With recession, masses of people are heading for low cost airlines or not flying at all. The high cost legacy carriers in for a rough trot over next 5 years.
Yep, better tell Joyce the first batch of 787 900s going to mainline be redirected to Jetstar...think even he would disagree nowadays......
'High cost legacy carriers' I guess you are referring to Qantas? Hasn't the transformation dealt with that? Certainly as far as the new pay deal for mainline pilots flying the 787 that is certainly the case........
Forgot to mention fuel price in your argument.....