Anyone who thinks Qantas or Air New Zealand are managed poorly are deluded. They are among the few conventional (non-LCC) carriers in the world to turn a profit. I sometimes think that pilots and other airline employees are unable to look at the big picture
Point well made cloud, however the even bigger picture tells a slightly different story.
The profitability is based on anti-competitive practices, an effective duopoly in Australasia (yes EK and others operate into NZ and Oz..they don't however benefit form a regional feeder network that is a monopoly..) and the organizations are still struggling with antiquated working conditions. (The Air NZ bailout..QF heavy maintenance etc etc)
Put simply the market place is distorted with national interest and profiteering, the good old customer is the one paying through the nose for a product that is at best 20-30% overpriced.