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Qantas forecasts higher capital expenditure in fiscal 2024

2023-05-30 00:56
Qantas Airways on Tuesday forecasted a higher capital expenditure guidance for fiscal 2024 as the company aims to
Qantas forecasts higher capital expenditure in fiscal 2024

Qantas Airways on Tuesday forecasted a higher capital expenditure guidance for fiscal 2024 as the company aims to add to its fleet.

Australia's flagship carrier expects its capex in 2024 to be between A$3 billion ($2.03 billion) to A$3.2 billion, compared to its outlook of A$2.6 billion to A$2.7 billion for fiscal 2023.

($1 = 1.4743 Australian dollars)

(Reporting by Navya Mittal in Bengaluru; Editing by Shailesh Kuber)