May traffic figures out. Dreadful. Only good point QF international load factor up 1.6% year on year. The worst Jetstar domestic down 3.2% and jetstar international down 4.6%. Standby for August 28 and the full year results. Il go around $1.5 billion. Very ugly I think.
VA have released their May stats and have shown a general improvement in both LF and RPKs. Both are suffering but VA are showing that it can be managed and they can see a way out. QF stumbles on.....