Qantas Shares Slide as Joyce Says Carrier Must Grow or Die

Qantas Airways Ltd. must “adapt or die,” Chief Executive Officer Alan Joyce told Australian lawmakers last week as the nation’s biggest carrier confronts rising costs on unprofitable international flights. Peter Bentley, a customer for more than 10 years, agrees.

“They don’t have enough choices for what I need right now,” said Bentley, head of sales for Pikes Wines, a vineyard based in the Clare Valley of South Australia. “We are on the doorstep of Asia and that is where we have the growth, and yet we seem to have these outdated ties to ‘Mother England.’”