Qantas international's higher costs are not because of less efficiency. More than one-third of its costs are fuel and aircraft depreciation. Qantas is generally more fuel efficient than other airlines because of its choice of aircraft and flight paths. And its aircraft procurement team is an excellent one, able to screw down the best deals on planes
From an article in the SMH today by '
Tony Webber, an ex-chief economist with Qantas Group, is managing director of Webber Quantitative Consulting'
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