A more rational view
I just noticed this item by Ross Greenwood.
money.ninemsn.com.au/article.aspx?id=575329
It makes sense to me. I think it also could be applied to Qantas or Regional Express or the Kiwis. You start off by asking how realistically is fuel going to be where it is for so many years while nothing else changes? If the projections were to come true, everyone would go broke. If anyone puts up the fares between Sydney and Melbourne by $30 (or about one tenth more than I paid a few months ago) it would be about half what I paid to park for the day and less than half the cost of driving there based on fuel alone, although the numbers change a bit if I use Canberra but there are fewer flights.
Why did such a bull**** story get everyone so excited.