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.