Qantas Sees Airfares Moderating As Capacity Returns To Pre-COVID Levels: Report
Portfolio Pulse from Nabaparna Bhattacharya
Qantas Airways expects airfares to moderate as capacity returns to pre-pandemic levels. The company aims to reach 100% of its pre-pandemic capacity for international networks by March 2024 and 115% for domestic operations by next year. Qantas is also expanding its international network with more aircraft and new routes.
June 05, 2023 | 2:23 pm
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Qantas Airways expects airfares to moderate and capacity to return to pre-pandemic levels, with 100% international capacity by March 2024 and 115% domestic capacity by next year.
Qantas Airways' plan to restore and expand its capacity will likely lead to increased revenues and growth. The expansion of its international network with more aircraft and new routes will attract more customers, leading to a positive short-term impact on its stock price.
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