I suspect some short term increases.
My buying 12mths ago below $1 is looking good again.
Internationally the pull back by both SQ and QF on Aus-Sin routes is good for them
Domestically I expect both QF and VA to behave more rationally - already seeing it in the base fares, which is also good for profitability.
That said
Long-term however I still think QF is going to struggle within Asia as AirAsia increases its reach and the Chinese airlines continue to improve - QF just cannot compete on cost base within Asia.
I think it will still be OK on the Kangaroo and US routes.
So Im not going to be too greedy