Qantas Group domestic RASK up 8%, as resource market stabilises and capacity management continues

Qantas Group reported (26-Oct-2017) the domestic demand environment improved during Q1FY2018 due to stabilisation of conditions in the resources market and the impact in the prior year of the subdued demand overhang from the 2016 Australian Federal election. Qantas lowered group domestic capacity by 2.7% year-on-year, through proactive capacity management continued, including continued "right-sizing" in the resources market. Domestic revenue per ASK (RASK) rose 8% for the period. Qantas Group CEO Alan Joyce reported the domestic market is "healthy but remains very competitive" and noted that the high rate of revenue growth seen so far this year is "likely to slow when compared with what was a strong second half last year". [more - original PR]