The problem FFRATS is that the behaviour of QF management is so completely at variance with good management practice on so many levels that the excuse of mere incompetence is worn increasingly thin.
Five examples off the top of my head:
1. the grounding of th e airline.
2. The entire Asian adventure.
3. The malicious way the engineers have been treated over outsourcing and downsizing.
4. The continuing habit of publicising "reviews" leading to "statements" from on high on specified dates which continues to maximise fear, uncertainty and doubt among all employees.
5. The emirates tie up which will eventually lead to QF being merely an Emirates business name.
FFRATS, many of us with experience in business just shake our heads because we know what the predictable outcomes of these follies are.