Qantas will be dead in 6 months

[Unphased]

IATA’s ‘Financial Health Monitor’ for May/June reads like a horror story:

• Net losses exceeded USD3 billion in 1Q2009,
• Oil and jet fuel prices have risen over 30% squeezing airline cash flows,
• Air travel volumes hit a floor in April and May,
• The industry continues to resize, new aircraft deliveries slowed buts fleets continue to expand,
• Excess capacity rising as result, forcing both transport prices and yields down at faster pace,
• Airline stock prices fall 2% in June as equity markets worry about cash squeeze on sector.

Thank God for Government funded life support.