Qantas flags bonuses, eyes fare increases

Qantas flags bonuses, eyes fare increases

Thousands of Qantas staff could be given bonuses to share in an expected return to profit, but the airline has flagged fare increases to cover rising costs. Chief executive Alan Joyce on Friday said the national carrier's fuel bill would be $1.7 billion higher next year compared with pre-COVID levels. Advertisement "Airfares have to go up to cover that," he told reporters in Perth. "The way to do that is you cut back on capacity. ... you fill more of the seats, that's more efficient, and airfares go up. That's the reality." In a market update, the company said it would cut domestic capacity across Qantas and Jetstar by a total of 15 per cent from July to September. A previously announced 10 per cent reduction will apply from October …
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