Time to rejoyce

The unpopular boss of Australia’s biggest airline has quit. Does his departure create an opportunity for value investors?

“A Qantas crash landing” by DALL•E

Qantas, Australia's largest airline, was created by a small group of pilots in outback Queensland. Now, it's the biggest and most hated airline down under. The Flying Kangaroo, as locals call it, is mired in scandal. The share price has fallen, and the boss has quit. That raises the question: With the company facing so …