No one said JB was a good CEO, but you were claiming that BG was. Which was completely against what most working at VA towards the end of his tenure thought.
And seriously wrt to QF we are talking about now, not 50 years ago. QF is operating under completely different conditions today. Selling a hotel is not selling key infrastructure and leasing back, like HQs or the terminals you operate from. Its quite easy to see from this years financials why the equity partners are all joining the fray and pumping cash into competitors. They see a market dominated by a failing encumbent ripe for the picking.
I believe you mentioned Rex. Haha, did you forget the $100-200M they were 'gifted' to save their regional routes by the previous government, which they then used to launch a 737 operation??
I also think your universe forgot that QF passed $2billion in government subsidies earlier in the year.
As for sacking critical staff. Which planet are you living on?? The same one where European airlines are cancelling flights wholesale, they haven't contracted out their ramp and baggage because it's been contracted out for decades.
Works in Europe as some countries have 20-30% unemployment so cheap labor is not an issue. In Australia its far cheaper to negotiate your own conditions with employees than put your company in the hands of third parties that have a profit margin on top of employee wage costs. as those contractors are just as likely to strike or move companies and leave the contractor short of labor. Again Australia is a very different labor market and aviation market to the rest of the world.
BTW, VA when they were bought by Bain, sacked something like 9000 staff, a far greater proportion of people than QF has
Not sure you understand that VA was in administration. It was resurrected from the dead by cutting back to the bone and then restructuring and renegotiating, it was that or be broken up and the entire workforce put off. QF can afford to maintain its workforce, its previous profits showed it could, but AJ in his infinite quest for more fake profits and bonuses is bleeding the rock to its core. Lay off a huge chunk of workers, remove a huge chunk of liability on paper, forget the issues it causes and possible increase in operational costs...