...down side being the retirements of the 767 which will outweigh the gain from the Jetstar hand me downs. No net gain for 737 fleet either.
Hey, but capital is going to where it will get the best return (domestic)! </sarc>.
Statements like that are just a smokescreen. Management are rolling the dice on Asian expansion. This is a massive gamble - it will either be a masterstroke or destroy Qantas.
To me, it looks like they can hide behind the massive growth for several years without being profitable, take out billions between senior managers and ride off into the sunset, leaving a the shareholder with a disaster. This is all about short term growth rates to justify huge bonuses.