Summary Virgin’s operating revenues have grown more than 4-fold over 10 years but since 2009 – the year peak oil triggered the global financial crisis – operating expenses were as high as…
Tag: aviation
Qantas hit by invisible hand of peak oil
Qantas grounds all flights 29/10/2011 http://www.smh.com.au/travel/travel-news/qantas-grounds-all-flights-20111029-1mpao.html These problems don’t come unexpectedly Qantas cuts staff, flights to counter fuel price hit 30/3/2011 “The price of Singapore jet fuel has risen from around $US88…
Report Card 2009 (Part 2) Aviation and Airport Master Plans – Pies in the skies
In 2009, the Federal government released both an aviation green and white paper. At the same time airports around Australia published their master plans, all assuming a doubling of air traffic within…