Qantas expects big fuel savings

Qantas expects big fuel savings

Qantas expects up to $290 million in fuel savings in the current financial year due to lower oil prices.

The airline says it expects to spend between $3.61 billion and $3.85 billion on fuel in 2015/16, down from $3.9 billion in 2014/15.

A lower Australian dollar is also making Australia more affordable for overseas visitors, which is leading to increase in inbound passengers, chief executive Alan Joyce told the company’s annual general meeting.

“While the impact of a cheaper currency varies across each segment, the Aussie dollar around current levels is a distinct benefit for the group as a whole,” he said.

“The outlook is positive and we expect a significant improvement in first half performance.”

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