Why are cost bases competitive in Europe ? North America ? Japan ? All high cost countries to do business. They all have OH&S standards. They all have fatigue limitations. They have all high taxes. Isn't the 300odd aircraft the Qantas group has scale enough ?
Not sure I agree with this. Cost base is relevant to who your competing against. For QF domestic, that's the equivalent cost of maintenance for Virgin and Tiger. Which is less because they choose to get it done for less. QF international it's predominantly SQ, Skoot, Air Asia X, MAS, Cathay, and the Chinas etc. Anyway, last time I was in Haeco it was full of North American airframes so I guess they want it cheaper as well.
Your bonus statement is irrelevant. Reducing efficiency and cost is about profitability and longevity. Businesses exist for their owners, not managment.