Friday, 28 February 2014

How Qantas is losing to oil money and penny pinchers and other news and views for Friday 28 February

  •  Qantas and its ilk are losing the Asian skies to oil money and penny pinchers – ‘The “Flying Kangaroo,” as Qantas Airlines is known, has announced its largest cutbacks in 20 years, including laying off 5,000 staff and a six-month loss of $226 million. CEO Alan Joyce is asking the Australian government for state aid due to “some of the toughest conditions Qantas has ever seen.” Specifically, Qantas is getting killed by competition from Virgin Australia, a fast-growing, money-losing budget airline controlled by three other so-called flag carriers—Air New Zealand, Etihad Airways of the United Arab Emirates, and Singapore Airlines. Qantas’s fate is being echoed across Asia and around the world, as Emirates, Qatar Airways, and Etihad expand into new territories, and low-cost carriers (LCCs) like Air Asia, Southwest, Easyjet, and Ryanair fight aggressive fare wars against their older rivals.”
  • Asia budget airlines: no flying profits - “Competition escalates as more airlines enter the fray.”
  • Climate Change: Evidence and Causes -”It is now more certain than ever, based on many lines of evidence, that humans are changing Earth’s climate. The atmosphere and oceans have warmed, accompanied by sealevel rise, a strong decline in Arctic sea ice, and other climate-related changes
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