There were other projects Qantas could invest its money in, such as the booming loyalty program, Mr Joyce said. "We could invest our money quite well in that business to grow our earnings even further. We will be very disciplined on this," he said.
Bit hard to have a airline loyalty business without an airline. Didn't work so well when they tried to get people to use points on loaves of bread...
Asked what he was seeking from pilots, Mr Joyce said he wanted to see similar productivity gains to those agreed to when the Boeing 787s were introduced. "(Such as) how the aircraft can be operated, what are called night credits and how they're applied (and) the flexibility of moving people around aircraft," he said.
With your fleet operating cost orders of magnitude higher than your peers, and having wasted over AUD $2.5 billion on share buy backs, go plan your wedding..
The CAP EX required is large and growing, but focus on picking pennies in front of steam rollers. Your competitors already have a fuel efficient fleet.