Seems that Alan is happy after all. From the latest company email:
Video message from Alan Joyce - Towards Half Year
In this video update, Alan Joyce talks about some of our great achievements from the last few months and how they show our strength as an airline. He also talks about the speculation surrounding Qantas, clarifies some rumours about the structural review and the guiding principles behind the tough decisions we’ll need to make to build a stronger Qantas Group for future.
I am not sure what our great achievements from the last few months might be, apart from a credit downgrade, profit downgrade, and a total absence of anything resembling leadership. I'd watch the video to see if there's anything else, but sadly I don't have a strong stomach.