Qantas fleet: ageing aircraft and leasing potential, future of the A330, and Jetstar fleet needs
The Qantas fleet is in the news after an S&P report cautioned that Qantas had not invested in fleet in recent years, and as a result the airline faces a large capex bill as fleet renewal becomes imperative.
From having one of the younger fleets in the region, Qantas' average fleet age has steadily crept up, to 10.6 today. A young fleet is good for marketing and when fuel prices are high, but at the other extreme, Delta Air Lines provides a counter-example: one of the industry's oldest fleets, at an average of 17 years, but with new interiors, respected reliability and some of the industry's best profits.
Of Qantas' mainline fleet, 57% is narrowbody 737 aircraft. If Qantas wants to reduce capex it is easy to lease narrowbody aircraft, and Qantas' investment grade rating ensures good deals. Less certain is how many A330s Qantas will need to replace, depending on its future Asian footprint.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.