I beg to differ on the basis of being a past professional aviation participant with many friends on the frontline, if we forget the 5000 or so already gone in the last two big sweeps of 2009 and 2006 here is whats happening:
120 Pilots jobs to Emirates on furlough
350 Cabin crew in addition to the 150 from 2009
In terms of engineers:
20-30 in Base Maintenance Sydney due to the retirement of 4 x 747-400 aircraft.
128 LAMEs across the country due to the commencement of maintenance on demand.
Thats close to 800 jobs alone at the frontline that will be gone OS from this round, if we factor in Jetconnect, overseas heavy maintenance (OGG just got back from a repaint) and overseas cabin crew organisations, its very much a case of jobs going overseas, if your still not sure hop on JQ35 SYD-MEL and look at the crew makeup!