Qantas didn't expand under Dixon because Strong and Toomey didn't invest in new fleet to the extent required. They generated profits by selling the farm and got paid bonuses as a result. Qantas was left behind the eight ball through their lack of foresight. The problems with Qantas are many and varied and not one CEO has so far managed to see the real issue. It stares you in the face every day. If you leave the sheltered workshop of the Qantas Campus (WTF, it's an iconic airline, not an experiment for fresh MBAs).