Claret. The reason is simple - and pointed out on this morning's TV news. Ansett is now much cheaper - SQ can pick and choose what they buy at bargain basement prices and that won't include staff liabilities and presumably, any staff.
To those that shout "Yipee - more jobs", think carefully. There is just so much water in the bucket and it's now to be spread around three carriers. The SQ backed "full service" operator will not generate any significant and new market, as Virgin did in the beginning when it very significantly cut fares. And I think reduced fares (and a fare war) would be the last thing on SQ and QF's corporate mind.
I would envisage SQ starting an efficient operation, minimal and contract staff in order to minimise losses. This will force QF to rationalise, probably thu Australian's lower cost operation.
I would think industrial mayhem at QF may be a decided advantage to SQ!
But that's just my un biased opinion of a probable scenario.