Qantas CEO Alan Joyce has become a major drag on a prime ministership with alarming parallels to Qantas flights.
In that same year, Joyce commissioned and issued a Deloitte Access Economics report detailing “the Qantas Group’s contribution to the Australian Economy”. Unsurprisingly, it is splendiferous, finding that Qantas is an economic keystone which contributes 0.7 per cent of gross domestic product. Why did Qantas feel the need to issue such a document? Well, let’s just say it’s come in handy over the years.
. Now that Qatar wants to add more flights, maybe reducing the cost of airfares a bit, Joyce is arguing that competition would kill the flying kangaroo and probably plunge the nation into penury. Don’t forget that 0.7 per cent of GDP! An adverse Federal Court finding could wipe out any profit for the airline. Now, remember it was only last week that Joyce told us he was going to repay the pandemic handout with corporate tax. Perhaps that idea won’t fly: “If you don’t make money, you don’t pay the tax.”
Meanwhile, in bad news for Canberra, Alan Fels, the former head of the competition watchdog, is making sure that politicians can’t slink out of the Chairman’s Lounge unimplicated. Fels told ABC radio this week, companies should be looking after shareholders but the government should be looking after consumers, not companies.
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