Il ramo internazionale di Qantas è in perdita, mentre il ramo nazionale è in attivo. Li separa in due società diverse (entrambe controllate da Qantas stessa).
QANTAS SPLITS DOMESTIC, INTERNATIONAL WINGS.
A day after shedding 500 jobs, Qantas reveals new plans. Photo: Jessica Shapiro
Qantas Airways says it is splitting its international and domestic operations into two separate businesses from July - a day after revealing it would shed more than 500 engineering jobs in Victoria.
The airline said each business would have its own chief executive, and would report its financial results separately.
The restructure will bring about several changes to the airline's executive team, including the departure of Jetstar boss Bruce Buchanan.
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Qantas shares rose 4 cents, or 2.8 per cent, to close at $1.47, outperforming a 1.2 per cent rise in the broader market.
Qantas described today's revamp as part of its five-year turnaround plan for its struggling international division. It marks the biggest management reshuffle since Alan Joyce took over as chief executive of the carrier in November 2008, and comes just a day after the company confirmed plans to cut 500 engineering jobs from its operations at Tullarmarine and Avalon airports.
"Formally separating the management of Qantas International and Qantas Domestic will ensure that we can independently run each business according to its specific priorities and market conditions," Mr Joyce said in a statement.
"These measures give us the right structure to address the challenges and opportunities we face, and the right people," he said.
Mr Joyce will remain chief executive of the overall airline.
Money losing
Qantas's domestic airline made an underlying profit before tax of $552 million in the 2010/11 financial year, while the international business lost $216 million.
The business separation comes as Mr Joyce struggles to find a partner to float an Asian premium airline to take advantage of lower costs, with some analysts saying Qantas has given up that option for now. In March it ended talks with Malaysia Airlines.
"This is aimed at showing external stakeholders, such as unions and government, how difficult the international business is," David Liu, head of research at ATI Asset Management said. ATI owns Qantas shares.
"The split brings in added transparency and detail to the two units. It lets Qantas say this is what we have to do to fix it. I don't think this is about selling the unit."
Qantas has battled for years to make money on its international routes where it runs up against state-backed carriers including Etihad and Emirates in the Middle East, and Singapore Airlines.
Simon Hickey, the current Qantas frequent flyer chief executive, will head Qantas International.
Lyell Strambi, currently Qantas's executive of operations, will be chief executive of Qantas Domestic.
"Operationally, it will continue to be business as usual for Qantas customers and employees," Mr Joyce said.
"We will be carefully working through the details of the separation of Qantas International and Qantas Domestic over the next few months.
"Relevant stakeholders will be kept informed and consulted as required and further announcements made at the appropriate time."
Jetstar departure
Mr Buchanan had decided to leave the company for other opportunities, which most likely is to help other Australian companies expand into Asia.
He will remain with Jetstar for the next six months to help with the transition to new chief executive Jayne Hrdlicka, who is Qantas's head of strategy and technology.
Mr Buchanan will also provide consultancy services to Jetstar for an additional 18 months.
http://www.smh.com.au/business/qantas-splits-domestic-international-wings-20120522-1z25o.html
QANTAS SPLITS DOMESTIC, INTERNATIONAL WINGS.
A day after shedding 500 jobs, Qantas reveals new plans. Photo: Jessica Shapiro
Qantas Airways says it is splitting its international and domestic operations into two separate businesses from July - a day after revealing it would shed more than 500 engineering jobs in Victoria.
The airline said each business would have its own chief executive, and would report its financial results separately.
The restructure will bring about several changes to the airline's executive team, including the departure of Jetstar boss Bruce Buchanan.
Advertisement: Story continues below
Qantas shares rose 4 cents, or 2.8 per cent, to close at $1.47, outperforming a 1.2 per cent rise in the broader market.
Qantas described today's revamp as part of its five-year turnaround plan for its struggling international division. It marks the biggest management reshuffle since Alan Joyce took over as chief executive of the carrier in November 2008, and comes just a day after the company confirmed plans to cut 500 engineering jobs from its operations at Tullarmarine and Avalon airports.
"Formally separating the management of Qantas International and Qantas Domestic will ensure that we can independently run each business according to its specific priorities and market conditions," Mr Joyce said in a statement.
"These measures give us the right structure to address the challenges and opportunities we face, and the right people," he said.
Mr Joyce will remain chief executive of the overall airline.
Money losing
Qantas's domestic airline made an underlying profit before tax of $552 million in the 2010/11 financial year, while the international business lost $216 million.
The business separation comes as Mr Joyce struggles to find a partner to float an Asian premium airline to take advantage of lower costs, with some analysts saying Qantas has given up that option for now. In March it ended talks with Malaysia Airlines.
"This is aimed at showing external stakeholders, such as unions and government, how difficult the international business is," David Liu, head of research at ATI Asset Management said. ATI owns Qantas shares.
"The split brings in added transparency and detail to the two units. It lets Qantas say this is what we have to do to fix it. I don't think this is about selling the unit."
Qantas has battled for years to make money on its international routes where it runs up against state-backed carriers including Etihad and Emirates in the Middle East, and Singapore Airlines.
Simon Hickey, the current Qantas frequent flyer chief executive, will head Qantas International.
Lyell Strambi, currently Qantas's executive of operations, will be chief executive of Qantas Domestic.
"Operationally, it will continue to be business as usual for Qantas customers and employees," Mr Joyce said.
"We will be carefully working through the details of the separation of Qantas International and Qantas Domestic over the next few months.
"Relevant stakeholders will be kept informed and consulted as required and further announcements made at the appropriate time."
Jetstar departure
Mr Buchanan had decided to leave the company for other opportunities, which most likely is to help other Australian companies expand into Asia.
He will remain with Jetstar for the next six months to help with the transition to new chief executive Jayne Hrdlicka, who is Qantas's head of strategy and technology.
Mr Buchanan will also provide consultancy services to Jetstar for an additional 18 months.
http://www.smh.com.au/business/qantas-splits-domestic-international-wings-20120522-1z25o.html
