Qantas domestic operation improves

Qantas’s vast domestic operations are benefiting from the airline’s move to cut capacity following early signs of passenger demand weakness.
In the airline’s May traffic update, Qantas said its domestic revenue per available seat kilometre (RASK)  – an industry measure of efficiency  – returned to growth in May following falls in March and April.
The strength has continued through June, Qantas said on Thursday.  “Group domestic RASK growth was restored ahead of expectations, representing a successful outcome to QAN’s swift and rational decision to cut capacity at the early signs of demand weakness,” Macquarie Securities analyst Sam Dobson said in a research note.
Still, group international RASK was lower in May from a year earlier, inline with Mr Dobson’s expectations.
– AAP