Qantas turns to Asia amid stiff competition on trans-Pacific routes

Qantas will lower its planned capacity increase to the United States this financial year and shift to flying more to Asia, in a sign the airline doesn't want to risk damaging returns on the increasingly competitive trans-Pacific market. At the UBS Australasian Conference on Tuesday, Qantas chief executive Alan Joyce said the airline would cut its growth so that the overall Australia-US seat capacity for all airlines would grow by 6 per cent from April, down from previous plans for 9 per cent growth. American Airlines and Qantas are the carriers boosting capacity directly from...