[Gary B]

With all due respect Will, the current CEO could have ordered fuel efficient 777 aircraft as CX, SQ & EK have & are.The majority of the passenger 747's should have been sold some time ago (like CX & SQ).
The CEO is ultimately responsible for the huge Freight cartel fines recently served on Qantas.
Most of the current years profit is derived from QF domestic so based on Joyce's logic for return on investment, the first 787's should go there to replace aged 767's & compete with Virgin for the business market.
It is a flawed plan to have premium A320 a/c trying to compete against Singapore Airlines wide body aircraft. The current CEO has wasted millions of dollars at Jetstar Pacific & is only just supposedly making a small profit after 5 years of losses in Singapore. He is contracting the Qantas network because of inefficient aircraft on the route. Qantas is the only International Airline that can lose money with an 82% load factor. What does that say about yield management or owning the wrong aircraft type?
That wonderful profit also comprised $95 million from Rolls Royce as compensation.How much was derived from compensation for late deliveries of 787's?
The current management is obsessed with the low cost airline strategy. Qantas needs a CEO like Fyfe from Air New Zealand who engages his staff and isn't in conflict with his unions. I think Qantas staff engagement is at the lowest level ever & that is directly related to poor management.