Sam Hawley

Now, we know the cost of jet fuel has really soared, hasn't it?

So that's having a big impact at the moment.

And also for flights that haven't been booked yet or paid for yet, I presume the cost will be significantly higher.

Well, the International Energy Agency's Fadi Biril, he has said that more flight cancellations are possible and in Europe there's only six weeks or so of jet fuel left.

That does sound rather concerning.

So Ian, that's

what's happening in the global aviation industry, but why don't we look domestically?

Now Qantas and Virgin have already reduced capacity on some routes.

So what are we seeing?

Yes, OK, so flights to Mount Gambier by Qantas, they've been cut altogether.

So it's really regional communities that could be hardest hit.

The South Australian Premier, Peter Malinowskis, he has really expressed disappointment about this to Qantas directly.

It is of concern for regional people.

Well, Jetstar, it has also announced it will reduce flights between Australia and New Zealand.

That's also due to this rising fuel cost.

So, I mean, it is having an impact, that's for sure.

All right.

Well, a cynic might wonder, Ian, if the airlines are sort of using this as an excuse to cut the routes that aren't so profitable for them, because the Energy Minister, Chris Bowen, he has actually said that we've got 30 days of jet fuel in reserve.

So there is no shortage at the moment.

All right.