Qantas Airways bets on Sydney to London non-stop commercial flight with Airbus order
High fuel costs and low cabin density mean a sizeable revenue premium is required to make Qantas's non-stop flights viable, however. The airline did not say what it would charge.
The order from the European aircraft maker also includes 40 narrowbody A321XLR and A220 jets to start the replacement of Qantas's ageing domestic fleet, with deliveries spread over a decade. The airline did not disclose the value of the deal, but analysts at Barrenjoey estimated in a client note it would cost at least A$6 billion .
Qantas shares closed up 3% at the highest level since November after it also said debt levels had fallen to pre-COVID levels faster than the market's expectations. Airbus shares slipped 1% in early trading.An Airbus A350-1000 test plane arrives at Sydney Airport as the backdrop for Qantas announcing an order for 12 of the planes in Sydney, Australia May 2, 2022.
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