PPRuNe Forums - View Single Post - REX AIRLINES Trading Halt
View Single Post
Old 2nd August 2024 | 00:22
  #318 (permalink)  
gordonfvckingramsay
15 Anniversary
 
Joined: Jun 2008
Posts: 1,259
Likes: 1,169
From: Kichin
Originally Posted by mikewil
I don't think its impossible. If anything, private enterprise will generally offer more competitive pricing as they are more efficient at doing things and the government enterprise will continue on the 'loss making' routes as they are obligated to serve such routes.

Example: when Optus first brought telecommunications competition to Australia and had to compete with government owned Telstra (then called Telecom Australia). Optus offered cheaper pricing in the cities etc, but Telecom had to still provide services in areas where Optus couldn't make a go of it.
The problem lies in the absolute lack of ethics in the C suite when it comes to promising things they can’t sustainably afford to deliver, and the overuse of ‘efficiency’ to justify short term personal incentives. Ego and political schmoosery are all most Australian corporations are capable of.
gordonfvckingramsay is offline  
Reply