Emirates will watch Qantas’ forthcoming annual result closely with a view to filling any premium capacity gap left by the restructure of Qantas’ international business, the airline stated at the Aviation Outlook Australian Pacific conference (The Australian Financial Review, 22-Jul-2011). Emirates will increase weekly frequency out of Australia from 63 to 70 when it moves to a three times daily schedule out of Sydney on 01-Oct-2011. The airline still has 14 weekly slots available to use if any opportunities arise. Emirates could increase capacity into Australia without increasing frequency by increasing the use of A380s on services.
Emirates to watch Qantas’ moves closely
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Air New Zealand has continued along its thoroughly profitable path, while Virgin Australia and its Tigerair Australia subsidiary have struggled to achieve profitability in the new environment – now with a more settled share registry and emerging strategy.
After a mineral boom that carried Australia through the difficult years of 2008-2010, the country’s GDP growth has since slipped to 1.8% in 3Q2016 calendar year, with an outlook for 3.0% for the full FY2017. By contrast, New Zealand’s Treasury expects GDP growth of 3.6% for 2016 and has forecast a 3.5% increase in 2017.
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