"Interesting times ahead but things do indicate that once this record loss is announced come 24/8 the miraculous turn around will begin."
... And after that the company will be happy to carry a surplus to retain an international operation that universally through its awards, pays approximately a 100% premium on wages, which cost the business hundreds of millions of dollars.......
If anyone in Qantas international needs any more indication, the latest "splitting the business" leaks shows it is all over via a multi-move coup de gras.
To suggest the company is keeping a surplus to allow for future expansion on long haul awards (any of them) is clutching at straws. The actuaries, who were fed the grand plan inputs from the consultants, have written it all in the stars.
The CEO remains until his promises to the big boys have been fulfilled.
The plan is unfolding........ For the pilots; leave if you're on the long haul award and have anywhere to go.