But the biggest failure in his article is that he doesn't recognise the recent profit as being way thinner than it sounds:
With a pre-tax profit up 46 per cent to $552 million, despite a claimed loss of $216 million on international fights, Qantas is far from the imminent basket case ...
He has made the same mistake as the unions. $552 million sounds like a lot of money, but in fact it is a tiny profit and represents a razor thin margin (about 1.6%).