They are sitting on $3.1B of unredeemed frequent flyer revenue.
interestingly no talk about the segment performance. Jetstar on 20% more ASKs than QF domestic is producing only around half the operating margin yet seems to be the segment under soonest fleet renewal whilst QF domestic remains largely capital starved for another few years.
A test of the new management would be to own up that Jetstar is not the amazing performer of the group.
Here's a suggestion VH. Transfer upcoming Jetstar 320/321 deliveries to QF domestic for urgent fleet renewal. Transfer Jetstar 787s (worst performing segment) to QF east-west domestic to allow more QF 330s to be used for international Ops or retired. Much better margins in QF both domestic and international.
Put the capital where the best margins are you idiots.
You dont need BCG to tell you what to do.