Advertisement
UK markets open in 7 hours 35 minutes
  • NIKKEI 225

    38,079.70
    +117.90 (+0.31%)
     
  • HANG SENG

    16,385.87
    +134.03 (+0.82%)
     
  • CRUDE OIL

    82.57
    -0.16 (-0.19%)
     
  • GOLD FUTURES

    2,394.50
    -3.50 (-0.15%)
     
  • DOW

    37,775.38
    +22.07 (+0.06%)
     
  • Bitcoin GBP

    51,135.23
    +1,750.64 (+3.54%)
     
  • CMC Crypto 200

    1,312.77
    +427.23 (+48.25%)
     
  • NASDAQ Composite

    15,601.50
    -81.87 (-0.52%)
     
  • UK FTSE All Share

    4,290.02
    +17.00 (+0.40%)
     

Qantas aims for full recovery by next year

STORY: Qantas will finally get back to pre-health crisis capacity next year.

That's what Australia's flagship carrier said Friday (May 19).

Qantas expects international capacity to reach about 100% of pre-crisis levels by March 2024.

The airline also plans to add around 1 million seats to its international network from October.

There are further signs of growing demand.

Qantas has brought back five international aircraft into its fleet over the past six month, and will lease two more soon.

CEO Alan Joyce said demand for international travel has been 'incredibly strong' since health crisis restrictions ended.

ADVERTISEMENT

Qantas swung to a record profit in the first half of this financial year.

That was driven by huge demand, which led to higher fares and earnings.

Qantas said it would need about 300 more pilots and cabin crew by the end of the year to support more flying.

Shares in the airline gained around 1% following the update.