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'Huge changes' at Qantas are set to boost its international earnings, says its CEO [CNBC]

COMCAST (CMCSA)  More Company Research Source: CNBC
Last comcast earnings: 7/26 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: cmcsa.com/investors
PDF 'Huge changes' at Qantas are set to boost its international earnings, says its CEO Qantas' continued shift away from Europe and into the Asia market â?? and other changes in its global business, are expected to boost its international earnings as a result, its CEO Alan Joyce told CNBC on Thursday. Speaking on CNBC's "Squawk Box," he said: "We have been re-balancing, for a few years, our capacity away from the European market into the Asian markets â?? which we are seeing phenomenal growth. We think that will continue." The airline, Australia's largest, currently holds an 8 percent capacity in the European market, down from 30 percent 10 years ago, and in Asia it has gone from 30 percent to over 50 percent, Joyce said. By the end of March, Qantas will relocate its A380s back to Singapore , which will result in an 84 percent growth in capacity there, he added. The airline is also adding new routes to expand its existing network. "We are adding Melbourne to San Francisco , later on in t [Read more]

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