"As Alan told the market at our financial results,
we can only proceed if the business case stacks up. These aircraft represent a large amount of shareholder money and we need to have confidence about our ability to generate a good return from them. The answer may be that we’re better off returning more money to shareholders or investing more in domestic, Jetstar or our loyalty business instead." (Thanks to those QF folk, providing the enlightening insights!)
Almost perfectly timed, recently minted QFI CEO Tino La Spiv, in a thinly veiled threat to pilots about "project Bananarama" threatened to divert much needed cap ex for fleet re-equipment to "other" parts of the business, or curiously buy back more shares...Go right ahead Tino, slide your feet under your new desk.
The problem, which is soon to be yours Tino, your Boss has neglected to re-equip. Your fuel included CASK is 64% higher across the Pacifc than your competitors and your fleet age is 11 years. CAP EX is needed to be spent on fleet, otherwise you may have a relatively short career as an airline CEO. You see Tino, whilst you enjoyed your weekend, Houthi rebels attacked Saudi Oil Production. What that does to the oil price isn't yet known, but suffice to say YOUR fleet Tino just cost a bit more to run...
https://www.abc.net.au/news/2019-09-...fires/11513728