Writing on the wall
Well it looks like its time for "Change Management"!
Time for the Board and the CEO to leave, they obviously have mismanaged Qantas the airline & undermined Qantas International to the point of extinction...one of the main reasons why Borgetti resigned as he didn't agree with the rubbery way the International Operation was wearing the Costs of Jetstar Operations, fuel, leasing costs, Maintenance etc...
The days are numbered for Joyce and the Board, the share price reflects that, the shareholders and stakeholders will only tolerate so much...
As for buying the A380, an aircraft with similar fuel burn as a B744 and a costs maintenance base of almost triple, why would you....
The B777 would have been a smarter move to replace the B744, with the B744 for long distance non ETOPS routes..
The justification of the A380 just isnt there, except keeping up with the "Jones"..
The Board and Management have to accept responsibility of the continual losses of Qantas International and heads should role!
I cant see shareholders waiting another 5 years for Qantas to "Turn Around", not with no dividend for the past 3 years....