Qantas could be flying towards fleet renewal spending cliff, says S&P

Qantas Airways has put off buying new aircraft for too long and could be speeding towards a spending cliff as its fleet ages, according to S&P Global Ratings. The airline has run up record profits in the past two years after successfully pulling off a turnaround plan following its disastrous $2.8 billion loss in 2014. But in new research, S&P analyst Graeme Ferguson says these profits have also been supported by reduced aircraft investment, along with write-downs and the fact it has not… (www.msn.com) Más...