Not sure about a 65/35 split being a "cosy duopoly" but yeah the domestic competition is definitely limited
Well what else is it then? QF and Jetstar versus Virgin and Tiger (with VARA tacked on).
I do not envy any CEO going into such an absurd shareholder tug of war.
The stress and conflict of interest is at board level. The CEO follows the board and chairman's directions. It's not as if Borghetti has multiple bosses to appease or please. He simply follows what he is told. Of course his input into strategy is part of the mix but ultimately the board sets the agenda. The odd route here and there has been played with, agreed, but the vast majority have not. Just some odd strategic decisions.