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BRIEF-Qantas Airways says planning for capacity growth of 2-3 per cent in H1 2017

Published 24/08/2016, 09:07 am
© Reuters.  BRIEF-Qantas Airways says planning for capacity growth of 2-3 per cent in H1 2017
QAN
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Aug 23 (Reuters) - Qantas Airways Ltd QAN.AX :

* Qantas full year results 2016 - media release QAN.AX

* Group is planning for capacity growth of 2-3 per cent in the first half of

financial year 2017

* Short-term outlook remains subject to variable factors, including oil price

movements, foreign exchange movements and global market conditions"

* Long-term outlook for the group is positive

* Qantas Group expects to continue its strong financial performance in the

first half of financial year 2017"

* Capital expenditure forecast of approximately $1.5 billion in financial year

2017

* Full year depreciation and amortisation expense is expected to be

approximately $150 million higher

* Sees FY 2017 underlying fuel costs to be no more than $3.2 billion

* Says full year transformation benefits (cost, fuel efficiency and revenue)

are expected to be $450 million

* Says full year lease expense is expected to be approximately $100 million

lower than in financial year 2016

Source text for Eikon ID:nASX2Vb32H

Further company coverage: QAN.AX

Bangalore.newsroom@thomsonreuters.com

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