So up until now QF's last few remaining FFs have been continuing to fly Qantas to either accumulate more points or use the points they've earned. Now the handcuffs are off and they can burn those points on EK, with a commensurate amount of revenue leaving the QF group. What percentage of those FFs will never fly Qantas again? In fact, unless their destination is London, QF is forcing them to fly EK. Why would they even bother flying Qantas from Oz to Dubai when it would be much more seamless to go EK all the way.
QF94, I hear what you're saying about it being a 2 way street. The only problem is that the EK network dwarfs the QF network, and even more so day by day. Who will be getting the lion's share of the FF revenue? Will it be EK carrying Qantas FFs on ULH sectors, or Qantas carrying EK FFs on the odd short domestic hop? Blind Freddy can see that this agreement is a free kick for Emirates and I honestly don't see how we can ever recover from it.