ISTANBUL Air fares are moderating as capacity returns to the global airline network after the pandemic, Qantas Chief Executive Alan Joyce said on Monday.

Airlines have been enjoying high air fares globally as travel rebounds faster than expected.

Joyce said Qantas expects to restore its international network to 100% of pre-COVID-19 capacity by next March with domestic operations reaching 115% next year.

(Reporting by Tim Hepher; Editing by Christopher Cushing)