I'm sick of this "airlines aren't a good investment" bullshyte.
Airlines are a very, very good investment if you can buy one CHEAP!
Qantas pulled a $500 million profit out of its backside. Whether that is "Good" or "bad" depends on what I paid to own the airline. For example, If I bought the airline for $2 billion and have no debt, then that profit is a 25% return!
Don't you understand? The "end game" involves the APA bidders buying the airline for a song and laughing all the way to the bank.