Qantas CEO: 'The way the trend is going on the Aussie dollar is positive for us'
Qantas Group CEO Alan Joyce, speaking at the CAPA Australia Pacific Aviation Summit, stated (08-Aug-2013) Qantas would benefit overall from a fall in the value of the Australian dollar, partly because it would reduce the incentive for foreign airlines to put large capacity on routes to Australia. Foreign airlines have benefited from selling tickets in Australia because of the higher gains made when they exchange revenue generated in Australia into other currencies. "The way the trend is going on the Aussie dollar is positive for us," he said. He however noted that a weaker dollar would make jet fuel more expensive.