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Qantas plans to lower its airfares to revitalize business in Australia

Author : Pankaj Singh | Published Date : 2020-05-07 

The coronavirus pandemic has disrupted global economy, with sectors like airline and tourism being the most heavily affected ones. In a bid to emerge from this downfall, Alan Joyce, CEO of Australian airline company Qantas, announced three steps he promises to fulfill after returning to regular operations.

Reportedly, the first promise states that flights from Melbourne to Sydney could go down to $19. In addition to this, a Jetstar Perth to Sydney/Melbourne one-way flight would cost almost $89 after the lockdown.

The airline is currently focusing on lowering fares of flights in order to get the industry moving. The company has slated its objectives to all its staff, stakeholders, and travelers in an open letter. As a result, airfares could be slashed into half. For instance, Melbourne-Sydney flights might have Jetstar fares ranging to $39, and usual airfares coming down to $19. However, the airliner assures that it would cover all the costs.

Joyce added, airlines would be eager to stimulate travel demand in order to restart their cashflow pipelines and to get their aircraft and people back to work. Most of the airlines would be focusing on repairing the damage caused due to this sudden drop in revenue. However, this would come as good news for consumers as they would get to enjoy plenty of good deals.

According to Qantas, there is a significant need for competition in the Australian airline industry. With international companies being locked out until the situation clears and cash-strapped competitors like Virgin Australia taking voluntary administration. The company says that it’s vital to have rivals in the business to ensure growth.

Meanwhile, the other option for creating competition would be imposing more regulation, which Joyce claims to be an “unattractive” option. Over the year, stiff competition has allowed the airline to become better and Qantas doesn’t want this trend to stop now.

Source Credit: https://www.news.com.au/travel/travel-advice/flights/jetstar-19-flights-from-sydney-to-melbourne-part-of-qantas-recovery-plan/news-story/452a1542ccf1404405415f182e2dd851

About Author

Pankaj Singh

Pankaj Singh

Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605

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