The company, based in Sydney, is overhauling itself after two years of heavy losses.
But the company registered a profit in each of the last two quarters and has overhauled its marketing, he added.
The company has eliminated numerous jobs, and overhauled itself as it tries to remain independent.
In May 2012, the company overhauled its "community forums."
Since its start in 2002, the company overhauled its corporate infrastructure several times.
The company said that if the unions did not cooperate, it would start selling assets, overhaul the airline, and lay off workers.
The company also overhauled its online software and services due to increasing competition from rivals such as Yahoo!
Among other things, the company has overhauled a management assessment program used to determine whether a manager was qualified for promotion.
The company has overhauled top management, adding new heads for its two largest divisions, Keds and children's shoes.
The company overhauls its design over a two-year cycle.