Geoffrey Thomas
๐ค SpeakerAppearances Over Time
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Well, passengers, there are surcharges also in other parts of the world that the airfares have simply gone up.
It doesn't seem to be curbing the appetite to travel because this appetite for travel has come out of COVID, where after COVID, everybody wants to travel.
And there seems to be an insatiable appetite to travel.
Look, absolutely.
Cathy's absolutely right.
There will be cancellations.
I had a cancellation last weekend.
And so I know that definitely does happen down under as well.
But yes, there will be consolidation everywhere.
Also, airlines will look at their most efficient aircraft and they'll ground the least efficient and keep flying the most efficient.
And like the new A350 or the new 787s,
and those sorts of aircraft like the A320neo from Airbus.
They'll be looking to the most efficient units in their fleet.
They'll be looking to consolidate wherever they can, and that will mean disruptions to passengers, no doubt about it whatsoever.
Well, indeed.
A large amount of the jet fuel for the United Kingdom comes from Kuwait,
And that's a big problem.
Whereas, for instance, if I can flip this to down under, 30% of the jet fuel for Australia comes from China.
Now, that's an issue because China, you know, is having a problem getting its oil out of Iran.
So there's a myriad of scenarios that are playing out at the moment and there's no one...