When most Australians are struggling to pay their bills, government intervention to protect a company making record profits does not appear to be in the interests of the people.
. In fact, the government’s decision distorts the market in favour of his company.
Qatar is in the unique position in the context of a constrained global supply of wide-body aircraft, to be able to quickly make available four additional services per day to Australia. This would deliver much needed and immediate benefit to the tourism industry and cost-of-living relief to the Australian travelling public.
Our country would also benefit from international visitors then taking domestic journeys once on our shores, which supports domestic airlines, tourism and related-industry job growth. Meanwhile, Qantas sits on $500 million worth of flight credits for pandemic cancellations, money it no doubt uses for interest and investments as Australians struggle to find a way to use and get value from those credits.As a former chairman of the ACCC, I have witnessed all kinds of anticompetitive behaviour by monopolies, duopolies and more, but this decision sits high in the pantheon of uncompetitive outcomes brought about by the Australian government.
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