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.
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.
But my selling out at over $4 years ago looks better
QF's high cost base compared to Asian & ME competitors will make it hard. Australia's direct labour & the very high on costs for labour will never be overcome. And being at the end of line with the Middle East carriers centrally placed limits markets/customers. 6 ~ 9 hours flying from DXB DOH encircles large population - market