profitable airlines, page-61

Unions and wages are only a small part of the problem.There are many other factors , and besides, wages are symptomatic of a broader Australian problem.High cost and low productivity, and dare I say it,....in some cases poor management.This is also affecting numerous other industries.
A good example is the LNG industry where a major project is at least 50% cheaper to develop in the US.holden is another example .We can no longer produce cars cost effectively/at a profit.
Dont get me wrong , the unions are not blameless in this mess.
Anyway, back to QAN.Service has been bad for years and consequently many people that used to fly QAN have tried other airlines and found not only far better service but also cheaper flights.
Problem is that QAN is now saddled with a very high cost structure and a sullied reputation. Any new investors will have to make some big far reaching decisions if they want QAN to survive.Unions would be wise to lie low or frighten investors away.In the meantime , new travellers might not want to risk booking and paying for QAN flights in advance, which will further exacerbate the problem.
finally, it is not the Govts responsibility to bail these companies out (QAN and Holden).that would be throwing good money after bad and simply delaying the inevitable.
It wasnt hard to see any of this coming, even ten years ago when I sold my shares.