This morning Sky Business were talking oil to potentially spike through $100per barrel by years end so if this becomes reality QF have been smart pre-empting the market by this news.
Literally most of the 600 787 airliners flying have been protecting their operators from rising fuel included CASK for the last five years!
Sorry we politely disagree, pre-emptive it is not. Any oil industry analyst has been warning that contango is very much part of the
term structure of crude oil pricing for the last 12 months. Qantas are forward hedging fuel, but they are hedging into a bigger headwind.
The point of this thread is that they have been way behind on this issue having only been spared because of the low fuel prices, which now is accepted are no longer so low.
Qantas need a new fleet.