November 18, 2019 / 9:49 PM / 23 days ago

Australia's Qantas sees $1.36 bln annual spending target

SYDNEY, Nov 19 (Reuters) - Qantas Airways Ltd is targeting about A$2 billion ($1.36 billion) a year in spending that will enable its fleet to be replaced within 20-25 years, the airline said in a presentation on Tuesday.

Australia’s flag carrier also said it expects capacity growth to be little changed in the first half of fiscal 2020.

$1 = 1.4691 Australian dollars Reporting by Jamie Freed Editing by Chris Reese

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