Qantas warns weaker demand

Airline blames challenging market conditions for lower yields this financial year.

Qantas Airways (QAN) blames continued challenging market conditions for falling yields in the financial year to date.

In a statement to the Australian Securities Exchange, Qantas said total domestic yields fell due to market capacity growth from the prior corresponding period and weaker demand in the leisure and regional segments.

The airline released figures showing revenue seat factor fell 1.4 percentage points to 73.5% in August, compared with the same month last year.

In the financial year to date, revenue seat factor fell 0.9 percentage points to 74.8%, compared with the same period last year, Qantas said. 

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