Travel shares pounded as Qantas slashes international flights

Qantas has slashed its international capacity by 90% until at least the end of May, up from the 23% reduction announced only last week:

Forced into action by the federal government’s new plan to self-isolate all new arrivals into the country for 14-days, the airline said the change “largely reflects the demand impact of severe quarantine requirements on people’s ability to travel overseas.”

This move — along with a 60 per cent contraction in domestic services across the same time span — means Qantas has grounded 150 aircraft, including most of its wide-body fleet.