Qantas Airways sets US$1.36b annual spending target
Qantas Airways is targeting annual spending of about A$2b (US$1.36b) and expects capacity growth to be little changed in the second half of fiscal 2020, the airline said Tuesday. Qantas in August forecast $2b of capital spending in the financial year ending June 30, 2020, up from $1.6b the prior year, as it pays for new Boeing 787-9 planes and refurbishes the cabins of its Airbus A380s. Qantas is also expected to place an order next year to replace its domestic fleet, which is dominated by 75 737 NGs but also includes 20 717s and 17 Fokker 100s. Under the annual $2n target, Qantas said its fleet can be replaced within 20 to 25 years. In the quarter ended Sept 30, Qantas reported a near 1% fall in unit revenue in its domestic business, which typically dominates profits, driven by a fall in demand for Jetstar. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-11-20/oneworld/qantas-airways-sets-us-1-36b-annual-spending-target
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Qantas Airways sets US$1.36b annual spending target
Qantas Airways is targeting annual spending of about A$2b (US$1.36b) and expects capacity growth to be little changed in the second half of fiscal 2020, the airline said Tuesday. Qantas in August forecast $2b of capital spending in the financial year ending June 30, 2020, up from $1.6b the prior year, as it pays for new Boeing 787-9 planes and refurbishes the cabins of its Airbus A380s. Qantas is also expected to place an order next year to replace its domestic fleet, which is dominated by 75 737 NGs but also includes 20 717s and 17 Fokker 100s. Under the annual $2n target, Qantas said its fleet can be replaced within 20 to 25 years. In the quarter ended Sept 30, Qantas reported a near 1% fall in unit revenue in its domestic business, which typically dominates profits, driven by a fall in demand for Jetstar. <br/>
