Tuner 2 - "I'm sure the company would be pushing for a new set of terms for a new type. I doubt it will sink to the depths of the jetstar WB terms or the Virgin 777 terms though"
...... and that, in a nutshell, is why QF is in trouble in its current form. Adapt and survive.
If indeed JQ and VA have significantly lower crew costs, as suggested above, then any competitor will need to adapt or face the outcome of higher operating costs in an industry where margins are less than the bank's offer in interest for cash deposits.