IMO what we need to realise is that in ten years Qantas international will probably have 12/20 A380s and the 330s and 747s will be gone replaced by 787/777x/A350s. The present wage bill for pilots is approx $800 million per year. If 20% of the pilots remain on current wages and conditions (A380) but the other 80% go on to a different system with no overtime or night credits (a pay cut of approx 30%) then the wage bill of $800 million is reduced by approx $180 million per year. A huge win for management if it gets up.