Qantas
(ASX:QAN) has shown its turning around the decline in yields – or the revenue earned per passenger – but it's still experiencing weakness in earnings from its international flights.
The airline's monthly traffic figures show that total domestic yields for Qantas and Jetstar for the first seven months of this financial year were 6% lower than the same period a year ago.
Total international yields for the group were down 20%.The latest figures show the decline in yields of 7.7% from international operations in January was an improvement on the 10.3% in December.
The revenue seat factor for Qantas and Jetstar fell by 0.6% to 81.2% in January.
Qantas international operations have been worst affected by the decline in demand for travel, due to the global financial crisis, with first class and business travel the hardest hit.
Qantas’s 2009 net profit was $117 million.
