Folks,
One of the more interesting exercised here is to do an little work on what the bottom line would have looked like if the "real" Qantas had had a fuel efficient fleet these last 15 years, flying the same gross revenue.
IE: B777-200/300ER in the main, with a lot more B787 already, there is a reason why Cathay, BA, Emirates etc. have so may B777.
The "bottom line" --- the big losses of the bad years turn into small profits and small losses, the financing cost of an efficient fleet fleet is a small cost, versus the now very aged B747 fleet, and the A380, which has turned out a commercial dud for Qantas, and most others.
In my opinion, it was the Dixon era that set scene, the performance of the present management, in my opinion, has been mediocre at best, the future is far from clear.
Tootle pip!!
PS: as far as fleet financing is concerned, the ownership cap is a furphy, Qantas would have no trouble financing a fleet without an extended share capital, in the present market, which seems unlikely to change dramatically any time soon.