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BRIEF-Qantas Airways says net capital expenditure expected to be $3.0 billion for FY18 and FY19 combined
August 24, 2017 / 10:28 PM / 3 months ago

BRIEF-Qantas Airways says net capital expenditure expected to be $3.0 billion for FY18 and FY19 combined

Aug 25 (Reuters) - Qantas Airways Ltd

* 7 cents per share ordinary unfranked dividend, plus an on-market buyback of up to $373 million

* Investigating direct flights from east coast of Australia to london and new york by 2022.

* Challenge has been given to Airbus and Boeing to give their next-generation aircraft currently under development

* “From next year we’ll be flying direct from Perth to London”

* Will take delivery of two dreamliner 787-9s in first half of FY18

* “Believe advances in technology in next few years will make sydney to london direct a possibility and qantas is well placed to be airline to do it.”

* Overall group capacity is expected to increase by around 3 per cent in first half

* H1 group domestic capacity is expected to decrease by around 1 per cent compared with same period last year

* For FY fuel costs are expected to be no more than $3.16 billion and are tracking at $3.11 billion at current forward aud prices

* Group international capacity is expected to increase by around 5 per cent in first half

* Net capital expenditure is expected to be $3.0 billion for FY18 and FY19 combined Source text for Eikon: Further company coverage:

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