thaiairways
DJ Freddie M. It’s not going to happen since it’s government controlled. Strong good CEOs never last long in those environments
@@johniii8147 Shit as ay
Al pal's irony. He doesn't see himself as a bully. What an ignoramus. He has lucked out on decreasing fuel costs, nothing else. There isn't a single QF person I have ever spoken to who have anything positive to say about him. A grub, well and truly.
I agree . Emirates and all the Islamic countries including our poor lil rescued Kuwait , arrest , harrass , torture and execute homosexuals.
Also if women report being raped. They are arrested and imprisoned .
I just flew to eastern Europe via Air France through China , Paris then my destinations. Saved time and money . Not to mention with not having to cope with the rude and intolerant practices of backward destinations that lack civility . Oh . And also not Supporting thar TRAITOR Joyce and how he has run down our flagship . Well the Air France liner still had wings and engine attached on landing . Unlike Emirates or qantas kites . No crappy halal fare that gives a commission to ISIS either .
Nor rude Jetstar staff that overload your section of overhead locker . Even throwing my correctly stowed coat on the floor and trampling it . Then answering me back when I asked her to return it back and stop trampling on it . No she wasn't even wearing a burka . But she sounded like it .
is that humpty dumpty?
Just imagine mini golden helicopter golden bricks mould put in Arcylic box at your living hall, cool right ? Buy lah !
Lol probably THE most or seccond most expensive part of an airline, the maintenance, has 20 seconds of time. the rest seems like advertising. Not much in regard to a tv show.
I fly anything else . Maintenance has been cut to the bone . At least the engine and wings of the Air France were still on as I landed in Paris. Didn't have to cope with stopping by backward places where the hate us and the halal fees fund ISIS .
Well they didn't tell you the bonuses haven't been paid to some employees
@Keynesian Economics are U saying Qantas group like Jetstar and others are not generating revenue?, you know nothing boi.
Big losses before CEO's and their mates try to buy things hmmm............Look at Hills Ltd. CEO killed it to buy it and now it's shite all 'round.
Well they are not Singapore Airlines thats for sure
You’re right. They’re even better.
@@springbok4015 Whatever makes you sleep better at night.
I've flown Emirates, Etihad, Qatar, BA, Singapore and Qantas. Without a doubt Qantas is the best
@@omega1maestro Yea okay buddy, come back to me when QF actually wins "Airline of the Year' awards regularly over atleast a decade.
@@omega1maestro I've flown QF a couple of times. They're solid, but they are not the best.
The secret? They stopped paying their taxes? ;P
I mean its kinda true
I like the idea of 1% saving, unfortunately, the percentage may not increase and for qantas employee (1 million) is too much bounce (a pool of money). Instead of saving, qantas has to think about making (increase profit) because the percentage in this side would double or triple which range between (20% - 30%).
I love Qantas.
The older flight crews haven't a good word to say about the guy, Also my ex neighbour who is a pilot for Qantas told me that international Jetstar planes where filling up there planes using Qantas fuel accounts so they looked better on the books as he was trying to take Qantas off shore with all maintance done overseas, till the Government stepped in. If he took a 33% drop in pay he sure has made up for it now.
Well done Alan Joyce from a fellow Dubliner, nice job!!
Hated in Australia sorry to say
Hakencruz because Australia is insular and uncompetitive, you need to bring in foreigners to get the job done properly. What a bunch of whingers! 😂
Joyce is a legend and a gent.
@@hifives2 Oh really? After saving your national airline? Lol
The level of this Bloomberg format is a shame for a business orientated audience. No numbers, no analysis, no real information. Talks at a regulars table level. Total waste of time to watch this if you are interested in the "Turnaround".
Yes Dorno, everyone wishes they could be a 'businessman' like you. Caring about numbers and money and nothing else. All else to you Alex, is of course a waste of time. What a wonderful perspective. Explains how their is so much inequity in the world, when all business people care about is numbers and rorting consumers while lining their own pockets.
So proud of Qantas
Employees seem pretty content..
Alan Joyce is not easy on the eye.
Alan Joyce has done a brilliant job keeping Qantas afloat whether you like him or not you can't help but admit that Qantas would have gone under if he didn't make the hard decisions he has done in the past!! SUCK IT UP PRINCESSES A 'GAY MAN' SAVED QANTAS!!...LOL, I love flying Qantas especially Business class and using the lounges every time I fly. What tops it off is when I have a car who picks me up for flying business! LOVE the staff and it's service!!
It's not hard to cut staff to keep a business afloat. A 10 year old could figure that out.
What an airline! 7 hrs flight w/o amenity kit.
Every airline doesn’t give an ammenity kit. If they do it’s socks and eye mask.
Alan Joyce is a manipulative man - sending an email to Rugby Australia telling them if they don't fire Folau he'll cut the sponsorship. He needs to resign from the position immediately. He does not deserve his position as CEO if he uses his power and his companies money for personal bigoted reasons.
Role of The Australia Government with respect to the price Qantas paid in interest on their debt?
Memerlukan lebih ramai orang jadi sebarkan video ini lebih banyak
David Weed
4 females and 3 gay men.....
The board has 11 on it. I’m not sure what point you are trying to make with this comment!
👌🏻👌🏻👌🏻
U want it to be fucked by gay men but u couldn't find 1
So much diversity, can't wait till full diversity when it's just all gay men and women
No involvement from China? Perfect storm from Bejing? HOPE NOT!
How did Joyce do it? By treating his staff like shit - QF72 crew still haven’t been looked after by Qantas. Disgusting.
Lmao oh, Qantas must be a corporation then, no?
Kiedis-Haze they have a duty to look after their employees. Which they haven’t done in the case of QF72
D B then go work somewhere else, no?
@Dave Daniels Classy.
One sided falsely upbeat video.. There are only two main domestic Air carriers in Australia.. one is the international Virgin carrier which has been around under two decades, where as Qantas is regarded as a national icon so has firm support. I believe they dont even make money on international flights due to the competition. All he did was some basic restructuring, and the lower oil prices, operating as part of a duopoly, lower AU dollar, increased rate of air travel, Australia private debt fueling expenditure on air travel etc - is the bigger factor.
Exactly, plus he sold Syd domestic terminal and chucked the money as profit, hasnt upgraded the fleet for a while, sold newer A330's to RAAF for a generous price and bought older A330's instead. their terminals are shit, planes old, food is garbage, they only care about business class customers, but at the end of the day its not their fault, Unions are evil and over the top free market for internationals is ridiculous. without firm public support Qantas would fall apart in a year and lower AUD that he is celebrating makes new planes more expensive so their fleet age will keep increasing.
It’s true that a lot of their profit comes from domestic markets that have little competition. It’s a relatively small market like Canada that can only support a couple of carriers
@@DonutEhg Not really, their international division is one of their poorest performing units. Perth to London is their most financially successful route by far.
TIL having only black women & gay men on the board is considered “diversified”. Also the only reason they survived is that the government bailed them out
But it is.
Hey Joyce if you made it here do us all a favor and keep your nose out of Rugby Australia.
Hakencruz Qantas pays the bills for Rugby Australia - so wise up.
@@JohnSmith-cu8yc That doesn't entitle them to interfere in contract issues. They can withdraw their support at any time, but they cannot in anyway interfere as they did....
I hope this costs Alan Joyce his position... He too is an employee bound to a code of conduct 😘
@@JIMMYS_VIEW - Any sponsor has a right to be concerned about who they are sponsoring. Its basic business 101.
Do have to have a transition every 2 fucking seconds
Folau is right
Isn't body art considered a sin by that fairytale?
@@KiedisHaze No it's not.... 😘 If you'd studied the bible, you would know that !!
@@JIMMYS_VIEW Yes it is :) No Tattoos, not mixed fabric, tsk tsk
@@Kvasiir You have absolutely no idea what you're on about, but you will do soon enough..... 😘
Once you see the truth in the Bible, there is no looking back 👍💒🇦🇺
@@JIMMYS_VIEW Cool, but there is only only god and he belongs to the church of satan you know?
It's the CEO of rugby Australia oh.. wait.. I'm confused
You're confused alright or maybe it's your frail manhood that's confused.
@@typhoontim125 what a gay comment brian..
@@myOpinion771 And that last comment from you just confirms your delicate sense of manliness. I hope you mature sometime soon. Best of Irish luck to you!
@@myOpinion771 What age are you? 10?
@@typhoontim125 kay snow flake, enjoy hell..👍 practice what you preach
Be good if Joyce can go hang out in Dubai with his partner company and promote his lifestyle over there.
Greengrass how’s life as a bigot? 🤔
Ksjtrv Vldjtb Joyce is the biggest bigot going around :) maybe he should keep his opinions to himself.
1% saving, really?
Andybear Vlog - 1% is approx a $40million saving.
Andybear Vlog... That works out to be about 1200 litres of fuel on a B787.
Alan Joyce PLEASE don't buy 737 Max!!!
That will be the downfall of QANTAS.
Please just spend the extra money on training and go for the Airbus A320 NEO! It is clearly the SAFEST OPTION for Australians.
They have ordered the neos for Qantas and Jetstar
Jeff Bourke Airbus had similar roblems earlier too...
This is the guy that had another person sacked for quoting the bible but was happy to do a business deal with the head choppers in Dubai . Double standard hypocrite.
I agree . Emirates and all the Islamic countries including our poor lil rescued Kuwait , arrest , harrass , torture and execute homosexuals.
Also if women report being raped. They are arrested and imprisoned .
I just flew to eastern Europe via Air France through China , Paris then my destinations. Saved time and money . Not to mention with not having to cope with the rude and intolerant practices of backward destinations that lack civility . Oh . And also not Supporting thar TRAITOR Joyce and how he has run down our flagship . Well the Air France liner still had wings and engine attached on landing . Unlike Emirates or qantas kites . No crappy halal fare that gives a commission to ISIS either .
Nor rude Jetstar staff that overload your section of overhead locker . Even throwing my correctly stowed coat on the floor and trampling it . Then answering me back when I asked her to return it back and stop trampling on it . No she wasn't even wearing a burka . But she sounded like it .
This CEO needs to go live in North Korea
He should have kept them grounded forever.
The least his company deserves for their lack of care for the victims of Flight 72
Jetstar is the worse airline I have ever travelled on and I've been flying for 40 years. Anyway, what'd he say?
@Telaan Dias No kidding but civility in civil aviation should still be maintained.
Jetstar is a bus service , you obviously haven't short hauled anywhere in Europe or the u.s
You can fly to anywhere in Asia for a few hundred dollars, what’s not to like?!
I find it humorous that people are threatened by Alan Joyce because of his homosexuality. Lmao, oh no, a powerful gay man, it's the end of the world!!!! Imagine wasting your life caring about something that has nothing to do with you.
Meme
Kiedis-Haze his a fantastic business man
Who said they're threatened?
@@mirzaahmed6589 they're crying on the internet lmao
@@KiedisHaze I'm pretty sure it was the crocodile tears within the LGBT community that started all of this.....
Nobody cares what Alan Joyce does in his own time, but when he uses his position of power to try and influence our community standards we have every right to plead our case.
I do understand that you may be feeling somewhat deflated since making your comment due to the massive uprising of the silent majority that has taken place, but it is all just a part of living in a democracy 😘✌🇦🇺
Haha who's threatened by a 5 foot fudge packer? Loser
But u were behind the sacking of one of rugby players funny
jay jay so?
Ksjtrv Vldjtb he’s a scum bag
Great airline, great CEO apart from his political bias. I wish he would just get on with running the airline & keep quiet about his personal life & political views.
The service on this airline is a disgrace. I flew to Singapore last year from Brisbane and there was no inflight entertainment in the entire plane... broken. I sent an complaint email and got an automated response and then NOTHING. A friend of mine who is visiting LA got a message from Qantas yesterday that his return flight had been cancelled. Then on hold to the outsourced Qantas call centre for over an HOUR!!! DO NOT FLY THIS AIRLINE!! I have a friend who is one of their flight attendants and she agrees this airline has gone to the DOGS!
I admire what Joyce has achieved, especially when he stood up to the Unions and grounded the fleet. I wish he would leave his gay and lefty politics out of it though. What do these gay issues have to do with an airline ? Obviously it's a personal passion since he is openly gay, but it' should have nothing to do with running an airline. As for the quality of Qantas food, I had to laugh. In economy it's the worst I have experienced compared to any airline. Sometimes inedible. On a recent international trip I gave it back to them while flying in one direction, and did not accept the food upon my return trip. It was disgusting.
I think it might depend on which route one travels, as I think they dish up different menus for different countries. I was flying to Thailand regarding my last flight.It was seriously awful.
Food on an airline isn't a priority to me. I can always bring my own. I pay my fare and all I want is to get from A to B safely and at the end of the day an airline like any transport is just that transportation.
I agree with that and I think much the same, although we do pay for it, so it should be up to standard.
@@CamperKev Hi Kevin, I might have to save up and start flying First Class or Business Class to get the descent food. That's the dream.
A premium airlines should spend the money on pilot training and go for the safest aircraft - A320 NEO instead of the cheaper option - 737 MAX which we ALL HATE
@Global Aviation News Center Is it cheaper when including pilot training given Qantas already has 737 trained pilots? Isn't that why Boeing included the dodgy MCAS?
@Global Aviation News Center If Qantas were to replace all of their domestic and short intl 737s with the A320neos, the cost of training will skyrocket. Qantas may have previous A320 pilots (first I'm hearing about them), but it won't be nearly enough to replace all of the pilots flying the 737 right now.
Bruhhhhhhh, if you are going to do a piece on Qantas then use their planes, not some emirates 777. Disgraceful!
Senior management team. I’ve got four women and three gay men so we are a very diverse group. ...? Where’s the heterosexual straight man ?
Addicted2OILau Your heterosexuality threatened by that?
He means it includes those 7. that's not the entire team
@@seanl8587 Exactly. And even it was the entire team...So what?
Brian Cullen Addicted2OILau was denied a position in the Qantas board because of his flaming heterosexuality.
@@KryzMasta Lol...He clearly must have been!
He's an evil prick lining his own pockets with obscene bonuses.
He's not a favourite despite what people think.
They are ripping australaian people off there is hardly any competition so qantas charge obscene pricing.
E.g. mount is a to Brisbane one way $650 😆😆😆😆😆😆
So Long as the appalling excuse for a CEO takes his servicing of planes to Singapore and discriminates against fee speech.
I and thousands of Australians will NEVER fly Qantas
I'm with you 100%. Worst airline on the planet.
Singapore does better work for less money, but still a far cry above slave wages.
He discriminated against hate speech, not free speech.
Believe it or not, there's a difference. It's not hard to be a decent human being lmao
@@verna4019 It wasn't a typing error, and regardless, Qantas has a sterling reputation both as an employer and as an airline. Gays aren't the ones raising Hell these days over disagreements of opinion. The fringes of the right and left have both gone completely mental, making people like you throw blame anywhere but against them, keeping you distracted and therefore helpful to them.
Patrick Proctor so true the far left and far right needs their heads checked. Causing so much extremism for the good 80% of people
Build the high speed train from melbourne to sydney, Stop polluting our air !
^ Doesn't nearly understand the amount of smog and GHGs that'll be released just levelling the land and building the twin rail lines and cars, let alone from the power plants supplying the line...
There's also not enough daily travel demand to justify it. There are only 3 profit-turning high speed rail routes in the world, 2 of which are in China between cities each 7 times the population and double the density of Sydney. The third is Tokyo to (iirc) Kyoto. Again, you can't justify the rail yet. Get over it.
You can help stop climate change jimmy........by stop breathing our air!
www.traveller.com.au/worlds-highest-revenue-flight-routes-qantas-melbournesydney-route-no2-on-list-h12jwf
Trains pollute too.
Boycott Quantas..
Great airline, great CEO apart from his political bias. I wish he would just get on with running the airline & keep quiet about his personal life & political views.