24-Oct-2008 12:17 PM
Qantas traffic deteriorates in August, Virgin Blue loads slip in September
Analysis
Qantas stated the positive impact of the downward movement in oil prices had been offset by a "deterioration in booking intakes over the past four weeks, particularly in international markets". Qantas noted this was due to lower consumer confidence and the impact of exchange rate movements on demand. Earlier in the week, outgoing CEO Geoff Dixon stated that international travel bookings had "fallen in all classes".
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