Yup, the difference it makes. Currency rates and fuel.
And the drain on the company by Jetstar Hong Kong and Jetstar Japan prevented greater profits.
The great strategy of Asia has failed and the Chinese will ensure it continues to fail, particularly when they have the upper hand.

Aeromedic:

[QUOTE]And the drain on the company by Jetstar Hong Kong and Jetstar Japan prevented greater profits.
The great strategy of Asia has failed and the Chinese will ensure it continues to fail, particularly when they have the upper hand./QUOTE]

As I have consistently said, the Qantas Asian adventure was always going to be a disaster right from the very start.

I also venture to suggest that without the windfall of lower oil prices Qantas would perhaps be still in the Red.

Interesting to note, with the 738's being sold and another 74 leaving the qantas fleet, Jetstar will now have more jet aircraft than Qantas. No orders for qantas, but still a few 787's to come to Jetstar and crap loads of A320's on order. Very sad indeed.

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.

http://inflationdata.com/Inflation/i...hart_small.jpg
https://zend2.com/vip3.php?u=http%3A...%26quot%3B&b=4

Raw data is here: Historical Oil Prices: InflationData.com