26-Jun-2009 11:20 AM

Qantas' shares advance as B787 fleet plans are trimmed, Cathay Pacific and Japan Airlines stable

Analysis

Shares in Qantas are up 1.8% in morning trade today, as the airline announced plans to cancel 15 B787s deliveries and defer 15 more. Investors have welcomed the move, described by Qantas CEO, Alan Joyce, as "appropriate in the current climate", which will save USD3 billion in capital expenditure.

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Qantas' shares advance as B787 fleet plans are trimmed, Cathay Pacific and Japan Airlines stable

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