AO,Qantas and the Japanese Market

[argusmoon]

Late last week the The Bank of Japan stated its position regarding the Yen.
The Yen of late has been sliding against all major currencies.
The BoJ states that it is not concerned and indeed indicated that over the next 2 years can see the Yen reaching 160 against the
greenback
It is currently around 91 against the $A.
This means travel overseas by Japanese will become more expensive.
In real terms a declining market.
The decline in interest in the Japanese market has been evident at QF for some time.The introduction of AO into this market is a further emphasis of the QF Group's view that Japan will become a secondary source of profit.
The QF Group sees India and China as the next economies to provide greater growth opportunities.
Eventually QF will provide a code share with JAL to NRT.
Another destination to be lost.
It is interesting that management rattles on about its growth strategy in the last 10 years,when in fact the QF Network is the smallest it has ever been