Quote "This has come off the back of the higher fuel price," Mr Gregg said. "We have already signalled to the market that fuel costs would have an impact on our profitability and that we'd need to undertake a more aggressive program to accommodate the higher cost."
How about Instead of or at the very least in conjuction with the cost cuttingmeasures we put the ticket price up...There comes a point when there will be no more staff to retrench when costs rise and the employees they are getting rid of are the ones that directly deal with our passengers.
QF staff profile is getting more and more like an inverted pyramid everyday.If the cost of steel increases then the cost of cars and other products using steel also rises.
If the cost of fuel increases then the cost of the ticket has to rise as well not the unemployment rate.No wonder the credit agencies are lowering QF's credit rating...