"So the demand is there and … if you're the incumbent carrier this is a disaster - if you're the non-incumbent carrier, this is an opportunity," he said during Delta's first-quarter earnings briefing.
By they way, he also announced a 2009 Q1 loss of US$794 million.
Opportunity for what? To lose even more money? At this moment, seats on QF from west coast U.S. to Oz are being advertised for as low as US$550 return, just to fill empty seats. How is saturating the market even more an opportunity? Delta lost billions last year, and is on track to do the same this year. The only plus side for them is they can irresponsibly lose billions, and then cry for chapter 11 bankruptcy protection, something not available to Qantas. Maybe outlast is a good enough strategy. Definitely not an even playing field.