Qantas has announced it will slash the number of first and business class seats across its long-haul fleet, due to a drop in demand.
Chief executive Alan Joyce told the Australian Financial Review that the company will drop the number of first and business class seats and increase its number of economy seats on international routes.
“It is very clear the productivity is not right – we have too many premium class seats on many aircraft,” he said. “In certain markets we have first class seats where there is no need for first class, and we have too many business class seats on some routes.”
Cutting the seats is a part of the company’s broader cost cutting scheme, after the company reported a 90 percent plunge in profits for the year ending June 30.
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