Results for: Fleet Renewal

The Qantas Group has announced robust financial results for the fiscal year ending June 30, 2024, with an Underlying Profit Before Tax of $2.08 billion and a Statutory Profit After Tax of $1.25 billion. The Group’s success is attributed to a strategic focus on balancing profitability with investments in customer experience, fleet renewal, employee benefits, and shareholder returns. Looking ahead, Qantas is optimistic about future prospects, driven by stable booking trends and strong travel demand across its brands.

Qantas is gearing up for the arrival of its first Airbus A321XLR aircraft in Australia next year, marking a significant milestone in its fleet renewal program. The airline has commenced pilot training and unveiled details of the enhanced cabin experience for passengers. The A321XLR’s extended range capabilities will enable Qantas to offer new non-stop routes and improve operational flexibility, while the aircraft’s design promises a quieter, more reliable, and environmentally friendly travel experience.

Cathay Group, based in Hong Kong, has announced the purchase of 30 Airbus A330-900 aircraft, replacing older models and boosting its regional and long-range flight capabilities. This strategic move signifies the airline’s commitment to modernization and growth, driven by its confidence in Hong Kong’s aviation hub status and its dedication to sustainable practices.

Cathay Group, Hong Kong’s flagship airline, has announced the purchase of 30 A330-900 widebody aircraft from Airbus to modernize its fleet and expand operations. The new planes will replace older A330-300s, offering increased capacity and flexibility on regional and long-haul routes. This investment aligns with Cathay’s commitment to sustainability and its goal of achieving net-zero carbon emissions by 2050.

Korean Air is reportedly in discussions with Boeing to purchase at least ten Boeing 777X aircraft. If the order is confirmed, it would be the third deal for the 777X this year and marks a shift for Korean Air, which has recently favored Airbus aircraft. The airline’s current fleet includes Airbus A380s and Boeing 747-8s, some of which are aging and due for replacement. The 777X is advertised with a capacity of up to 426 passengers in a typical two-class configuration, filling a gap in Korean Air’s fleet.