Qantas got through The Great Depression as well as "The recession we had to have".
Also, a handful of wars/conflicts, energy/oil crises, privatisation, labour strikes, changes of Guvmint, an asian economic crisis/bubble burst, some buildings being crashed into in NYC, some birds having a cold, attempted sell-off etc, etc, etc.
Everyone have a BEX and a good lie down. !!
you forgot Qantas got through all of those with
Zero competition on the pacific route and that route accounts for 10% of its entire bottom line.
Now there's V Aus, Delta and United to compete with, together with a tarnished safety record and the other factors like no credit flow.
you're too complacent to be lying down
