Qantas Airways' top executive expressed confidence Thursday that declining passenger demand on flights between Australia and the United States represents a temporary setback. The airline leader cited a stronger Australian dollar as a key factor that should boost travel bookings in coming months.
The head of Australia’s flagship airline expressed confidence Thursday that recent struggles with passenger bookings on flights to and from the United States will prove to be temporary.
During a Thursday earnings conference call with financial analysts, Qantas Airways Chief Executive Vanessa Hudson indicated she expects conditions to improve for the carrier’s trans-Pacific routes during the latter half of the fiscal year, which concludes on June 30.
Hudson pointed to the strengthening Australian dollar, which has climbed above 70 U.S. cents, as a positive factor that should help drive renewed interest in travel between the two countries during the remaining months of the financial period.
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