Qantas confident of maintaining market share

Joyce says airline committed to maintaining 65% domestic market share.

Qantas Airways (QAN) chief executive officer Alan Joyce has reaffirmed the airline's commitment to maintaining its market share, saying while there was still too much "yield-sapping" capacity in the domestic market, a tapering off was underway that will ultimately benefit the national carrier, The Australian reports.

According to the newspaper, Mr Joyce told the CAPA Australia Pacific Aviation Summit in Sydney yesterday the airline was confident of maintaining its 85% share of the corporate market and 65% share of the overall domestic market.

Mr Joyce said the national carrier would align its capacity with the marketplace, in a bid to ensure its "optimal profit position".

"Capacity numbers are certainly less than they were, but still a bit away from where they need to be," Mr Joyce said, according to The Australian.

"There's probably too much capacity coming into the domestic marketplace still and that does need to taper off from where it is today."

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