(Reuters) – Australia’s Qantas Airways Ltd 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% of pre-COVID-19 levels to 103% but it did not provide further clarity on fares, adding that the adjustments were not expected to materially impact customers.
(Reporting by Riya Sharma in Bengaluru; Editing by Rashmi Aich)
