months.' Qantas' record profit for 2003-04 were in sharp contrast with the financial performance of most airlines worldwide …. After losses in 2001 and 2002, airline finances were dealt further blows in 2003 by the Iraq war, and the severe acute …

Extract:Australia's domestic airline markets became deregulated on November 1, 1990. A sole new entrant, Compass … Airlines, first flew passengers a month later. A little over one year later, Compass was grounded by its creditors, on December … airlines) blamed Compass management, for the opportunities lost. But all parties probably now agree that there have been …