Qantas HY25 results

[markis10]

I always look at the investor preso for fleet details, some pain from delays :

 

[moa999]

(edited after thread merge)

Just published this morning.
Financially look pretty strong.

On some of the stuff us flyers care about.

New 737 Refurb program to commence 2027 (seemingly for 60 or so aircraft given the refurbs for 10 QF 333s and 11 JQ 787s already announced).
Lockers presumably for the non-BSI aircraft in this fleet


Detailed press release however only says 42 aircraft (not clear where the gap of 20 or so is) and not due to commence until 2027

https://www.qantasnewsroom.com.au/media-releases/qantas-to-embark-on-major-upgrade-of-737-cabins/

It's not mentioned, but neither are screen sizes, so suspect this means removal of IFE in the aircraft that have it.

Slight pushback of new deliveries on supplier delays.
First 321 XLR now June 2025.
First Sunrise 350 remains as second half of 2026

(See slide above)

Interestingly zero mention of inflight internet

 

[stm1sydney]

At this rate, it will take about 20 years to replace the aging B737s. And no widebody aircraft for delivery in the next 18 months to replace the aging A330s?

 

[markis10]

Still baffled by the A220 debacle, it seems they were wooed by the potential savings to be had by an operations restructure coupled with shiny new technology while ignoring the pain other operators were going through.

 

[moa999]

will take about 20 years to replace the aging B737s

The current 75 strong 737 fleet got delivered over 13 years (2002-2014) which is pretty much 6 a year.
And ideally you'd want to spread it further so you don't have the gap of no new aircraft.

Agree on the widebodies, but also got the final 2 A380s coming back, and the 332s starting their refurb.
Plus depending on 737 retirement schedule, the initial 321XLRs might enable even more displacement of 332s from domestic to international.

Post automatically merged: Today at 9:09 AM

they were wooed by the potential savings to be had by an operations restructure coupled with shiny new technology while ignoring the pain other operators were going through.

Think the aircraft were ordered before the operational issues became apparent.. but in Qantas's case this seems to be more an own goal on staff training and turnover.

 

[justinbrett]

Just published this morning.
Financially look pretty strong.

On some of the stuff us flyers care about.

New 737 Refurb program to commence this year (seemingly for 60 or so aircraft given the refurbs for 10 QF 333s and 11 JQ 787s already announced).
Lockers presumably for the non-BSI aircraft in this fleet
View attachment 433185

Detailed press release however only says 42 aircraft (not clear where the gap of 20 or so is) and not due to commence until 2027

https://www.qantasnewsroom.com.au/media-releases/qantas-to-embark-on-major-upgrade-of-737-cabins/

It's not mentioned, but neither are screen sizes, so suspect this means removal of IFE in the aircraft that have it.

Slight pushback of new deliveries on supplier delays.
First 321 XLR now June 2025.
First Sunrise 350 remains as second half of 2026

View attachment 433186

Interestingly zero mention of inflight internet

Suspect the gap are the newer aircraft with IFE. They don’t need a refurb. Many only 11 years old (2014 build).

 

[Mwenenzi]

Still baffled by the A220 debacle, it seems they were wooed by the potential savings to be had by an operations restructure coupled with shiny new technology while ignoring the pain other operators were going through.

From https://www.qantasnewsroom.com.au/m...nvestment-in-new-aircraft-and-cabin-upgrades/

Qantas’ fleet renewal is also underway with five A220s now in operation and performing well. However, as the fleet is still sub-scale, benefits were outweighed in the half by costs associated with transitioning to a new fleet type.

Translation: We (QF) have no idea what we are doing. It is utter chaos

 

[moa999]

Suspect the gap are the newer aircraft with IFE. They don’t need a refurb. Many only 11 years old (2014 build).

Possibly.
Albeit I thought the IFE/ non-IFE was roughly 50/50.
Maybe BSI + IFE.

Indeed checking the previous refurb tracker.
38 no IFE + Classic (2002-08 deliveries, up to VZE)
13 IFE + Classic (2009-11 deliveries, up to VZE)
24 IFE + BSI (2011-14 deliveries, up to XZP)

 

[markis10]

Plus depending on 737 retirement schedule,

I think that retirement schedule is on indefinite hold given the refurb for the whole fleet

 

[justinbrett]

Possibly.
Albeit I thought the IFE/ non-IFE was roughly 50/50.
Maybe BSI + IFE.

Well the gap is 33 - 42 out of 75 being refurb'd. That sounds about right to me.

It's a big job to remove IFE from an aircraft. I know the RAAF spent a lot of money removing IFE from its KC-30As. (People think they were being cheap by ordering without IFE, it's actually the reverse, they had to pay to remove it. They wanted the weight savings).

 

[moa999]

My gap is from 80+ refurbs (per the slide at the top) less 10 QF 332s, less 11 JQ 788s = 59+ 737s.

To the 42 mentioned in the separate release - so a gap of 17.. (maybe accounted for with the IFE+BSI aircraft if 80+ is actually 87).

And if that's the case then it probably means only 9 of the oldest 737s aren't getting a refurb.

(And given refurbs don't commence until 2027, we might not see any 737 retirements until after that date)

 

[justinbrett]

Did we know the A330 refurb was installing the sunrise Y seats (with the new larger screens)? That's pretty cool.

And if that's the case then it probably means only 9 of the oldest 737s aren't getting a refurb.

Not necessarily. They might try and sell the 9 newest.

Either way they're not going to be ripping out IFE, cheaper to replace it.

 

[elanshin]

Did we know the A330 refurb was installing the sunrise Y seats (with the new larger screens)? That's pretty cool.

Everything we heard points to that yes which is why I also hope they do an update on the IFE for J as well on thr refresh or you'll have very disconnected gap in technology upfront and down back. (Also miffed they're not installing PE on them).

 

[moa999]

Did we know the A330 refurb was installing the sunrise Y seats (with the new larger screens)? That's pretty cool.

That was known - https://www.qantasnewsroom.com.au/m...-generation-cabin-upgrades-for-a330-aircraft/

But note as well as new seats, they specifically highlight that the IFE will be 4K and 13.3"

Either way they're not going to be ripping out IFE, cheaper to replace it.

They are replacing seats. I'm pretty sure a basic seat with a tablet holder is going to be quite a bit cheaper (and lighter) than one with IFE in it, even if it costs you some $s to remove excess wiring.

And I suspect you are only doing the refurb at the point of a major check where you are pretty much removing most of the interior anyway.

 

[chrispy3276]

One of the reasons why they introduced Classic Plus Reward seats already appears to be paying dividends: "There have been early positive signs, with double the growth in points earn for members who have redeemed on Classic Plus". The media release also indicates that 13,000+ standard Classic rewards seats are being booked on average every day.

22 billion points have also been redeemed on Classic Plus Reward seats since going live in December, 20% of people who are redeeming these rewards have never redeemed a flight reward before.

 

[eastwest101]

My gap is from 80+ refurbs (per the slide at the top) less 10 QF 332s, less 11 JQ 788s = 69+ 737s.

To the 42 mentioned in the separate release - so a gap of 27.. (maybe accounted for with the IFE+BSI aircraft if someone switched an ~80 for 80+).

And if that's the case then it probably means only 9 of the oldest 737s aren't getting a refurb.

(And given refurbs don't commence until 2027, we might not see any 737 retirements until after that date)

Yeah - this is all about Airbus and Boeing being unable to deliver new aircraft, engine shortages, and seat shortages plus all the other post-Covid supply chain disruptions going forward (read: international trade wars and tariff/export bans), so not really a Qantas-specific thing but more of a worldwide aviation problem. The extension and elongation of the current fleet might also make it more difficult to crew the A220 fleet, so that's Qantas' own goal, which is to pinch the pennies and throw away the pounds when it comes to industrial relations.

 

[stm1sydney]

I think that retirement schedule is on indefinite hold given the refurb for the whole fleet

So the financial benefit from running one type (737 to 321) will only kick in in about 2037(?), until then they will have to wear higher costs. Not great news for shareholders.

 

[moa999]

So the financial benefit from running one type (737 to 321) will only kick in in about 2037(?), until then they will have to wear higher costs. Not great news for shareholders.

Think that was always going to be the case.. remember the 737s were delivered over a 13yr period.

 

[elanshin]

So the financial benefit from running one type (737 to 321) will only kick in in about 2037(?), until then they will have to wear higher costs. Not great news for shareholders.

I mean that depends on how much the shareholders would've wanted QF to take the MAX family after all the Boeing issues. Otherwise no fleet renewal is NOT an option.

 

[Kingo42]

I'd assume the 42 737s to get the new seats as the VZ* block (including VYZ) and the XZ* block as they are the newest 42 and include the BSI aircraft which are already getting the SSW upgrades