10-Sep-2009 12:05 PM
Qantas needs large profits to fund fleet acquisitions; AirArabia to launch Egyptian LCC
Analysis
Qantas' shares gained 3.7% yesterday in a solid local session. Following the market close, CEO, Alan Joyce, warned that the carrier may require new loans or may be forced to reduce its cash reserves if profitability does not improve, to fund the AUD19 billion (USD16.4 million) of planned aircraft acquisitions over the next ten years.
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