QANTAS AUSTRALIA – CORPORATE GOVERANCE AND CARBON FOOTPRINT RESPONSE * What is Corporate Governance? To ensure the benefit of everyone concerned in an organisation‚ corporate governance must be enforced. Corporate governance is a term that refers broadly to the rules‚ processes‚ or laws by which businesses are operated‚ regulated and controlled (Search Financial Security‚ 2008). It involves internal factors defined by the officers‚ stockholders or constitution of a corporation‚ but also involves
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Qantas is the world’s second oldest airline‚ having been founded in the Australian outback in 1920. It is Australia’s largest domestic and international airline. The name comes from the initial letters of the words in the original registered title—Queensland and Northern Territory Aerial Services Limited. The Qantas Group employs approximately 32‚500 people and operates a fleet of over 250 aircraft‚ comprising Boeing‚ Airbus and Bombardier aircraft from full-size long-haul aircraft to smaller
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Established in the Queensland outback in 1920‚ Qantas has become Australia’s biggest household and worldwide carrier. Enlisted initially as the Queensland and Northern Territory Aerial Services Limited (QANTAS)‚ Qantas is generally viewed as the world’s driving long separation aircraft and one of the most grounded brands in Australia. The Qantas Group’s primary business is the transportation of clients utilizing two corresponding aircraft brands - Qantas and Jetstar. They likewise work auxiliary organizations
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Main Report The airline is facing a tremendous problem from the unions with regard to certain demands with are mainly to pay higher wages and better working hours. On the other hand‚ Qantas wants to make changes and also wants the pilots to do the required transit checks rather than the licensed engineers. Qantas believes that it can and would be able to become more competitive and efficient at an international level but has emphasized regarding the cost of maintenance and repair which prevents it
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Qantas Case Study Qantas is an Australian icon. Australia’s national airline has enjoyed a long history as a profitable business‚ a respected brand name and has a deserved reputation for safe and reliable travel. For a small country of 22 million people‚ the Australian domestic airline industry is significant. The high level of urbanization of Australia’s population‚ the long distances between major urban centres‚ the lack of high speed trains and the importance of Australia’s tourism industry
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competitors. This section will include Qantas’ aim and main goal‚ vision‚ mission‚ and values‚ and current actions. Aim and Main goal Qantas’ aim is to meet the highest standards of safety‚ service‚ citizenship‚ and environment responsibility. The CEO of Qantas‚ Allen Joice‚ states that Qantas Groups continually renews its fleet‚ creating low operating cost‚ fuel efficiency‚ and releasing new planes to improve passengers’ comfort. The goal of Qantas is to deliver great place to work‚ provide
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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
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Bargaining power of suppliers: Medium The aircraft suppliers for Qantas are the only two largest aircraft manufacturers: Boeing and Airbus. Fuel will be supplied by companies like Shell and BP. For the IT sector‚ companies such as IBM and NCR handle the operations‚ automations and logistic systems. Hotels and catering service are also provided to the customers as well as crew members in different destination of its operations. Qantas need to maintain a fairly good communication with its suppliers
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QUESTIONNAIRE FOR EMPLOYEES Dear Sir/Madam‚ this is a research cum investigative study being conducted across the hospitality sector of India. The study is solely for educational purposes and complete confidentiality will be maintained. It will take approximately 15 minutes to complete the questionnaire. Kindly extend your co-operation in filling up this questionnaire. If you have questions at any time about the survey or the procedures‚ you may contact Ms. Navleen Kaur by e-mail at the
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Qantas | 2007 | 2008 | 2009 | 2010 | 2011 | Revenue | 15060 | 15627 | 14552 | 13772 | 14894 | Net income($M) | 673 | 970 | 123 | 116 | 249 | Net profit margin | 4.48% | 6.23% | 0.85% | 0.84% | 1.67% | × Asset turnover | 0.77 | 0.79 | 0.73 | 0.69 | 0.71 | = ROA | 3.45% | 4.92% | 0.61% | 0.58% | 1.19% | × Financial leverage | 3.45 | 3.44 | 3.49 | 3.34 | 3.40 | = ROE | 11.93% | 16.91% | 2.13% | 1.94% | 4.05% | NOPAT margin | 6.48% | 8.72% | 1.40% | 1
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