Who Pays?
We do need to worry about fuel though.
A 744 is now burning US$7000 worth of fuel an hour more than last year or about US$14000 total an hour. That is approx US$20 per pax per hour extra or US$40 total. Work that out for our routes and ask who is going to pay. Either we get the pax to pay it or lose a lot of money. If we ask the pax to pay then fewer will travel and we will have to park aircraft.
A tonne of freight burns roughly 2 tonnes of fuel to get to the US and fuel is a higher proportion of Direct operating costs for freight. I doubt that we need all those new freighters now.