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Qantas, one of Australia’s premier passenger carriers, has announced that shortly it will resume services in full capacity. Capacity had been reduced as a cost cutting measures to battle the highly voltaic economic conditions. Qantas has also announced profits of 150 million Australian dollars (equivalent to 133 million US dollars) in the second half of this year.
The chief executive of Qantas, Alan Joyce, has reported that an excess of 340,000 seats will be added on domestic flights across the Pacific starting from the month of March. As the industry is seeing a post-recession increase in numbers, the forecast for the coming summer is highly optimistic.
Qantas also intends to introduce new developments as demand on its domestic routes continues to grow rapidly. The time is deemed to be appropriate to restore full capacity. Leading to December 31st 2009, Qantas is expecting pretax profits from anywhere between 50 million to 150 million Australian dollars.
This figure is, however, nowhere close to the pretax profits recorded in the corresponding years. The values in previous years were pegged to be as high as 288 million dollars. But this year’s figures seem to be a sharp increase as compared to those recorded in the last six month period of 2008-2009. A loss of 107 million dollars was reported.
There has also been a stark improvement in operating conditions since the same period last year. An increase in both passenger volume and yield has been noted. Over a twelve month period, the carrier will gradually increase capacity to cover the cities of Sydney, Melbourne, Cairns, Adelaide Townsville, Perth, Ayers Rock, and Brisbane.
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