Melburnian1
Veteran Member
- Joined
- Jun 7, 2013
- Posts
- 25,483
This report today (3 September 2013) shows QF adopting a pessimistic view of the international air freight market:
Qantas cancels freighter plane
Do AFFers believe that there is sometimes or always a nexus (perhaps with a lag) between falling (or rising) demand for international air cargo (which for obvious reasons tends to be higher value manufactured or agricultural products - expensive wine, first grade salmon or important commercial machinery parts might be some examples) and falling or rising demand for international (and perhaps even domestic) passenger air travel?
If there is any connection, which follows which?
At the bottom of the article, there's a brief discussion on QF's falling yield per seat for international flights. With this measure, it is preferable to observe the trend during a six month or annual period as like most statistics, they can 'bounce around' from month to month. I wouldn't read too much into a single month's figures, but if the pressure on yields continued for the next five or 11 months, that would be of major concern to the QF beancounters given AJ's stated intention of returning QF International to (net profit after tax?) by 2015. This goal will be hard to achieve as the QF Asian flights that terminate in PVG, SIN, BKK, MNL and HKG must still overall lose money as they lack many connecting passengers at the Asian ends, unlike some competitor airlines.
Qantas cancels freighter plane
Do AFFers believe that there is sometimes or always a nexus (perhaps with a lag) between falling (or rising) demand for international air cargo (which for obvious reasons tends to be higher value manufactured or agricultural products - expensive wine, first grade salmon or important commercial machinery parts might be some examples) and falling or rising demand for international (and perhaps even domestic) passenger air travel?
If there is any connection, which follows which?
At the bottom of the article, there's a brief discussion on QF's falling yield per seat for international flights. With this measure, it is preferable to observe the trend during a six month or annual period as like most statistics, they can 'bounce around' from month to month. I wouldn't read too much into a single month's figures, but if the pressure on yields continued for the next five or 11 months, that would be of major concern to the QF beancounters given AJ's stated intention of returning QF International to (net profit after tax?) by 2015. This goal will be hard to achieve as the QF Asian flights that terminate in PVG, SIN, BKK, MNL and HKG must still overall lose money as they lack many connecting passengers at the Asian ends, unlike some competitor airlines.
