Nikki, I suspect you are a journo, but in relation to QF, the problem it appears to be, that QF is a high cost carrier, and its domestic earnings are not enough to offset the low yields in gets on the International market. And the fact that any money it made, was bled off to the poor choices by the board, and management, Jetstar Asia. They totally overestimated the loads and work they were going to generate. The world is moving towards mega carriers who control dence flows of traffic between hubs, and away from Flag Carriers, who 20,30,40, years ago were the way to go, and those carriers had a strong say with their respective Govts. who was allowed in and who was not, they don't so much now. So you see QF is really pushing it uphill in just about every way, and the cost of living, wages, and unionism, only adds to its problems. A Mega Carrier can afford to pay its pilots and engineers top dollar, it can afford to offer fares QF can never compete with, and no union will dominate it, especially from the middle east, where unionists are as rare on the ground, as Dodo's, and it will be the middle east that leads the charge. It would appear, that to actually save the company is to give up on longhaul, perhaps keep LAX, and go back to a thriving Domestic market for the time being, get rid of JQ Asia, but whilst this sounds feasible, the amount of job losses would be considerable, and no Govt. wants to preside over that. So Joyce is caught between a rock and a hard place, (and so is the Govt) but for Joyce, most of it, is of his own making, but really the company was basically doomed, from the day Dixon became the CEO, and Joyce walked into a firestorm, when he took it over. It would be a totally different kettle of fish, had Borgetti got the guernsey. A man with vision and insight, QF would have had a chance, and certainly more negotiating skills with these Mega Carriers than it will have now. If QF goes almost totally domestic, its save face for the Govt. (see, QF, is still the National Icon) the public will be appeased, they still have their Airline, but for the staff a unmitigated disaster, job wise. So the best outcome we can hope for that QF merges into one of the Mega Carriers, flies under its own name, keeps the staff, it has at the present time, but the unions will find their Middle Eastern Masters totally intolerant to outrageous claims and pay rises, and there will be a steep learning curve of a new way of doing things there, but if they don't accept that, then QF could well go the way of GMH, caste aside as too expensive to run. A interesting year coming up, and a worrying one for many, we can only hope common sense prevails, and save this great airline and its staff.