Qantas set to outline fleet renewal plan at profit update
Key Points
- Why it matters: Qantas’ fleet replacement will cost billions of dollars
- The airline says it will start a process to replace 24 ageing A330 this year
- Analysts are split on how the major spending initiative will impact returns
Qantas is expected to update the market on phase two of its fleet renewal plans when it reports this month, and expectations are mounting that the airline will be compelled to order the same Dreamliners it once held purchase options over and subsequently tore up.
Incoming chief executive Vanessa Hudson said last month that the airline would start a process to replace its 24 ageing A330 aircraft in the second half of this year, acknowledging that slots to receive new planes were filling up quickly in the post-pandemic aviation rebound.
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