Qantas cuts international capacity by 90%, domestic capacity by 60%

    Qantas reported (17-Mar-2020) the following “much larger cuts to domestic and international flying schedules” as a result of significant falls in travel demand due to coronavirus, and new government restrictions across multiple jurisdictions:

    • Total Group international capacity to by reduced by 90% until “at least” the end of May-2020, up from 23%;
    • Total Group domestic capacity to be reduced by 60% until “at least” the end of May-2020, up from 5%;
    • Previously announced cuts in place from end-May through to mid-September remain in place and are likely to be increased, depending on demand;
    • Use of some domestic passenger aircraft for freight only services to replace capacity lost from regular scheduled services;
    • Fleet of freighters to continue to be utilised.