DJ are not doing so great. Sure DJ are expanding market share but they are spending heaps of borrowed money and you can't live on debt in a tough environment like we have now. Their DE ratio is about 177% and that is about double that of QF. QF's DE isn't good either at 98% but they also have 3.5 Billion in cash. Very deep pockets. I'm sure AJ is trying to figure out how to send the company broke and keep hold of the cash at the same time!
QF's EPS is 10.9 cents Vs a lousy 2.9 for DJ. Qantas shares are still worth a lot more tha DJ, provided no other bad stuff crops up of course.
SN
PS, hope that's makes you feel better TW!