If you want to keep this sensible, I would first of all award myself and senior managers with a 50% pay cut to gain credibility with the staff. If the mangers refused to accept they would be replaced. I would then get an independent company in to do an audit of the company to rid itself of deadwood and duplication to increase efficiency. Other areas that I would attack would be contracting out the baggage services. Front line staff would be kept on and possibly increased. Heavy maintenance would be moved to Avalon, freeing up all of that space at Sydney and the associated rent. IT systems would get a thorough overhaul. The route structure would also be seriously examined. Just where do you stop??