If QF and Virgin for that matter want to lower the bar so to speak, I cannot see how you could possibly accomplish it. Firstly where are you going to get the crews to work for peanuts? Virgin's pay is increasing to some reasonable numbers and so is Jetstars. So who are they going to get to fly them?
How you do also cut things such as airport fees, fuel, maintenance etc etc
I'm no financial guru but I would love to hear how you could possibly do it by flying to the main airports.