Menu
Menu
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.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags airlines Qantas

Show Comments
Computerworld
ARN
Techworld
CMO