Qantas suffers $244 million loss; cancels orders for 35 Boeing 787-9 Dreamliners

ABOVE: Qantas will retain three of these older Boeing 747-400 aircraft with Rolls-Royce engines, and six newer 747-400ER aircraft (GE engines).
This is VH-OJU at Perth Airport on 17 August 2012, wearing special Boxing Kangaroo decals and “Spirit of the Australian Team” titles – it was used to return the Australian Olympic Team from the 2012 London Olympics.
Photo © David Eyre

23 August 2012 © David Eyre

Qantas Group today  announced a $244 million loss after tax for the financial year ended 30 June  2012.

The Group has  cancelled orders for 35 Boeing 787-9 Dreamliners, but under the flexible terms  of its original contract with Boeing, Qantas can still take 50 Boeing 787-9s on  option from 2016 at the same price and delivery dates.

Qantas Group will still  take delivery of 15 787-8s, but all of these will go to Jetstar. Jetstar will  return its A330-200s to Qantas Domestic as the 787s are delivered, allowing  Qantas to eventually retire its fleet of 767-300ER aircraft.

The  Qantas  International fleet will be left with:

  • 12 Airbus A380s (plus two more for  delivery in 2016/17, and six more from 2018/19),
  • 9 Boeing 747-400  (three older 747-400 aircraft with Rolls-Royce engines and six newer 747-400ER  with GE engines)
  • 10 Airbus A330-300s

David Eyre

President, Aviation Association of WA Inc

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