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Malaysia Airlines faces restructuring if it wants to survive. EPA/Olaf Kraak

Malaysia Airlines now faces stark choices in a battle to survive

The airline industry has a history of poor financial returns. On a global basis the cost of capital hasn’t been recovered any time in the past 25 years, and in 2014 the industry-wide profit forecast by…
Qantas is investing in a loss-making strategy, and there’s no easy way out. Dave Hunt/AAP

Qantas can bleed now or later, but capacity war must end

Tony Abbott has thrown a curve ball at Qantas in refusing to offer up the debt guarantee it wanted, but seeking to abolish Part 3 of the Qantas Sale Act in its entirety. This opens the door to foreign…

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