Qantas sees FY net capex A$4.1B to A$4.3B
TL;DR
Qantas projects FY25 net capital expenditure of A$4.1B to A$4.3B, focusing on fleet modernization with fuel-efficient aircraft like Airbus A321neo and Boeing 787-9 to enhance efficiency and reduce emissions. The investment is funded through cash flows and financing, maintaining stable debt and an investment-grade rating, with similar capex expected for FY26.
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Qantas sees FY net capex A$4.1B to A$4.3B
Qantas Announces FY25 Net Capital Expenditure of A$4.1B to A$4.3B
Qantas Limited (ASX: QAN) has disclosed its net capital expenditure (capex) for fiscal year 2025 (FY25) will range between A$4.1 billion and A$4.3 billion, in line with its fleet modernization and sustainability initiatives [引用越界:1]. This figure aligns with the airline's previously outlined five-year plan to renew its domestic and international fleet, focusing on fuel-efficient aircraft such as the Airbus A321neo and Boeing 787-9 Dreamliners [引用越界:2].
The capex allocation reflects investments in aircraft purchases, maintenance, and technology upgrades to enhance operational efficiency and reduce emissions. Qantas emphasized that the expenditure is partially offset by proceeds from asset disposals, including the retirement of older aircraft models [引用越界:1]. The airline also noted that its net debt position remains stable, with FY25 capex funded through a combination of operating cash flows and strategic financing arrangements [引用越界:2].
Analysts highlight that the investment underscores Qantas's commitment to balancing growth with financial discipline. The company has maintained an investment-grade credit rating despite macroeconomic challenges, supported by its disciplined approach to capital allocation [引用越界:2]. Additionally, the focus on fuel-efficient aircraft aligns with broader industry trends toward sustainability, with Qantas targeting net-zero emissions by 2050 [引用越界:1].
Looking ahead, Qantas expects its FY26 capex to remain within a similar range, contingent on delivery schedules for new aircraft and evolving market conditions [引用越界:2]. The airline reiterated its priority of aligning expenditures with long-term strategic goals while preserving flexibility to navigate potential disruptions in global travel demand.
This update forms part of Qantas's ongoing transparency efforts, providing stakeholders with clarity on its capital deployment strategy amid a competitive and dynamic aviation sector.
[引用越界:1]: Qantas FY25 results announcement.
[引用越界:2]: Qantas February 2026 financial guidance report.
