AJ did say in his recent Bloomberg video puff piece "my responsibility is to the board and the shareholders" and then a few remarks later "we try to improve profitability while not impacting the customer experience"
Can the two live in peace side by side?
You mean, like ebony and ivory, side by side on my piano keyboard..?
Note that AJ said "We try", which is a qualifier, but yes, actually they can – not always easy, but definitely do-able. You
can improve profitability and not impact the customer experience, there are even examples where the customer experience was improved while also saving money.
Cutting costs without cutting passenger experience: QF used to fly A330s SYD-MEL-PER with water tanks fully loaded. This meant using a lot of fuel to carry water which wasn't needed on the SYD-MEL leg. Decision was made to only fill the tanks to maybe 1/4 for SYD-MEL, which was still ample for what passengers needed on that short leg, and then fill 'em up for MEL-PER leg. Fuel saved, money saved, no impact to passengers.
Cutting costs and improving passenger experience: QF used to serve those individually platted little pats of butter in business class. The butter costs bugger all, but the overall human cost of preparing the platted pat was higher, it was more than the butter. QF switched to those little pre-wrapped Pepe Saya pats. They cost more than the 'old' butter pats but taste so much better, look better, but the key thing is that the overall human cost of preparation was reduced, and this being the more expensive component of the operation meant that QF saved some money (again, measured in a total operational sense) and improved the customer experience.
So, yeah, you can actually can costs without a negative customer experience – it's not always easy (although on reflection, the A330 water thing now seems bleedingly obvious!), which is why you don't often see it, as it's simpler just to swing the scythe through the spreadsheet - but it
can be done.