Captain Sherm
You overestimate the ability of QF management to...well...manage
In my time I have had contact with most of Qantas senior management.....Borghetti is a neighbour...none of them posesses a particulalry scintillating intellect.Dixon doesnt even have a basic MBA.
They have been extremely lucky.Ansett fell over...the Howard government particulalrly compliant and it took Virgin a while to get on its feet.
Delays in aircraft delivery have kept capacity tight and yield high
To paraphrase...a drovers dog could have run QF over the lasr ten years and made a tidy profit.
Not bemused and not amused