Future of Qantas
#151
Join Date: Feb 2004
Location: Perth, WA, Australia
Programs: QF Gold, VA Plat, IHG Plat Amb, LCAH Gold, Hilton Diamond
Posts: 3,846
QFFF decided to start enforcing this requirement. That, in itself, was perfectly legitimate. But the way it did so was not. It effectively introduced the requirement at an arbitrary date, and without advance warning. I think that we first knew this only when reports started coming in of people who thought they'd requalified being told that they hadn't, and that the four-sector rule was the reason why.
#152
FlyerTalk Evangelist
Join Date: Nov 2004
Location: Melbourne
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See here: http://www.flyertalk.com/forum/qanta...ed-thread.html
Last edited by serfty; Mar 4, 2014 at 8:05 pm
#153
Join Date: May 2003
Location: Singapore
Programs: QF LTG, SQ EGTP, Bonvoy LTG
Posts: 4,847
You'd think with 3K & QF services (+EK, BA, CX, AY, MH) there'd be some momentum for QFF. I can't tell if the costs of getting involved in SIN loyalty game outweigh the benefits, or just the Australian-centric thinking precludes it.
#154
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Join Date: Jan 2002
Posts: 44,572
Not so simple, when the rule had not been enforced for very many years. (Was it ever enforced before that change in policy?)
To get all legal about this for a second, the law developed the concept of estoppel to stop people/companies suddenly changing their minds in this way.
To get all legal about this for a second, the law developed the concept of estoppel to stop people/companies suddenly changing their minds in this way.
Qantas had already stated that there was a 4 segment rule
Qantas chose not to enforce it but never made any claims that it was dropping the rule
At no time did Qantas claim that there was no 4 segment rule
#155
Join Date: Nov 2006
Location: cbr
Programs: QF WP (OWE) / LTG (LT OWS) | Hyatt Globalist
Posts: 4,972
And Alan Joyce has just jumped the shark.
http://m.theaustralian.com.au/busine...-1226845978095
http://m.theaustralian.com.au/busine...-1226845978095
He said Qantas would continue its price war with Virgin, adding he had spoken to the chief executives of Ryanair and EasyJet, who would have “exactly the same” strategy.
#156
Join Date: Jul 2007
Programs: QFF
Posts: 5,304
Why won't the shareholders sack him already?
He needs to be replaced. Hire someone useful like Tom Horton.
#157
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Join Date: Aug 2002
Location: London
Programs: Mucci. Nothing else matters.
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But let's not get technical about this. The point is that if you suddenly and without advance warning change a long-established position which you have, over a period of years, led your customers to expect, then even if you are strictly speaking legally entitled to make the change (a) you're likely to come across as high-handed and/or insensitive; and (b) your customers may be pissed off with you.
The change to the 4-sector rule would in itself be relatively trivial in the overall scheme of things, if it had stood alone. But for the purposes of this discussion, it stands as an illustrative example of many things that QF has been doing.
#158
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Join Date: Jan 2002
Posts: 44,572
But let's not get technical about this. The point is that if you suddenly and without advance warning change a long-established position which you have, over a period of years, led your customers to expect, then even if you are strictly speaking legally entitled to make the change (a) you're likely to come across as high-handed and/or insensitive; and (b) your customers may be pissed off with you.
#159
Join Date: Sep 2009
Location: Scotland - ABZ
Programs: Qantas LTG, BA-Blue, KLM -Gold, SAS - Silver
Posts: 2,053
Why won't the shareholders sack him already?
#160
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QF's conduct went beyond that. That's why, if legal analysis were necessary, this would be in the field of estoppel. Not that there was ever any question of using legal remedies in this case.
#161
Join Date: Jun 2002
Location: London, UK
Programs: BA Gold(OWE), QF LTG, MR Plat, IHG Spire, Hertz PC
Posts: 8,156
Not so simple, when the rule had not been enforced for very many years. (Was it ever enforced before that change in policy?)
To get all legal about this for a second, the law developed the concept of estoppel to stop people/companies suddenly changing their minds in this way.
To get all legal about this for a second, the law developed the concept of estoppel to stop people/companies suddenly changing their minds in this way.
Caveat emptor?
#162
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Join Date: Mar 2013
Location: London
Posts: 17,007
I have to admit I was always worried QF were going to enforce this, thus I always made a conscious decision to ensure I hit the target when I was actively crediting to QFF. In my case it was generally quite easy to hit it as I could direct relevant flight spend to QF vs a competitor, but I digress....
Caveat emptor?
Caveat emptor?
#163
The Qantas Sale Amendment Bill 2014 has passed the lower house of Australia's parliament (the House of Representatives). The Act seeks to remove part III of the original Act.
Debate in the upper house (the Senate) will not commence before Monday 17 March. There remains no indication that Bill will pass as it does not have support of the key opposition party (Australian Labor), nor any of the 'crossbenchers' (minor parties and independents).
Debate in the upper house (the Senate) will not commence before Monday 17 March. There remains no indication that Bill will pass as it does not have support of the key opposition party (Australian Labor), nor any of the 'crossbenchers' (minor parties and independents).
#164
Join Date: Mar 2007
Location: TSV, Australia
Posts: 2,401
The Qantas Sale Amendment Bill 2014 has passed the lower house of Australia's parliament (the House of Representatives). The Act seeks to remove part III of the original Act.
Debate in the upper house (the Senate) will not commence before Monday 17 March. There remains no indication that Bill will pass as it does not have support of the key opposition party (Australian Labor), nor any of the 'crossbenchers' (minor parties and independents).
Debate in the upper house (the Senate) will not commence before Monday 17 March. There remains no indication that Bill will pass as it does not have support of the key opposition party (Australian Labor), nor any of the 'crossbenchers' (minor parties and independents).
#165
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Join Date: Feb 2005
Location: RSE
Programs: AA Exp|VA Platinum
Posts: 15,504
It's a trader's stock (3.3b shares traded last year, 2.2b shares on issue. Already this year 700m shares have traded). The holding period is relatively short for Qantas shares, especially by ASX large cap standards. Heavily traded stocks don't often = activist shareholder base.