Fuel costs rose $416 million in the December half, driving the carrier's key measure of underlying profit before tax to its biggest decline in four-and-a-half years, its results published this week show. The pain was particularly concentrated on longer overseas routes, which accounted for just over half of the increased kerosene spending.
Pretty obvious by now.
Little Napoleon's legacy is complete. He has 'transformed' airline CEO remuneration.
That Mr Goyder sits there, fiddling as his predecessor was fond of, the fleet gets older, the competitors move further away, having lowered their fuel included CASK a decade ago and the long suffering staff prepare for yet another industrial campaign (distraction)
Kind of ironic that the decline in earnings a result of the 'higher fuel cost' was observed before the self enriching 'transformation' program in FY15.
The 'transformation' year profit was $597 million of reduced fuel cost, a depreciation change and not much else....
Now the increased fuel cost is responsible for the decline in profit.
Is Qantas 'de transforming' ?
A village is calling.
Qantas need leadership.