Just out of interest, from the relevant annual reports :
CASK
Qantas 5.5c
Singair 6.6c
Cathay 8.3c
To me that doesn't look like Qantas is doing too bad. What exactly is the real problem here? Cathay has the highest CASK, yet they posted a profit of $1.35B. Maybe it's because they actually fly somewhere using reasonable equipment.
Have a look at Air Asia. Their CASK is 3.1c, which is a pretty big difference. The thing is the Qantas Group has a fleet of about 200 aircraft and employs 35000 staff - Air Asia has a fleet of about 100 aircraft and employs 8000 staff. Which is because it's a bare bones LCC with no yield margin. Which is why its CEO Tony Fernandes stated recently that the company only made profit from its ancillary charges. Is this really the direction the current management want to take Qantas?