In recent years, QANTAS appears to have lost the skill of delivering passengers and their luggage to the same city.

Some will try to say it’s the fault of capitalism. It’s crony capitalism that is actually to blame. Crony capitalism is the network of cosy relationships between selected corporate mates and the government. Unlike actual capitalism, it’s about using the government to squash competition and secure preferential treatment from the government.

QANTAS has received billions in taxpayer handouts in the last few years alone. The government has blocked competitors like Qatar Airways from entering the market. All of this is a form of corrupt crony capitalism and Australia pays for it.

It’s the government getting involved in the market that has allowed QANTAS and Alan Joyce to pull off their heist on Australians.

Transcript

As a servant to the many different people who make up our one Queensland community, I wonder, as many constituents do, who does Qantas have photographs of? How can Qantas engage in restrictive trade practices, fraud and a scorched earth policy approach to industrial relations and still be called Australia’s national airline? Are these our national values now? 

The decision of the Minister for Infrastructure, Transport, Regional Development and Local Government to stop Qatar Airways from increasing their number of flights to Australia provided a direct financial benefit to Qantas. As a result, everyday Australians are now paying higher airfares on those international routes than if Qatar had been allowed to provide competition to Qantas. I note that, over the last 12 months, Senator Sheldon has been resolute in his attempts to hold Qantas accountable through the Senate committee system. I welcome Senator Sheldon’s comments and appreciate his one-man war on the temple of uncaring corporate greed that Qantas has become. Let me be clear, Qantas is an embarrassment to free enterprise competition. Everyday Australians are now faced with dysfunctional, unaffordable air travel simply because the government keeps sticking its nose in where it does not belong. It shouldn’t be up to the government to decide how many air flights an airline has. The free market should sort that out. Free enterprise competition based on pricing, service, safety and availability would sort that out. 

Passengers make their purchase decisions on aircraft tickets based on the most fundamental duty of an airline, which is delivering a passenger to their destination at the same time as their luggage. It’s a skill Qantas seems to have lost. Free enterprise competition ensures the airline with the lowest fares, best service, safest planes and most reliable luggage will gain market share, and airlines who treat their customers with hubris and arrogance will fare badly. Free enterprise competition makes companies better. We do not have free enterprise competition in many industries in Australia, including with airlines. We have crony capitalism, a club of investment funds and their corporate henchmen who maximise short-term profits and dividends over the best long-term interests of a corporation or there’s personal greed from the corporation CEOs. It is a type of corporate asset stripping that’s behind the fall from grace of our once loved national carrier. 

To dress this decision up as being in the national interest is misdirection and misinformation. Qantas is a private company whose actions are decided by leading shareholders First State, Vanguard and BlackRock. Others pulling the strings at Qantas are JP Morgan, HSBC, State Street, Goldman Sachs, and Citicorp, which explains a lot. The Qatari government fully owns Qatar Airways. There is nothing in this deal for the predatory billionaires that control Qantas. Was this the reason for the decision to block Qatar Airways’ expansion? If so, who is really telling the Albanese government what to do?