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Qantas states leisure demand falls beyond LCC competition

19-May-2010 10:36 AM

Qantas stated it has seen leisure demand fall beyond the affects of rising LCC competition, driving domestic fares to new lows (The Australian, 19-May-2010). The carrier stated the decline was evident on domestic and international routes, attributed to a rise in interest rates, the withdrawal of government stimulus spending and increasing petrol prices.