Yeah Rak a San...good points!
QF have been keeping capacity for a long time now and this is no supprise. Dixon's good at the spin associating it with the oil price.
The Cooly flights have been on the nose for a while...QF would have left long ago if it wasn't for the local white shoe brigade that don't want Jetstar!
Great timing too with the EBA's....notice there hasn't been any profit downgrades announced.
Fares have gone up indicating Qantas feel the market can absorb it but then announce capacity cuts...doesn't make sense in the pure business sense.