A few figures for those interested in the jet fuel price increase situation.
The average Singapore spot jet fuel price in A$ terms during the month of APRIL:
2001 $1.44 gallon
2002 $1.22 gallon
2003 $1.09 gallon
2004 $1.31 gallon
for the first week of May the price was $1.52 a gallon.
The recently announced ticket surcharge will raise a minimum of $260 mil per year.
QAN currently spend about $1.2 bil a year on fuel
The new 737-800's being introduced are 13-26% more fuel efficient than the earlier models.
On top of all that, QAN are 50% headged for their 2005 fuel needs at considerably less than current prices.
All told QAN looks pretty good at current prices
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