Make no mistake 65% of the Australian domestic market plus the infrastructure is very valuable. I fail to understand how the current Qantas strategy is going to do anything to maximise shareholder value in the long term, and their litany of failures makes me wonder if this is deliberate although I am sure it is all perfectly legal...or I was until the resignation of the company secretary and his assistant.
Translation: Could I be forgiven for wondering if something stinks at Qantas and it has been that way since at least a few years before the APA bid?
Or to put that another way, "are the birds coming home to roost?"