Qantas confident it will return to 100% of pre-Covid capacity in 2024


Our international business is getting back to pre-Covid capacity 'quite rapidly,' says Qantas CEO

Qantas CEO Alan Joyce says he expects the airline to see a full return to pre-Covid capacity in 2024.

“We’re confident that we’ll get back … 100% of our pre-Covid international capacity, and well over 100% for our domestic capacity,” Joyce projected for financial year 2024.

″[There is] really strong demand in leisure, in business … in corporate,” he told CNBC, adding that the pent-up demand will continue for some time.

Qantas reported record half-year profits in the six months ended December 2022, but shares still closed 6.8% lower on Thursday.

The flagship carrier recorded underlying profit before tax of $1.43 billion Australian dollars ($975.2 million) in half-year ended Dec. 31. It…

Source cnbc.com

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