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Qantas pomises more cheap fares as domestic recovery soars

More cheap fares are promised as Qantas declares its back to 90 per cent of pre-COVID-19 domestic demand with the opening of a two-way travel bubble with New Zealand helping keep the airline’s recovery on track.

In an ASX update, Qantas said its short-term strategy remains to generate positive cash flow rather than returning to pre-COVID profit margins – meaning the positive impact on FY21 earnings from this increased activity will be relatively small.

It said that the continued growth in domestic capacity is expected to continue into FY22, with Jetstar to reach 120 per cent of pre-COVID levels, and Qantas read more ⇒

Source:: AirlineRatings.Com

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