Acknowledging that federal intervention may do more harm instead of resolving the issue at hand, Prime Minister Julia Gillard reiterated her calls on concerned parties to resume dialogues and find reasonable ways of ending the ongoing Qantas Airways labor squabble.

Ms Gillard credited Qantas officials for tossing in initiatives that she said could spark the immediate resolution of the labor row that has so far impacted not only the airline's normal operations but also the nation's economy.

In a statement, Qantas CEO Alan Joyce voiced out his fear that a protracted industrial action will definitely spill over outside of the troubled company and inevitably endanger the job security of 'innocent bystanders'.

With no clear resolution in sight, Ms Gillard said on Thursday that wielding her power as provided in the Fair Work Act seemed attractive at this time but such act, she admitted, could carry damaging repercussions.

The best alternative for now, Ms Gillard stressed, is for all parties to sit down and exhaust all avenues for an amicable agreement that benefits everyone as she highlighted Joyce's initiative to Qantas employees that could "resolve the dispute."

"My message remains to the parties, get around a table and get this fixed," Ms Gillard said as she aired concerns that continued dragging of the problem would only inconvenience thousands of passengers and hurt businesses.

So far, the Prime Minister's call seemed to have reached a listening ear as the Australian Licensed Aircraft Engineers Association (ALAEA) postponed its scheduled protest action today in deference for a discussion between Qantas and industrial umpire set for next week.

ALAEA federal secretary Steve Purvinas told The Australian that further industrial actions sanctioned by his group will not take place until Oct. 28, an act that he said would hopefully merit a reciprocating move on the part of Qantas management.

Purvinas added that his group's position is simple and that is for Joyce and the rest of the airline leadership to review their demand for a three percent salary hike.

At this point, the government is optimistic that an intervention would be the last option as Assistant Treasurer Bill Shorten has indicated that they will leave it for the parties to arrive at a conclusion on the labor dispute.

"Qantas has indicated it wants to keep negotiating, as have some of the relevant unions," Shorten was quoted by The Australian as saying.