There is no point calling out the only person on the board who has any moral integrity.
He is surrounded by MBA bankers who are all of the same mindset of anything is fair game in the search for profits. They can't do wrong.
Even if the yield today is less then it was 10 years ago.
Even though the profit is less then it was 10 years ago when Qantas had many more employees and less aircraft and carried 10 million passengers less per year.
He is but 1 vote surrounded by anti union, anti expensive Australia workers. The latest appointment to the board former Galaxy Fund CEO Corinne Namblard just proves that point. She made her name by shuffling money around to make commisions, not by creating value by making a product or providing a service.
She is just a leech going along for the ride in the credit driven bubble. She is the smartest person in the room and she's just joined a board full of the smartest people in the room.
Peter Cosgrove is out of his league here, he made a career on being a soldier and an intermediary between the government and the soldiers, not by shuffling numbers around to meet his KPI for the month to secure that big juicy bonus.
Just 1 voice. Nice easy pay cheque too, just turn up to a few meetings and nod.