Qantas Group will cut international capacity by 90 per cent and domestic capacity 60 per cent until at least the end of May due to the severe restrictions on travel wrought by the COVID-19. Here is a summary of today’s announcement.
- “Total Group International capacity will be cut by around 90 per cent until at least the end of May 2020. This is up from a 23 per cent reduction for the fourth quarter of FY20 announced last week and largely reflects the demand impact of severe quarantine requirements on people’s ability to travel overseas.
- “Total Group Domestic capacity will be cut by around 60 per cent until at least the end of May 2020. This is a major increase from the 5 per cent reduction for the fourth quarter of FY20 and reflects a rapid decline in forward travel demand due to government containment measures, corporate travel bans and a general pullback from everyday activities across the community.”
This represents the grounding of around 150 aircraft, including almost all of the Group’s wide-body fleet. “Previously announced cuts in place from end-May through to mid-September remain in place and are likely to be increased, depending on demand.”