Does that tie in with the 'rejoining' of the AOC?
No doubt the split was to copy Virgin, get the QSA repealed and sell off domestic, let International wither to death or be saved by nationalising it. They are in desperation mode now, so I think waiting around for all that to happen would be too long for them. Sadly I think "rejoining" the AOC means International is now largely doomed much sooner.
Problem with International, is without that carrot, the Frequent Flyer business is as good as worthless.
If all you can get is domestic flights or gift vouchers, it is another flybuys...
I agree QFF value is diminishing a bit with each cut and I am a bit surprised they didn't flog it off before the latest announcement to maximise value. But it is still valuable even if there is no QF International. Virgin FF is growing despite no real own metal International network, do Woolies shoppers care if they redeem points on EK operated code share flights, probably not.