Qantas reports sky-high profit and plans more flights

Qantas says by the end of the year it operate more domestic flights than it did before the pandemic. (Con Chronis/AAP PHOTOS) (AAP)

Qantas expects there to be no let-up in travel demand as the company reports record profits on the back of high fares and a booming domestic market.

The Australian flag-carrier said on Tuesday yields would remain materially above pre-COVID levels through 2023/24, particularly for international flights, but fares were gradually dropping as the industry added capacity.