"Unfortunately foreign ownership didn't go their way but they've had a fantastic 2001-02 and have a great outlook for 2002-03 and the Air New Zealand transaction ahead of them." Qantas's near 80 per cent share of the domestic market will provide the foundation for the result. It cushioned the airline from a sharp drop in demand for international travel after the September 11 terrorist attacks, which sent Swiss Air and Sabena to the wall. US Airways has filed for Chapter 11 bankruptcy protection while United Airways is tipped to follow suit. SSB transport analyst Jason Smith expects Qantas to make around $650 million in the current 2002-03 financial year, underpinned by a "significant" rebound in international routes between New Zealand, Japan, and the US and the launch of Australia Airlines. He also sees continued strength in the domestic market and cost savings through measures such as the introduction of more fuel efficient aircraft and wage controls.