1a
Spot on.
The real agenda was to break the unions instead of investing for the future of the QF brand. You cannot run a full service brand against an LCC on the same balance sheet. Well I guess you can because the lunatics in charge have done it. But it will always end in tears.
I think SQ is tempting fate with the same kind of MBA idiocy.
The sad reality is that no-one from QF management has been on the shop floor for decades. They simply do not have the backbone for it. They live in a parallel universe where spreadsheets become reality because you can print them out.
I tend to agree with some conspiracy theorists that QF is being set up for a pig roast but on second thoughts I actually don't think management and board are that smart.