virginexcess, the way management have dealt with it has actually made the cure worse than the disease. The international Jetstar franchises have been an unmitigated disaster. This has crippled the group financially reducing the time left to adapt, resilience has been diminished.
Management are now having to do insane things like park new aircraft at great expense against the fence or sell them (no doubt at a discount). There are another 70+ new A320 airframes on order yet to be dealt with. Its not the wages that have destroyed QF, its been the failed management strategy.