QAN is a much larger organisation. Look at the market cap of...

QAN is a much larger organisation. Look at the market cap of both companies. They are possibly both undervalued but with times tough not many are interested hence the poor share price.
Both airlines carry large cash reserves which is probably the basis for their share price.
People arent buying new planes so the value of their assets (planes) have also decreased.
Long term possibilities for both but other more interesting things out there at the moment.