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BA/Qantas are showing great prices from the UK just now, £670 to Melbourne via Bangkok.
I had a big problem with Qantas a few years back (double booking, massive cancellation/correction fee) but have to say I have never had a bad flight with them; I can't remember any serious delay or lost luggage.
I flew premium economy with BA on one trip and it was good, nothing special but pretty big seats and enough room to wriggle around. I'm a bit wary of using Heathrow at the moment, but would fly Qantas without a second thought.
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