Originally Posted by Sunfish
I also venture to suggest that without the windfall of lower oil prices Qantas would perhaps be still in the Red.
Was it a windfall or reversion to the mean?
This chart [Note it is inflation adjusted to 2014 dollars]
makes the case for reversion to the mean. It could also explain the choice to go with the A380 in 2000 at a low point in the cycle.
Raw data is here:
Historical Oil Prices: InflationData.com