Qantas Slashes Domestic Capacity as Jetstar Boss Announces Departure

DALLAS – Australian flag-carrier Qantas (QF) has announced its intention to slash domestic flight capacity until March 2023. The airline is blaming cost pressures from record-high oil prices, which have added over AU$1 billion (US$690 million) to its fuel bill.

Speaking at a press conference, QF CEO Alan Joyce said, “The reality is we’re taking capacity out because of oil prices. We buy over $4 billion in fuel every year. Our fuel bill has gone through the roof. So that has to come through in terms of the economics of the business.”

QF switched from Boeing to Airbus for read more ⇒

Source:: “Airways Magazine”

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