Originally Posted by
Blueskymine
I suppose an analogy is this.
Qantas is like a conservative 60+ year old couple living in the outer burbs who own everything, have various investments and pay for things in cash.
Other airlines are like a gen y share trader who own nothing, lease everything and has done pretty well
in the good times.
It’s good to own things when the times are bad. Qantas mostly owns it’s ageing fleet.
Imagine owning a modernised fleet and what could have been achieved over the last 10 years.
Also Qantas is not a conservative 60 year old couple, what they lack in lease commitments they make up for in debt.
Right now the answer seems by sheer luck to be correct, but with the wrong working.
In my opinion AJ has not done anything that any other CEO would have done in handling the crises. It's the past performance I'm dubious about.