EXECUTIVE SUMMARY Qantas was established provide the service by operating aeroplane nationally and internationally. Currently, it is leading aircraft company which was founded in 1920 and has grown as an Australia's biggest domestic and international airline company. Few some years Qantas has made the negative returns and poor organizational performance. In the fiscal year 2016/17, Qantas had made 900 million profits from 2.8 billion losses by successfully implementation of the change. This report is prepared by Shambhu Prasad Acharya for the fulfilment of the assignment requirements given by the Central Australian College. This report clearly analysis how Qantas CEO align the change within the Qantas group and how change helps Qantas …show more content…
(2018). The main purpose of the establishment of main Qantas was provide the aircraft service towards transport of airline passengers within the Australia and would finally connect Australia with the world. Qantas provide a transportation of the passenger locally and internationally every day. Currently Qantas is one of the Australia’s leading domestic airline services in mid-2017, winning both domestic airline categories for the fourth month during a row over rivals Virgin Australia Roy Morgan. (2018). But in the financial year 2013/14 Qantas financial condition as well as organizational performance was very poor. According to Fiig.com.au. (2018) “Qantas announced a $646m underlying loss and a $2.9bn statutory loss after tax for FY14. The statutory loss includes an impairment charge of $2.6bn, relating to a non-cash write-down of Qantas’ international fleet”. There are several reasons that why Qantas did not able to make positive returns as well as good financial performance. For instance: carbon tax, cost of the fuel and competitions between the aircraft …show more content…
This is great achievement for Qantas CEO Alan Joyce and its investors. Although it is not easy to turn back from negative performance, it is always possible to make it. Alan Joyce, understand the underlying issues so that he made two great decisions in terms of accelerate its business transformation. For instance: Cost decrease by cutting the 5000 employees and sale of the old Boeing 767 aircraft. Although, external environment such as: Oil price, carbon tax free is not is not able to controlled by the leader but these two decisions helped for the Qantas to fight back and improved its financial