It`s not predatory pricing.
Predatory pricing is where two entities conspire to price out another. Now if Qantas start a $3 'sale', then the ACCC will have to investigate. If Virgin did it, then there might be a case also. However given how much they hate each other, both companies should be able to get away with it.
But they have classed it as a sale. And as there normal marked price is still the same, ACCC can sit in there office and continue to do nothing.
Another question. Why should an overseas operator be given any kind of special treatment or assistance? Compass, Impulse, Ozjet, all owned by Australian`s. I don`t remeber the ACCC helping anyone of them out in anyway. Bashing the Qantas group just for the sake of it is getting a bit tiresome. They are after all, an Australian company, atleast for the time being.