September 9th, 2008 at 12:00am
Singapore airlines are lowering their fuel surcharge tomorrow on some flights, including some Australian services.
Now, just watch the enthusiasm with which other airlines will follow suit. Is that a vacant queue of airline executives I see over there?
It (with the last rate cut excluded) will be much like most interest rate cuts. The reserve bank can cut rates…but the banks don’t have to rush to follow suit.