Qantas CEO says no need to raise capital

MELBOURNE May 27 (Reuters) - Qantas Airways Ltd (QAN.AX), Australia's biggest airline, does not see a need to raise further capital, Chief Executive Alan Joyce told reporters on Wednesday.

"We do not see a need to raise capital," Joyce said.

Qantas raised A$500 million ($390 million) by selling new shares in February and there has been recent market talk that Qantas may need to come back to market again. (Reporting by Simone Giuliani; Editing by Mark Bendeich)