Investing
Qantas forecasts higher capital expenditure in fiscal 2024
© Reuters. FILE PHOTO: Qantas planes are seen at Kingsford Smith International Airport in Sydney, Australia, March 18, 2020. REUTERS/Loren Elliott/File Photo
(Reuters) – 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)
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