Qantas cuts capacity until at least May
Qantas is suspending some of its international and domestic flights until at least May as it confirmed the impact of the coronavirus outbreak so far.
It said the outbreak would hit its earnings by up to A$150 million (£76 million) and could be deeper if the crisis continues.
The airline has already suspended its Sydney to Shanghai service and has halved the number of flights from Sydney to Hong Kong.
But it stressed that the 15% cut in capacity was confined to Asian routes and there would be no reduction in its worldwide schedules, such as flights to and from the UK and US.
For the six months to December 31, Qantas reported a profit after tax of $445million, 3.9% down year on year.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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