Qantas is not too big to fail, in fact it is probably the best possible outcome for the business as it would create the opportunity for someone to pick up the carcass and have a crack without the legacy baggage that the airline currently carries.
I've often wondered if this was the plan all along - getting rid of the 'legacy' baggage. Then they could rebrand JetStar as Qantas & carry on with the lower cost base. If true, it is a dangerous plan to trash a brand & then expect everyone to coming rushing back once once they have things the way they want them!
Their plan?
Let Qantas declare itself broke. Sack everybody and let Jetstar take over. Everybody gets reemployed on half salary ... Does anybody remember 1989?
Seriously there is an evil plan. Bus Drivers on $500,000 are in target range
My thoughts exactly,
1a sound asleep. It will be interesting to see how this plays out.