Qantas Group Cuts Its International Capacity by About 90%

1 min read | March 17, 2020 01:07 PM AEDT | By Team Kalkine Media

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Qantas Airways Limited (ASX:QAN) is planning to make further and much larger cuts to domestic and international flying schedules due to significant falls in travel demand amidst coronavirus, and new government restrictions across multiple jurisdictions.

Total Group International capacity shall be reduced by about 90% until at least the end of May 2020;
Total Group Domestic capacity is expected to be slashed by about 60 per cent until at least the end of May 2020.

At AEDT 01:03PM, the stock was trading at $3.050 per share, up by 0.993% from its previous close.

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