Many, many lines have been written here stating that people will pay a premium to fly with Qantas......it just isn't so.
This seems to be the case -
Having been a long time QF Platinum FF, there was a definite "not happy Jan" moment when my company booked me on Tigerair a few months back, but bugger me, the flight was on time, nice clean new aircraft, and great friendly happy cabin crew... and only $49 (plus an extra $14 to get a better seat)!
And it looks like he stayed!
Flights since have been the same all good and nothing over $119.