There has not been much fear spread around in terms of implications to the balance sheet, but I think it’s pretty clear, it’s going to be nasty. They can’t drag International along in the mud for the next three years, it will sink the whole operation.
Long Haul would be viable from next year, at what, a tenth of what it is today? Even if that. Jetstar 787 is dead.
Domestic wise, Jetstar carries a large amount of foreign travelers. A quarter to half of most of my flights are tourists. Won’t be seeing these guys in the same capacity for a few years. Not much different to the Corporate market over the fence, but could rebound sooner.
A rebounded QF Corporate Domestic Market can’t subsidize a slow rebounding Jetstar Leisure and Qantas LH forever.
Last edited by PoppaJo; 23rd Jun 2020 at 10:09.