Beltway Confidential

Australia’s crony-capitalist regulation, and one airline’s clever end-around

By Timothy P. Carney
Published August 9, 2023 2:11pm ET
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Australia’s crony-capitalist regulation, and one airline’s clever end-around
FILE - In this Thursday, Feb. 21, 2013 file photo, a Qantas plane prepares to land at Sydney Airport, at Sydney, Australia. Qantas Airways Ltd. ,on Thursday Aug. 21, 2014, posted a record 2.8 billion Australian dollar ($2.6 billion) statutory loss for the last fiscal year reflecting a profit-draining battle with its smaller rival Virgin Australia and aircraft write downs. (AP Photo/Rick Rycroft, File) | Rick Rycroft

Australians, like the residents of many wealthy countries, are itching to travel overseas more. International air traffic worldwide is growing by about 70% per year.

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Air Travel Australia Crony Capitalism