Adds background on potential future orders, Australia's home market
Adds background on potential future orders, Australia’s home market
SYDNEY, Nov 19 (Reuters) – Qantas Airways Ltd QAN.AX is focusing on annual spending of about A$2 billion ($1.36 billion) and expects capability development to be little modified within the second half of fiscal 2020, the airline stated in a presentation on Tuesday.
Qantas in August forecast A$2 billion of capital spending within the monetary yr ending June 30, 2020, up from A$1.6 billion the prior yr, because it pays for brand new Boeing Co BA.N 787-9 planes and refurbishes the cabins of its Airbus SE AIR.PA A380s.
Qantas can be anticipated to position an order subsequent yr to interchange its home fleet, which is dominated by 75 737 NGs but in addition contains 20 717s and 17 Fokker 100s.
Underneath the annual A$2 billion goal, Qantas stated its fleet will be changed inside 20 to 25 years.
Within the quarter ended Sept. 30, Qantas reported a close to 1% fall in unit income in its home enterprise, which…