Future Qantas merger likely: CEO
Updated
The outgoing chief executive of Australia's national air carrier, Qantas, says a merger with another carrier is inevitable in the next decade.
Geoff Dixon, who steps down in November, yersterday announced a record $US 849.5 million profit for the airline.
But he says the industry is capital-intensive and Qantas will have to consider a merger in coming years.
"I just believe Qantas as big as it is and its just about the 10th biggest airline in the world which is quite amazing when you consider Australia's the 54th biggest country, but we still are not big enough in five to ten years to do it on our own."
