PAF why is the QF cow sick?
'Management' was given a complete airline when it privatised. Aircraft/Infrastructure etc. The fleet was a very sensible mix of 747/767/737. They didn't have to build-up their enterprise from scratch - it was all there for them. No entrepreneurial skill involved just walk in and off we go.
And how have we faired?
Now it is a disjointed horrible mess.
That share price graph is a simple condemnation of that terrible management.
This anti-union rhetoric was very appropriate in say 1974 but the world is a very different place. As somebody said (Xenophon?) this is management militancy at its worst. And as the Shareholders' Association pointed out, amidst this corporate failure the Management managed to get themselves massive pay rises and something like $55 million in salaries in the last 3 years.
Just because these militants wear suits is that more palatable?
With all due respect I think your 1970's pre-conceptions are blinkering the logic of what is actually happening here. The very graph you posted being all the evidence needed to depict managerial questionability personified.