When QF's share price dropped below $1.00 the last time (a few months ago), unconfirmed rumours "surfaced" that QF was a possible takeover target. The share price then went up.
QF's share price dropped below $1.00 again yesterday and magically rumours of a tie up with EK "surfaced". The share price then went up.
It was only a week or two ago that the rumours were QF were going to tie up with QR and QR was going to join Oneworld. Now suddenly QF are going to tie up with QR's direct opposition? Someone is certainly wrong with their rumours!
I will believe this EK tie up when I see it. A tie up with QR is far more realistic. A tie up with EK will be the death of all QF European flying and a reduction of flights to Asia. Even if QF1/2/9/10 were all rerouted via DXB, that would be two QF flights daily to Europe versus more than ten flights daily on EK. With EK serving all major capitals direct once ADL comes on line, I cannot see any major increase in domestic travel for QF from the tie up (the vast majority will fly directly to where they are going, only a small number will fly to other ports and QF would already have most of this business anyway).