Qantas Airways Group pax numbers up 1% with 76% load factor in Feb-2014, group yields lower

Qantas Airways Group passenger numbers up 1.4% - traffic highlights for Feb-2014:

• Passenger numbers: 3.7 million, +1.4% year-on-year;
• • Qantas Domestic: 1.2 million, -2.2%;
  • Qantas International: 448,000, -0.4%;
  • Jetstar Domestic: 870,000, +8.8%;
  • Jetstar International: 376,000, -3.8%;
  • QantasLink: 416,000, +5.2%;
  • Jetstar Asia: 304,000, +1.1%;
• Passenger load factor: 76.2%, -2.2 ppts;
• • Qantas Domestic: 72.7%, -2.6 ppts;
  • Qantas International: 77.4%, -3.3 ppts;
  • Jetstar Domestic: 84.1%, +1.2 ppts;
  • Jetstar International: 77.1%, +0.2 ppt;
  • QantasLink: 59.2%, -3.5 ppts;
  • Jetstar Asia: 76.5%, -3.1 ppts. [more - original PR]

Qantas: "For the financial year to date, Qantas Group yields were lower than the prior corresponding period, reflecting challenging market conditions on domestic and international routes. Total Domestic (comprising Qantas Domestic, QantasLink and Jetstar Domestic) yields were lower than the prior corresponding period as a result of continued market capacity growth and weak demand. Total International yields were lower than the prior corresponding period due to persistently high levels of competitor capacity growth," Source: Company statement, 31-Mar-2014.