I don’t see how this period can end well for QF.
I expect the current CEO doesn’t care one iota how it ends for Qantas. Their entire concern has likely always been maximising the fill of their own pockets before walking out the door. Read Joe Aston’s recent article.
The incoming CEO is walking into a disaster. An incredible CAPEX requirement the likes of which have never been seen. Horrible public sentiment. A completely disengaged, angry workforce. A federal Labor government who are putting a stop to a lot of the industrial bullying. And a vastly inflated share price based on short term profits generated by having largely dysfunctional competition and the ability to limit seats and jack up prices post COVID.
The bubble is going to burst, to be sure to be sure. And the piss-weak board have been complicit. I wonder if, in years to come, this train-wreck will become a learning experience for the finance and corporate sector.
Well done to the ACCC on standing up to them. Perhaps FairWork will grow some balls now too.