Qantas commits to market share

Company News


Qantas Airways Limited (ASX:QAN) chief executive officer Alan Joyce says the airline is committed to maintaining its market share, according to media reports.
 
Mr Joyce told the CAPA Australia Pacific Aviation Summit the airline was confident of maintaining its 85 per cent share of the corporate market and 65 per cent share of the overall domestic market.
 
Mr Joyce says the national carrier will align its capacity with the marketplace, in a bid to ensure its optimal profit position.
 
He says there’s too much capacity coming into the domestic marketplace still and that needs to taper off. 
 
Qantas generated a net profit of $111 million in the first half of fiscal 2013.

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