Preview

Qantas Report

Best Essays
Open Document
Open Document
3495 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Qantas Report
| | | | | MGMT Team Report: Qantas | Table of Contents Executive summary 1 Introduction to management issue 2 Company’s industry and External environment 2 The internal environment of Qantas 4 Summary of management issue 6 Analysis of management strategies and their effectiveness 7 Recommendations 9 Bibliography 11

Executive summary

Qantas, Australia’s largest domestic and international airline service, has grown immensely since its formation in 1922 and has dominated the Australian domestic aviation industry for years. However, a recent dispute between the unions and management lead to the grounding of all Qantas flights causing the company to suffer both financially as well as in terms of their reputation and reliability for customers.
This issue takes place in multiple industries, transport, labour and tourism to name a few. (The) This report focuses primarily on the labour industry, and the impact of the industrial relation issues on the airline and the strategies that Qantas put in place to resolve the issue.
(In order to gain insight about this issue, we) This report describes (the explored) the internal, external, general and international environment that has affected Qantas. (in which it takes place.) The internal environment was greatly affected by this issue. Employees and shareholders (and the image of the company were all) affected by firstly by the company’s decision to outsource labour and then by Alan Joyce’s decision to ground the flights during the industrial action. After researching various external environmental factors that affected this issue, it appeared that the main factors were the competitors and government, both of which played a major role in the issue. (In regards to the general environment we looked mainly at the current state of the economy and that of the natural environment, both of which played a role in this issue.) The report also looks at the general environment with regards to the

You May Also Find These Documents Helpful

  • Powerful Essays

    Business report for Qantas

    • 1570 Words
    • 7 Pages

    The main focus of this report is to identify the legal classification, the characteristics, the life cycle stage of Qantas and one internal and external stakeholder that is affected by the activates of Qantas. The legal classification describes that Qantas is a public company and has changed its legal classification in the growth and maturity stages of the business life cycle. The characteristics of Qantas talks about the company's industrial classification and sector classification. The business life cycle is explained and gives reason why Qantas is in the renewal stage of post maturity. There is also description of one internal and external stakeholder and what duties Qantas has to them.…

    • 1570 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Qantas Business Report

    • 1721 Words
    • 7 Pages

    The main factors, which caused Qantas to change was that, the business was under government ownership until 1995, with a classical/scientific management structure. Meaning the business maintained a:…

    • 1721 Words
    • 7 Pages
    Powerful Essays
  • Best Essays

    Qantas International

    • 2259 Words
    • 10 Pages

    All over the nation, news of Qantas’ restructuring of Qantas International (QI) has reached ears of many Australians and many have voiced out their concerns on the matter. Qantas International has been the weak link in the operations of Qantas group compared to its domestic, freight, low-cost carrier Jetstar and frequent flyer businesses. Qantas’ new strategy involves expanding its base of operations into the Asian region to capture the market share of a boom in airline activity. With this new strategy, it plans to introduce job- cuts of 1000 employees mainly pilots and engineers. According to the two articles given, the Australian and International Pilots Association (APIA) and the Australian Licensed Aircraft Engineers Association (ALAEA) are pressuring Qantas’ Chief Executive Officer (CEO) Alan Joyce to abolish his downsizing policy. The unions and also the general public wants to keep jobs in Australia instead of having it outsourced to other countries which according to the CEO, will significantly reduce QI’s labour costs and increase their profitability.…

    • 2259 Words
    • 10 Pages
    Best Essays
  • Powerful Essays

    Qantas Groups’ performance over the 2007 to 2011 period has been relatively poor mainly as a result of the global financial crisis adversely affecting the firm’s international operations. Strategically, Qantas is likely to continue to dominate the domestic airline industry with the success of Jetstar prompting expansion into the Asia Pacific region. The most significant threats facing Qantas include high fuel prices, the value of the Australian dollar and industrial action. A comprehensive financial analysis reveals that compared to other airlines, Qantas is showing strong signs of recovery despite there being inherent weaknesses in its liquidity. A review of the firm’s annual report revealed the presence of various accounting issues such distortion in its depreciation calculation, however it was determined that they were not significant enough to greatly affect Qantas overall financial position. Overall the firm was found to be in a financially sound position and through the implementation of its “QFuture” program; profitability is expected to continue to improve in following years. An evaluation of the Group’s equity found that the stock price for which Qantas is currently trading is overvalued by $0.50. This is further supported by the fact that over the last year the price of Qantas stocks has been subject to a downward trend suggesting that investors may have already identified the overvaluation. As a result of the findings of our analysis we therefore make a “sell” recommendation for Qantas stock.…

    • 5312 Words
    • 20 Pages
    Powerful Essays
  • Satisfactory Essays

    Qantas

    • 959 Words
    • 4 Pages

    Qantas has had to respond to these changes within the market and the responses from Qantas include…

    • 959 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Negotiations between Airline Company Qantas and Unions groups, Transport Workers Union (TWU) and Australian and International Pilots Association (AIPA)…

    • 2074 Words
    • 9 Pages
    Good Essays
  • Best Essays

    The aim of this report is to evaluate whether Qantas airways is a suitable company for ethical investment. Firstly, Qantas has currently been incurring in an ethical issue, because it has reduced in almost 50 % its staff in order to obtain better profits, however, the flight safety has been affected due to this maintenance downsizing, also Qantas share price analysis determines that although the stock had a downturn three years ago, it has begun to rise now. However, the result of this report is that, Qantas is not an appropriate company to invest now due to the low share price behavior and maintenance airplane’s issue.…

    • 1470 Words
    • 6 Pages
    Best Essays
  • Good Essays

    Qantas Analysis

    • 683 Words
    • 3 Pages

    to the Members of Qantas Airways Limited REPORT ON THE FINANCIAL REPORT We have audited the accompanying Financial Report of Qantas Airways Limited (Qantas), which comprises the Consolidated Balance Sheet as at 30 June 2011, and Consolidated Income Statement, Consolidated Statement of Comprehensive Income, Consolidated Statement of Changes in Equity and the Consolidated Cash Flow Statement for the year ended on that date, notes 1 to 36 comprising a summary of significant accounting policies and other explanatory information and the Directors’ declaration of the Group comprising Qantas and the entities it controlled at the year’s end or from time to time during the financial year (Qantas Group). Directors’ Responsibility for the Financial Report The Directors of Qantas are responsible for the preparation of the Financial Report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal control as the Directors determine is necessary to enable the preparation of the Financial Report that is free from material misstatement whether due to fraud or error. In note 1(A), the Directors also state, in accordance with Australian Accounting Standard AASB 101 Presentation of Financial Statements, that the Financial Statements of the Group comply with International Financial Reporting Standards. Auditor’s Responsibility Our responsibility is to express an opinion on the Financial Report based on our audit. We conducted our audit in accordance with Australian Auditing Standards. These Auditing Standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance whether the Financial Report is free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the Financial Report. The…

    • 683 Words
    • 3 Pages
    Good Essays
  • Good Essays

    On October 22nd, 2001, the Industrial dispute between QANTAS and its employees was initiated with the offering of a new Enterprise Bargaining Agreement. This proposed an 18-month wage freeze for employees plus a sliding scale profit share scheme. Ten out of twelve unions under QANTAS accepted the terms of the agreement, barring the unions of manufacturing employees (AWU and AMWU). They were holding out for a 4-6% pay rise. On the 8th May 2002, some ten months later, the dispute was resolved when QANTAS agreed to an across the board 6% pay increase. This essay provides an in-depth analysis into the dispute, including causes, the resolution process, the role of stakeholders, and costs and benefits for all concerned.…

    • 2072 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    Change Model

    • 2968 Words
    • 12 Pages

    The aim of this essay is to critically analyse the background of the Qantas and its decision to launch Jetstar on May 2004 that operated around 800 flights a week across network of 14 destinations within Melbourne, Sydney and Brisbane. Secondly, this essay will evaluate how Data Collection Feedback Cycle change model is used to gather major information and to critically analyse it. Thirdly, this essay will critically evaluate the background of Qantas and Virgin Blue and will also highlight various reasons that eventually led the Qantas group for the launch of the Jetstar. Fourthly, this essay will also critically analyse the revenue and profit performance of Qantas prior the introduction of Jetstar i.e. 2002. Fifthly, it will continue to critically evaluate the trend in Qantas and Virgin Blue in 2003. Then the sixth paragraph will also critically evaluate the trend in Qantas after the launch of Jetstar. Lastly, the essay will also look into the annual reports of the year 2005-2009 and critically analyse the significant value added by the Jetstar to the Qantas group; and will critically analyse whether the executive decision of Qantas to launch Jetstar in order to retain the 60% domestic aviation market from its competitors has been a strategic success or not.…

    • 2968 Words
    • 12 Pages
    Powerful Essays
  • Powerful Essays

    This report tries to analyse and value the share of Qantas Airways limited from the perspective of a potential investor. The report has used share valuation techniques to put a value on the share of the company and recommends whether a potential investor should invest in the company at the prevailing market price or not. The report doesn’t directly suggesting an existing investor’s about offloading his/her investment in the company or keep sticking to it.…

    • 4967 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    qantas airlines case

    • 1018 Words
    • 5 Pages

    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 opportunity to express their opinion in public. The unsuccessful contest brought a lot of attention, but not in the way Qantas would wish for. The negative opinion was spread and so the public image of the company was damaged. The negative comments came from the fact that the company was suffering from problems with technical condition of aircrafts and problems concerning reaching an agreement with work unions that leads to strikes and finally grounding the fleet for a few days.…

    • 1018 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    3. The Economic and Social Environment. BRITISH AIRWAYS is a UK-based firm. Consider how the government and its agencies constrain the way that it can employ its resources (including labour and capital ) both in the UK and overseas…

    • 2488 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    Qantas Analysis

    • 15922 Words
    • 64 Pages

    AUSTRALIAN CAPITAL TERRITORY The Australian National University University of Canberra NEW SOUTH WALES Australian Catholic University Australian Institute of Higher Education Avondale College of Higher Education Charles Sturt University Kings Own Institute Macquarie University Southern Cross University Top Education Institute The University of New England The University of New South Wales The University of Newcastle The University of Sydney University of Technology, Sydney University of Western Sydney University of Wollongong Williams Business College NORTHERN TERRITORY Charles Darwin University QUEENSLAND Australian Catholic University Bond University Central Queensland University Christian Heritage College Griffith University James Cook University Queensland University of Technology The University of Queensland The University of Southern Queensland University of the Sunshine Coast SOUTH AUSTRALIA Flinders University Kaplan Business School The University of Adelaide University of South Australia Open Universities (conferred by Uni of SA) TASMANIA University of Tasmania VICTORIA Australian Catholic University Cambridge International College Carrick Higher Education Deakin University Holmes Institute Holmesglen Institute of TAFE La Trobe University Melbourne Institute of Technology Monash University Northern Melbourne Institute of TAFE RMIT University Swinburne University of Technology The University of Ballarat The University of Melbourne Victoria University WESTERN AUSTRALIA Curtin University of Technology Edith Cowan University Murdoch University The University of Notre Dame Australia University of Western Australia SINGAPORE Nanyang Technological University Singapore Management University Page 3 3 3 3 4 4 4 4 4 5 5 5 6 6 6 6 7 7 7 8 8 8 8 8 9 9 9 9 10 10 10 11 11 12 12 12 12 12 13 13 13 13 14 14 14 14 15 15 15…

    • 15922 Words
    • 64 Pages
    Satisfactory Essays
  • Best Essays

    Business Report On Qantas

    • 1395 Words
    • 5 Pages

    The aim of this report is to provide reasonable advice to the client who has interest in ethical investing in Qantas via analyzing its ethical and financial performances. First, the report evaluates Qantas on ethical performances which focus on environmental pollution, and it shows that Qantas performs well by following a Carbon- credit program and an Aviation Fuel Study. Then the report analyses the gross profit over the past 5 years by a figure which shows that the gross profit follows a trend of decline. Finally, the report recommends that Qantas is not a good choice for ethical investing in the next few years.…

    • 1395 Words
    • 5 Pages
    Best Essays