Qantas yield shrinks as cash-strapped travellers fly economy

Qantas yield shrinks as cash-strapped travellers fly economy

Qantas (ASX:QAN) said the yield from its operations fell by double digits in September, as tight budgets forced companies and individuals to cut back on business- and first-class travel.

Groupwide passenger numbers increased by 6.6% year-on-year, the company said in a filing to the ASX.

But revenue per kilometre fell 2.7% over the same period. While economy cabin volumes improved robustly, premium cabins fared less well.

As a result, domestic yield fell 12% year-on-year, while international yield decreased 24.2%, Qantas said.

On the plus side, falling oil prices could improve the company’s fortunes in the future, Qantas added.

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Tags airlines Qantas

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