How long does Al have left?
I think that we have a clue to the shelf live of the Irishman. Demetriou has just announced he is stepping down from the AFL. Naturally this has nothing to do with supplements scandal and circus that ensued out of his control, disastrous for a control freak. It has taken a year for his impending departure.
This would indicate that Joyce will be tearfully leaving QF next year, detailing his extraordinary number of achievements as CEO. These would include new destinations, jetstar expansion into Asian bases and reduction of staff numbers in Australia. This speech will not include ports closed down internationally, setup costs for jetstar overseas bases and their accumulated losses not the number of jobs lost to Australia with transfer of engineering and flight attendant jobs to foreigners. He won't mention the 457 workers already here in coward street that took Australian jobs.
Further to jetstar overseas bases, an equities analyst at Macquarie Bank estimated a sale price of $400m. When setup costs and accumulated losses (this doesn't include huge losses on 320s currently sitting on their arses) are totalled this will be a huge cockup, er loss to the group. Just how many more 320s are to be delivered or parked for Hong Kong and Japan? The only positive here is that that these new planes, along with retirement of 767s and 747s will enable him to claim a significant reduction in fleet age and that he has set up qantas so that it will not require any maintenance for the next 5 years!