What about oil prices
What about fleet renewal. Joyce has announced the retirement of 747’s, but with only a limited number of 787’s on order, the loss of ASK’s is huge. No replacement for the 330 fleet, the oldest of which arrived in 2002 and the fleet burns 20% more fuel than the equivalent 787/350 flown by ALL of Qantas’s competitors. No matter what the figures show, no Jetstar entity outside of Australia has ever made money and now JAL is setting up a low cost competitor to Jetstar Japan... Maybe the reason that international loses money (apart from the dinosaur fleet and subsequent fuel costs) is because frequent flyer makes so much money - they are mutually exclusive.