fearcampaign (such an apposite handle),
The execs are not "immune". They just chopped a few hundred of them in the 5000 cuts (I know about a dozen personally) and they've also had their own pay freeze for around 4-5 years. They also don't have a seniority based EBA to decide WHO get shown the door. Yes they do get 41Y, I know, but they also have worse duty travel entitlements that we do. No one ever likes to present the FULL picture, most of us just like to scream "bonus! bonus!". Most execs (apart from the level 3 and above) are also paid a base slary less than what many of our S/Os make.
The QF international business is still very marginal. I wish it wasn't, but it is and the people who actually make the decisions (not pilots, not pprune pundits, but the shareholders and the board) know that very well.