International flying 80% plus load factors, the stand out performer of the group (as attested by the last CEO in 2008) and the beneficiary of most frequent flyer programs? The benefactor of a globally recognised brand?
Reduce the costs and grow it and it would be one of the most profitable airlines in the world.
Come on, don't buy that basket case crap. International is where it's at, and it's what the mexicans are trying to get their grubby hands on.
BB is already manufacturing the arse cream, he knows a lot of Aussies are about to be shafted by the big pineapple and he sees it as a quick way to make a buck.
The plan has always been to talk it down for years, break up the 'group' claim it's a lost cause and pick it up as cheap as chips. (check out that share price!)
Suddenly they need 777s to compete and those 787s that domestic will never get. The long haul agreement was crushed at the original Qantas' expense by arbitration and the 'A' scalers are at Jetstar (forever). There won't be a Qantas as they knew it to return to as it simply won't exist. Those pesky engineers are now something for domestic to deal with. Along with probably most of the unionised workforce. They'll be shipped across to domestic which doesn't have the same exposure to globalisation and can afford to pay a little bit extra as it's competing in the same marketplace. Besides, the government will probably prop up domestic if push came to shove.
International can now use MROs and labour hire as the naughty unionised Aussies are part of the domestic Qantas. Master plan complete. Just the question of where the frames will all be parked.
Reads like a play book.
Red Q isn't a failure, it's the future Qantas international operation being setup by stealth at existing Qantas' expense ready for the takeover by the boys club.
Do you think if the little man cocked up so much so quickly he wouldn't already be already shown the door? It's all part of the master plan. Why are the institutional investors not barking mad. They know what the plan is and they will reap gazillions from it.
Joyce maybe immoral, but he is cunning and his masters far more so.