Some interesting points at the end of Sandilands post today.
Qantas to totally restructure its international division | Plane Talking
Commentary The disclosures made by Joyce mean that the incomplete enterprise bargaining negotiations with the pilots and licensed engineers are now being conducted without the unions knowing what material changes to the Qantas business are going to be introduced early in the lifetime of the agreements.
They also mean that investors know that major changes are being made to the Qantas business, but not their details.