The proposed ultra-long haul routes from Sydney to London and New York will be among most profitable on the airline’s international network, projections at the company’s first investor day since 2019 reveal.
” flights to Europe and North America will deliver $400 million of earnings in the first full year it has all 12 aircraft flying.
“New technology is central to our plan and the next-generation aircraft that have started arriving will transform our network over the next few years. We’ll be able to serve our customers better, reduce our cost base through lower running costs and carve out... new competitive advantages,” he said. Mr Joyce told investors Qantas has now repaid most of the $1 billion in equity it raised from shareholders during the pandemic and would now focus on fleet renewal.
Its total liquidity as of the end of June is expected to be around $10 billion – a mix of cash, undrawn debt and unencumbered assets – with debt repayments to top out at nearly $1 billion in the 2030 financial year.Qantas has the “right fleet plan that delivers the group’s strategic and financial objectives”.
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