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Qantas CEO warns weak yields likely to continue

4-Jul-2012 10:15 AM

Qantas CEO Alan Joyce warned the weakness in yields seen in the airline’s May-2012 traffic figures is likely to continue, although he expects the airline to remain profitable, according to The Australian. Qantas reported its first monthly decline in yields from both its domestic and international operations in more than two years (since Nov-2009) in May-2012. Mr Joyce said there should be improvement seen in Qantas’ international operations, however, its domestic business is under pressure from Virgin Australia yet it is “still very profitable”. Yields on the airline’s international business were weak due to the economic situation and weakness in US and UK economies.