Isdon,
I don't know what your background is but that is one of the most succinct summaries of the litany of failures that Qantas management (loose term) has foisted upon a very, very loyal workforce, that I have read.
And I totally agree. Get out now while you can still cut a reasonable deal for yourself. After the collapse (and whether it is total or not matters little) we will be a dime a dozen in the marketplace.
I am disgusted and appalled, but you speak the truth.