Calmer conditions help Alan Joyce beat Murphy's Law

Qantas is on a much smoother flight path now, but only some of that comes down to the airline's CEO. Most it reflects reduced competition, oil and the dollar's dip.

It is now apparent that the Qantas market update yesterday not only confounded Alan Joyce's critics but completely blindsided the market. With the group's share price surging 20 per cent since that announcement, the critical question is whether it can actually deliver on the soaring expectations.

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Stephen Bartholomeusz

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