Joe Hockey (North Sydney, Liberal Party, Treasurer) Share this | Hansard source

In 2007, there was an $11 billion bid for Qantas—an $11 billion assumed market cap of Qantas. In 2009, when I made those comments, the market cap of Qantas was $4.5 billion. Today it is $2.5 billion. In 2009, when I made those comments, Ansett had gone, Virgin was not a full-service airline and Qantas had a much bigger proportion of traffic into and out off Australia than it does today. Qantas today, compared to Qantas in 2009, is a very different airline, in a very different aviation industry. Labor does not get it. The only difference is, Labor is going back to 1992—

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