Promising growth for Qantas.
Taken from The Australian July 1:
THE Qantas Group was able to get a promising month of passenger growth under its belt in May before last month’s statistics were hit by the Chilean ash cloud.
Group passenger numbers for May rose 8.4 per cent year-on-year as already reducing capacity growth resulted in the revenue seat factor rising 1.7 percentage points to 76.7 per cent. The*airline said total domestic yields for the financial year to May, adjusted for foreign exchange, had risen 2.5 per cent compared with the previous year, while international yields were up 8.4 per*cent.
INTERNATIONAL passenger traffic into and out of*Australia grew by 10.6 per cent in April to 2.28*million, but the share accounted for by*Australian-designated carriers dropped from 34.3 per cent a year ago to 33.4 per cent. April showed a return to strong growth after a small*decline in March. Total available seats reached 3.12*million in April, an increase of 9.4 per cent compared with April last year. This resulted in load factors*climbing*slightly from 73.2 per cent to 73.9 per cent. Qantas led the market share at 19 per cent, followed by Singapore*Airlines (9.2 per*cent).
Not all doom and gloom hey.. Im talking to you Joyce.