Qantas CEO Alan Joyce, speaking at the CAPA Australia Pacific Aviation Summit, stated (08-Aug-2013) he is confident the correlation between fuel prices and the Australian dollar will be reestablished, however stating: "the environment remains very volatile and uncertain". Mr Joyce attributed part of the short-term uncertainty to the upcoming federal election in Sep-2013, stating it is impacting consumer spending and confidence. Despite the weakness in the market, Mr Joyce said Qantas remains profitable.
Qantas CEO: Despite environmental uncertainty, Qantas remains profitable
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Singapore Airlines to launch Jakarta-Sydney, further intensifying SE Asia-Australia competition
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The Indonesia-Australia market is a logical market for SIA as it seeks to diversify its business. Indonesia and Australia are already SIA’s two largest international markets and Garuda and Qantas are already among its biggest competitors.
Competition within Asia Pacific, including the Southeast Asia-Australia market, has been intensifying. In the current highly competitive and challenging environment airlines are constantly jockeying and exploring new options to improve their position.