Fuel will eventually kick up again and the operating cost of old fuel inefficient aeroplanes will bite
The IEA (International Energy Agency) agrees.
- The world consumes 30 billion barrels of WTI crude a year.
- The world discovered 550 million barrels per month.
- The draw down on reserves was accelerated.
- The 'replenishment rate reserves for Oil and Gas was 11%
- Oil demand rises 1.3 million barrels per day.
This information is publicly available and accessible.
The smartest guys in the room would know this if half competent.
Qantas need a new fleet.