Geoff Dixon dropped that into conversation on Business Sunday almost exactly 6 months ago (possibly immediately after the last half year report!).
The comment indicated that QF was not able to compete as it had too high a cost base compared to its competitors.
I believe that they will expand the Impulse fleet to do the task, and keep pro rata Impulse rates of pay to employees involved in said operation.
Mainline QF (domestic and "local" international) would be allowed to shrink as natural attrition takes place and Impulse staff numbers slowly increase and start to share the workload of keeping mainline QF running.
Or is that too obvious?