ASB?: Kill your national carrier

Korean air. It had string of crashes between 1997 to 1999. Including flight 801. If one more happened, the company is finished.
 
Cathay... IIRC they're dubiously profitable. Maybe the CEO says something nasty about Xi and subsidies get axed.
 
Cathay... IIRC they're dubiously profitable. Maybe the CEO says something nasty about Xi and subsidies get axed.
You can go either way with Cathay Pacific. You either make mainland carrier grow strong enough to make Cathay redundant, or the Chinese airline market bubble burst and Beijing choose to let Cathay die to save others. Do you have a timeline that would work?

There was the attempted private equity takeover of QANTAS back in 2006. Fair odds that if that had come off the company would have been asset stripped, used to carry debt from other takeovers and then shot into bankruptcy...

Another option would be less investment/fleet renewal in the lead up to privatization, or possibly no merger with Australian Airlines prior to the merger. The first sets shit up to hit the fan when new airframes are needed, while the second means QANTAS doesn't have the juicy domestic market dominance to keep cash rolling in.

Or the 2011 strike and subsequent grounding and lock-out (and associated 2014 faux-big losses...) could go much worse than OTL.

Or we could look into the future... with the limited investment over the last decade or so in QANTAS proper under Alan Joyce (in favour of a variety of failed or poorly performing ventures related to Jetstar), the fleet is starting to show it's age and is noticeably less fuel efficient than many of it's competitors... Throw in an oil price spike and things could get bad.
Do you have a timeline with earlier POD that can make 2000's energy crisis, with oil at $147 per barrel, enough to kill Qantas?
 
Philippine Airlines.

Have East Asian Financial Crisis hit the Philippines harder than in OTL. In OTL, PAL temporarily stopped its operations (domestic especially) in September 1998 and Cathay Pacific temporarily filled up PAL's domestic routes.
 
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