Doesn't everyone (here) switch to BAEC once they get to LTG in order to have a chance at LTP? Opportunity loss for QF.
Like Ansett, April next year will have me at LTG at the ripe old age of 34. I intend to maximise it's value over the remaining 40+ years of my flying life. It will be a cost to QF and I will most likely spread my spend among OW carriers, and probably send some of my J spend to other carriers, as you get the benefits anyway when in the pointy end. Saying that I will still almost exclusively fly QF domestically, so I guess they get what they want in the end. Golden handcuffs continue...