framer
QF know that it is politically impossible to have a monopoly in the domestic market. International competition has always been there.
They know there will always be a domestic competitor so the comment you quote makes sense to me.
As far as Virgin Blue goes I have previously observed that QF have them in a vice. JQ have lower costs and can absorb more pain, whilst QF have a larger network, so more connectivity. Virgin have chosen to take on more cost to try to compete with QF and wound up in a cost bind IMHO.