Promising growth for Qantas.
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Promising growth for Qantas.
Taken from The Australian July 1:
THE Qantas Group was able to get a promising month of passenger growth under its belt in May before last month’s statistics were hit by the Chilean ash cloud.
Group passenger numbers for May rose 8.4 per cent year-on-year as already reducing capacity growth resulted in the revenue seat factor rising 1.7 percentage points to 76.7 per cent. The*airline said total domestic yields for the financial year to May, adjusted for foreign exchange, had risen 2.5 per cent compared with the previous year, while international yields were up 8.4 per*cent.
INTERNATIONAL passenger traffic into and out of*Australia grew by 10.6 per cent in April to 2.28*million, but the share accounted for by*Australian-designated carriers dropped from 34.3 per cent a year ago to 33.4 per cent. April showed a return to strong growth after a small*decline in March. Total available seats reached 3.12*million in April, an increase of 9.4 per cent compared with April last year. This resulted in load factors*climbing*slightly from 73.2 per cent to 73.9 per cent. Qantas led the market share at 19 per cent, followed by Singapore*Airlines (9.2 per*cent).
Not all doom and gloom hey.. Im talking to you Joyce.
THE Qantas Group was able to get a promising month of passenger growth under its belt in May before last month’s statistics were hit by the Chilean ash cloud.
Group passenger numbers for May rose 8.4 per cent year-on-year as already reducing capacity growth resulted in the revenue seat factor rising 1.7 percentage points to 76.7 per cent. The*airline said total domestic yields for the financial year to May, adjusted for foreign exchange, had risen 2.5 per cent compared with the previous year, while international yields were up 8.4 per*cent.
INTERNATIONAL passenger traffic into and out of*Australia grew by 10.6 per cent in April to 2.28*million, but the share accounted for by*Australian-designated carriers dropped from 34.3 per cent a year ago to 33.4 per cent. April showed a return to strong growth after a small*decline in March. Total available seats reached 3.12*million in April, an increase of 9.4 per cent compared with April last year. This resulted in load factors*climbing*slightly from 73.2 per cent to 73.9 per cent. Qantas led the market share at 19 per cent, followed by Singapore*Airlines (9.2 per*cent).
Not all doom and gloom hey.. Im talking to you Joyce.
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Say wha?!
So, AJ, if this indeed the case would you mind telling me again why I lost my job last month from a profit making side of the group?! What's that you say? You need the extra 100K to bolster your champagne stocks again?
Typical.....
Typical.....
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Qantas GROUP
These figures are indicative of pax numbers growing on Bogan Air.They are really not indicative of yield or profit although creative accounting will tell that they are.RSF of 76% is hardly cause for hoorays with the cost of Jet A1 the way it is.A RSF of around 80% + is required.
The LCC model also requires fuel costs to hover around $80 for it to work.
Bogan Air hedging is provided courtesy of mainline.
The market is really impressed with QAN shares at $1.85
The LCC model also requires fuel costs to hover around $80 for it to work.
Bogan Air hedging is provided courtesy of mainline.
The market is really impressed with QAN shares at $1.85
Last edited by Firecat; 3rd Jul 2011 at 08:59. Reason: to make a moron happy
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Oh dear Firecat,
It is you who is the moron, your edit does not fix the mistake that proves that you have as much a clue about aviation as the average Qantas board member or Senior exec.
It is you who is the moron, your edit does not fix the mistake that proves that you have as much a clue about aviation as the average Qantas board member or Senior exec.
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What A Bunch
No wonder aviation in Australia is in strife....I hope the bloody airline fails and you can all get a job in the real world flying Beechcrafts full of rubber dog **** out of Albion Park
