Hey Schlong, in this part of the world that means 'Big D*ck', well chosen. Either read the post or leave it alone instead of regurgitating your preconceived notions of what screwed a great ozzie airline.
Even Ansett claimed to only have made a profit for about two out of the last 10 years, the two just before ANZ bought the 2nd 50%. Bit of creative accounting from Reddy Eddy I'd say. Makes you wonder who actually stripped the assets when, recalling the surprise about leased vs (formerly) owned aircraft when the administrator got in.