Gcc, I have never said customers want SQ, EK etc. What customers want is competition. - Real competition, not with one party with one arm tied behind its back.
The one concession that the government should have made to Qantas in return for letting in SQ and all comers is the removal of the 49% cap on foriegn ownership. This would have allowed you access to cheaper capital and debt so that you can get your weighted average cost of capital and debt servicing costs down to something like your competitors.