May 26 (Reuters) - Australia's Qantas Airways Ltd (QAN) said on Thursday it needs to "rebalance" capacity and airfares to cover the cost of surging fuel prices, cutting its domestic capacity by a few basis points.
Qantas said domestic flying levels for July and August have been lowered from 107% of pre-COVID-19 levels to 103% but it did not provide further clarity on fares, adding that the adjustments were not expected to materially impact customers.
News: QAN Qantas cuts domestic capacity as fuel prices surge
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Mkt cap ! $16.75B | |||
| Open | High | Low | Value | Volume |
| $11.22 | $11.24 | $10.96 | $26.38M | 2.419M |
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| QAN (ASX) Chart |