8-Aug-2013 4:39 PM

Qantas CEO: Despite environmental uncertainty, Qantas remains profitable

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.