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Qantas sees air fares slipping off highs as capacity returns

Published 06/05/2023, 01:58 AM
Updated 06/05/2023, 02:36 AM
© Reuters.

ISTANBUL (Reuters) - Air fares are moderating as capacity returns to the global airline network after the pandemic, Qantas Chief Executive Alan Joyce said on Monday.

© Reuters. FILE PHOTO: A Qantas plane approaches Kingsford Smith International Airport amidst the easing of the coronavirus disease (COVID-19) restrictions in Sydney, Australia, May 28, 2020.  REUTERS/Loren Elliott

Airlines have been enjoying high air fares globally as travel rebounds faster than expected.

Joyce said Qantas expects to restore its international network to 100% of pre-COVID-19 capacity by next March with domestic operations reaching 115% next year.

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