Qantas expects to face significant yield pressure due to an influx of capacity in the Australian domestic market, but the carrier is upbeat about the progress of its Jetstar subsidiary and its international transformation. Due to weak demand and competitive pressure, Qantas group yields are forecast to be down 2-3 percentage points in the six months through June 30, which is the first half of the carrier’s 2014 fiscal year. The Australian domestic market “is still absorbing capacity ...

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