Qantas may need to hold Dreamliner plans to regain credit status
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Sydney
QANTAS Airways Ltd is on the verge of winning back the investment-grade credit status that it lost in 2013. Getting there may require putting off plans to buy Dreamliner aircraft.
Bonds sold by Australia's biggest carrier are at record-low yield premiums on speculation of cost cuts, cheaper fuel and a tie-up with Emirates Airline will deliver the strongest profits since 2008. Chief executive officer Alan Joyce may need to make more sacrifices, including delaying purchases of Boeing Co 787 Dreamliners a second time, National Australia Bank Ltd says.
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