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This from 'The Australian' online on Monday 22 February 2021 does not paint a rosy picture:Ampol ‘uncertainty’ over jet fuel
Ampol sees “significant uncertainty” that international travel will resume in 2021, in a bearish signal for its jet fuel business that provides supplies to the airline industry.
Jet fuel volumes fell 56 per cent in the fourth quarter of 2020 on the same period a year earlier.
“Given the continued impact of COVID-19 on demand, Ampol’s current Australian volume expectations for 2021 are 13.5-14bn litres, with this forecast assuming a delayed recovery in jet fuel demand and the continued impact of domestic travel restriction,” Ampol said.
There is “significant uncertainty that international travel will resume in 2021.”
Ann: Appendix 4D and Half year financial results, page-37
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