Qantas cuts domestic capacity as fuel prices surge

AUSTRALIA’S Qantas Airways said on Thursday it needs to “rebalance” capacity and airfares to cover the cost of surging fuel prices, cutting its domestic capacity by a few basis points. Qantas said domestic flying levels for July and August have been lowered from 107 per cent of pre-Covid-19 levels to 103 per cent but it did not provide further clarity on fares, adding that the adjustments were not expected to materially impact customers. REUTERS