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“Qantas has been through an exceptional period in its history over the past 12 months.” When Alan Joyce, the Australian airlines’s chief executive uttered the sober statement last week, there were few “Qantas has been through an exceptional period in its history over the past 12 months.” When Alan Joyce, the Australian airlines’s chief executive uttered the sober statement last week, there were few in the global aviation industry who didn’t feel a degree of empathy. The national flag carrier admitted it had racked up its first annual loss since it was privatised in 1995 but Mr Joyce is not alone as he flies through dark skies. He doesn’t have to cast his eye far before he finds a competitor in similarly turbulent times.

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