Labor blocked Qatar flights to protect Qantas’ profit
Qantas’ record $2.5 billion profit was “a good news story” and the Albanese government blocked extra Qatar Airways flights to keep the national carrier profitable, Assistant Treasurer Stephen Jones said.
As Labor talks tough on competition policy and prepares to crack down on monopolies and duopolies using market power to dud consumers, Mr Jones indicated that Qantas was a special case.
The story has been updated to provide additional information about international flight prices and to make clear that Qantas’ view that international flight capacity would not catch up to demand until 2028 related to the global industry, not its own operations.
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