The four major costs for any company, Wages and Salaries,Cosumables (fuel,tyres ect),maintenance of assets and Capital.
The only real variable cost is wages and Salaries. So it is inevitable someone will work out a way to cut the cost of the human resource.
It don't matter what industry you look at there are only 2 ways to fix the bottom line, increase full margin revenue or cut costs and maintan revenue.
QF are looking at Gerry M to run the new game , so I can guess the cost reductions will be in real wages. No need for a fancy education to work that out, cutting inflight meals or increasing the cost of Beer wont cut it.
Boys and Girls be ready for the "New" aviation renumeration structure, the engineers are the only group left with any bargainig power, there is a price for exclusivity.