I agree with Galleyhag - don't believe that no-one will come out of this without a job loss somewhere, either now or down the track.
As far as staff travel goes I don't see that being an issue. Staff travel is a money earner for Qantas now that they have downsized the staff travel department and made it a "online" process. I don't think it will be long before we see our AO friends with staff travel benefits which will be great.
If Impulse is the LCC it will be interesting to see how they divide up the staff to work in either division "link" or "lcc" or if it all just becomes one and we see the Dash 8/Bae146 as the only QFLINK services.
I do hope for the sake of our impulse mates that if they are the new LCC that some good management is put in place to lead these guys through a very big change.