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Qantas says domestic capacity will soon reach pre-pandemic levels
Qantas says domestic seat capacity will reach 90% of pre-pandemic levels by the end of the current quarter. This will lead to a positive cashflow again, it says.
It will continue offering low fares to stimulate demand and expects capacity to top pre-pandemic levels by the first quarter of the new fiscal year starting in July.
It doesn’t expect to post big profits next year but it will ‘cover cash costs and we will be improving our balance sheet’ as well as getting more employees back in jobs, CEO Alan Joyce said.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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