QF gouging on US routes
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On the ground the Qantas lounge is a much better offering than Air NZ's, starting with the barista! The Qantas lounge has improved heaps over the past couple of years.
In the air the yanks can have their bad days just as much as QF - food and wine on Qantas is the better too. If you fly on the A380 - there's no competition when it comes to seat and IFE.
Pacific doesn't even come close to QF.
That all said.... is it worth the extra 2-3000 dollars for QF??
ANSWER....????
In the air the yanks can have their bad days just as much as QF - food and wine on Qantas is the better too. If you fly on the A380 - there's no competition when it comes to seat and IFE.
Pacific doesn't even come close to QF.
That all said.... is it worth the extra 2-3000 dollars for QF??
ANSWER....????
Average flight time both ways would be around 28 hours, with a $2300 fare difference, you would "earn" around $80/hour(annual equivalent $166 000) by flying on the cheaper airline. Not too bad just for sitting in a chair doing nothing.
Sprucegoose
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That all said.... is it worth the extra 2-3000 dollars for QF??
ANSWER....????
ANSWER....????
But if people are willing to pay then why not charge whatever you can? After all business is about making money!
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Howard, there is an explanation that satisfies your quandary, which like you I could never understand until I did some research.
In our financial system (fiat) there are a number of businesses which are incredibly profitable. Think of the concept of a "money nozzle", where money is literally created out of thin air, at no cost. As there is no tangible backing to modern currencies, unlimited quantities of money & credit can be created. (BTW this is the source of inflation, as more dollars are continuously being created chasing the same number of goods, hence driving up the nominal price).
This can be done by two entities - the government & the financial system (banks, shadow banking system & financial services) . The government uses this newly created money to fund its day to day operations. The banks lend it & charge interest on this newly created money (the principle + interest is repaid). The banks are incredibly profitable because they get the some capture most of the interest for "free". It is the interest component that makes banking so profitable.
The closer you are to the "money nozzle", the more profitable your business is. What all airlines with First/Business are capturing some of this freshly create money. Think why QF has so many business class seats into CBR - they are capturing some of this newly created money being spent by the government (Bureaucracy,defence & politicians). This is why routes linking financial & government centers have profitable business/first cabins, yet ports like Cairns & Coolangatta do not.
It is the same with government contractors (defense is a classic example). These profitable entities earn so much money that the cost of a business first seat is not a consideration - quite simply they can afford to pay up, as the "free money" just keeps rolling in from the government.
In short, for the average "punter" business is probably doesn't represent good value, but to governments & businesses & that are close to the money nozzle who cares. Airlines are just attempting to capture some of this "free money".
If you have being paying attention, who is actually paying for this "free" money that someone else gets to spend - you guessed it YOU, through higher inflation. Inflation is simply a stealth tax on everyone in society through the continuous debasement of purchasing power. It affect the prudent & saver the most, and rewards the reckless (those that borrow to repay in debased currency).
John Maynard Keynes
See the book: Dying of Money -Lessons of the great German & American Inflations (1974) by Jens O Parsson (.epub format) (alternative .pdf format)
In our financial system (fiat) there are a number of businesses which are incredibly profitable. Think of the concept of a "money nozzle", where money is literally created out of thin air, at no cost. As there is no tangible backing to modern currencies, unlimited quantities of money & credit can be created. (BTW this is the source of inflation, as more dollars are continuously being created chasing the same number of goods, hence driving up the nominal price).
This can be done by two entities - the government & the financial system (banks, shadow banking system & financial services) . The government uses this newly created money to fund its day to day operations. The banks lend it & charge interest on this newly created money (the principle + interest is repaid). The banks are incredibly profitable because they get the some capture most of the interest for "free". It is the interest component that makes banking so profitable.
The closer you are to the "money nozzle", the more profitable your business is. What all airlines with First/Business are capturing some of this freshly create money. Think why QF has so many business class seats into CBR - they are capturing some of this newly created money being spent by the government (Bureaucracy,defence & politicians). This is why routes linking financial & government centers have profitable business/first cabins, yet ports like Cairns & Coolangatta do not.
It is the same with government contractors (defense is a classic example). These profitable entities earn so much money that the cost of a business first seat is not a consideration - quite simply they can afford to pay up, as the "free money" just keeps rolling in from the government.
In short, for the average "punter" business is probably doesn't represent good value, but to governments & businesses & that are close to the money nozzle who cares. Airlines are just attempting to capture some of this "free money".
If you have being paying attention, who is actually paying for this "free" money that someone else gets to spend - you guessed it YOU, through higher inflation. Inflation is simply a stealth tax on everyone in society through the continuous debasement of purchasing power. It affect the prudent & saver the most, and rewards the reckless (those that borrow to repay in debased currency).
Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.
See the book: Dying of Money -Lessons of the great German & American Inflations (1974) by Jens O Parsson (.epub format) (alternative .pdf format)
Last edited by breakfastburrito; 5th Jun 2011 at 01:35.
