Originally Posted by
KABOY
The Australian airline industry has become so insular to global events thanks to government bailouts, it’s time to wake up.
Joyce said QF was screwed if it wasn’t for a bailout.
Yet. As soon as they start seeing cash flow again, they go out and acquire more leverage for the next downturn. An operation that was doing ok in the niche. Now proposed to be swallowed by this corporate animal.