The implication of what Joyce says is that Qantas cannot afford to be Australian to be competitive
Cathay Pathetic is run by over-cautious fools ( very sly, greedy ifools ) pay their pilots more, probably has triple the ground staff ( check in, baggies, cleaners etc etc ) operates lots of flights into China ( especially through dragonair ) which thanks to the Chinese generally burn 25% more gas than a normal flight and still manage to post a profit well in excess of 14 BILLION HKD.
So what the hell is that little leprechaun
doing ?