Melburnian1
Veteran Member
- Joined
- Jun 7, 2013
- Posts
- 25,486
The decline was not large in percentage terms, but in November 2013 domestic pax numbers at both SYD and MEL across the total airline network dropped compared with the same month in 2012.
Many of us know 'one swallow....' but together with what is a slowdown in international airline passenger growth for SYD and MEL airports, is this an example of a slowing economy, uncertain consumer (lack of discretionary) spending combined with a higher propensity to save, a reaction about the $A's drop or just an aberration that does not match previous month's trends/ Economists call the latter an 'outlier' if I recall.
What the figures do not state is whether any decline in air travel is due to both reduced business and leisure travel, or only one of these.
If this continues, it hardly bodes well for our five main airlines (QF, VA, TT, JQ and ZL) as all have very high fixed costs. It might take a while to reduce flying hours or sell aircraft.
Many of us know 'one swallow....' but together with what is a slowdown in international airline passenger growth for SYD and MEL airports, is this an example of a slowing economy, uncertain consumer (lack of discretionary) spending combined with a higher propensity to save, a reaction about the $A's drop or just an aberration that does not match previous month's trends/ Economists call the latter an 'outlier' if I recall.
What the figures do not state is whether any decline in air travel is due to both reduced business and leisure travel, or only one of these.
If this continues, it hardly bodes well for our five main airlines (QF, VA, TT, JQ and ZL) as all have very high fixed costs. It might take a while to reduce flying hours or sell aircraft.