Quick back of the envelope calculation...
On every 100 tones of jet fuel you are now looking at an excise increase of about $7700 to over $13,000!!!!! That's a lot of coin in anyone's language.
I wouldn't want to guess how much this is about to hit the domestic aviation sector. There is simply no practical alternative to air transport in this nation.
Price sensitive areas of the market (read Tiger and Jetstar in particular) are going to be hit hard. Virgin will also be hit hard as it relies so much on the domestic market. QANTAS? Well, who knows wtf QANTAS are going to be doing after 24th August anyway.
I doubt Senators Milne and Brown are planning to row back to Tasmania by the way.
Last edited by DirectAnywhere; 11th Jul 2011 at 00:22.