AJ spruikes that Qantas is the best investment grade airline in the world.
It's been profitable for the last 20 years.
Last time I looked Australia's geography hasn't changed.
What has changed is Qantas' ability to compete on service standards with that of other foreign carriers.
How many times has Dixon & Joyce stated customers will pay a premium to fly Qantas.
They still do, the fares Qantas charge to Europe and the aircraft are still full.
I have spoken to CEO's in passing when I've had the opportunity.
Repeatedly they have told me Qantas don't compete internationally on product and network.