NR told me that when oil was around 140 a barrel it accounted for 40% of CXs operating cost, at the moment it is under 40. They are predicting only 1% growth this year........ That's on an all time record year last year. Aeroplanes at the moment are full, sure a lot of J are not full fare, but the A/C are mostly full. It has been widly reported by people smarter than me that CX have completly stuffed up the fuel hedging ( maybe QF could run a hedging course for beginners, first students - CX ), and the way they report it makes it sound a lot worse than it is.
So tell me, where should the redundancies start
