We have come out of the GFC and the Euro volcano drama, agreed. BUT low fuel prices, low interest rates, favourable exchange this is a PISS POUR result.
Some heads at QF need to roll. Time for a big clean up. Wake up to the fact that EK, SQ and the like have lower operating costs. Sack all the time wasters and extravagent expenses other wise Qantas will become another Japan Airlines.
Without JQ and the huge profit from comp payments for late delivery of new a/c and the FF program (ie selling points for dog food, nappies and bananas) QF would have a huge loss.
Lots of errors from the past - hanging onto the 743/744 fleet until they WERE scrap metal, failing to get the 777, waste on corporate indulgences, reliance on LHR and LAX for profits, excessive useless middle management that still need to go, etc
Wake up QF this is 2010 not 1990. Its a different world. The likes of EK, AirAsiaX and Tiger are biting the kangaroo's tail. Total Disaster Qantas