Originally Posted by
BlunderBus
PLease explain to me how, that in the historical years, when fuel was at $80 and way above..the airline managed to make billions in profits? Yet now by simple comparison to other airlines paying less for their fuel we managed a paltry income?.
Surely such comparisons are irrelevant. Imagine fuel at $85/barrel for the last 10 years straight...you're telling me every year would have incurred a loss?...BS.
I've seen spot fuel at $150+ and still we were in the black and handsomely.
The Key is the fuel surcharge. Back in 2013 ~ 2014 CX charged more than 10% of ticket price for fuel surcharge. That's a whooping $1000 dollar each way for long hauls.
Hence the revenue and yield drop last year as all fuel surcharge were cancelled.