"Alan Joyce’s visit to the posh Wolgan Valley spa on a crisp day in May last year was no holiday. For the chief executive of Qantas Airways Ltd. (QAN) the exclusive resort, in a wilderness west of Sydney once explored by Charles Darwin, was hostile territory.
Wolgan Valley belongs to Emirates, a company former Qantas chairman Margaret Jackson once called aggressive and unfair. Over the past decade, the Dubai-based carrier had increased its share of traffic to and from Australia by a factor of more than 20, helping push Qantas into a A$450 million ($410 million) loss on international routes in the year ended June 2012."
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