I won't be touching any QF shares. The company has been stripped bare. Bones only with no meat. A380 was a shocker IMO. Flew on VA's 777 across the Pacific after several trips on QF and that told me that QF was going out backwards if it didn't get it's act together. Despite the rhetoric on innovation and competitiveness, QF relies on government regulation for most of its competitive advantage. That and landing slots.
But never mind...a Labor Party has too much at stake to let QF fail. It'll print a boatload of money, buy it back, appoint government administrators and then change the rules to make sure QF remains in business, if not competitive.
The Australian economy is getting pushed to a precipice with a screwed up leadership with a communal attitude and a lazy, overtly confident population expecting the government to hand out everything. No wonder gold prices are going through the roof.