Qantas is on track to deliver record revenue for the financial year after it reported a 2.3% rise in revenue to A$4.4b ($3.07b) for the quarter ended 31 March. “The group continues to perform well, with strength in key parts of our portfolio helping to hedge against headwinds in other areas,” commented CE Alan Joyce in a limited trading update issued by the carrier on 9 May. The growth in revenue came despite the peak Easter holiday period falling later, pushing it into Q4. Group unit revenue rose 4% for the three month period, despite a 1% fall in RPKs. That was offset by a 1.6% fall in capacity, resulting in revenue seat factor increasing 0.5 points to 83.7%. The carrier highlights a 6.2% growth in international unit revenue, with the mainline carrier delivering a “robust” performance, offsetting weakness in Jetstar’s international operations. Joyce says that the outlook on its international network continues to be positive, particularly as competitors have slowed their capacity growth. “The long-term fleet and network changes we’ve made are delivering revenue growth, and total market capacity in the fourth quarter is contracting in response to higher fuel prices,” he adds. Domestic unit revenue rose 1.1%, as growth in the resources market offset weakness in the wider corporate market.<br/>