Jacob Kakanas
speaker
73 appearances
1 recordings
1 series
first heard May 2026
last heard 26 May
Jacob Kakanas’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in May 2026 with 1.
Appearances
But we're sitting here and Qantas' fuel bill for the second half of this financial year is now going to be $600 million to $700 million higher than what they told us only in February.
It's been
a massive ramp up in a very short amount of time.
And dealing with those kind of shocks, again, is just a reminder for investors of the risks, like I said, just sitting beyond the horizon.
I think the principles are similar, Sean.
We're still very early on in judging them in a listed environment, to be honest.
This is really the first shock that they're going to manage through.
Broadly speaking, very rational competitor.
They've done a great job at optimizing where they sat in the middle market.
And what I mean by that is they don't have the luxury of a premium airfare, but they've been able to unbundle their airfare.
So I'm not sure if...
you guys spend the same amount of money, but choosing to sit in economy X or at the front of the aircraft, people like paying for that privilege.
And it's just another innovation that they've done to decouple themselves from competing head to head with Qantas on market share or service or more directly on ticket pricing.
That's typically been the best market structure that works.
Our team's done work over the last 30 years of Australian aviation and the market structure that's clearly the most sustainable is two players.
Each can have different value propositions to the consumer.
This is not saying that an oligopoly or duopoly precludes price competition.
or even it allows collusion on price.
It's saying that a market structure, particularly with three brands.
So remember, we've got Qantas as the main line.
Showing 41–60 of 73 · page 3 of 4
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