Qantas Airways (ASX:QAN) has announced that it is heading into the fiscal year of 2024 (FY24) boasting a highly secure balance sheet.

The airline has made a firm order for 24 widebody aircraft, including 12 Boeing 787s and 12 Airbus A350s.

Qantas Airways (ASX:QAN) expects total fuel costs for the first half of FY24 to be around A$2.6 billion and anticipates that its domestic capacity will surpass pre-pandemic levels throughout the fiscal year.

The airline’s international capacity is forecasted to bounce back fully by the second half of FY24.

Transitionary costs that reached approximately A$400 million in FY23 are projected to wind down in FY24.

Qantas Airways (ASX:QAN) loyalty program is expected to hit its FY24 EBIT target of A$500 - A$600 million.

The airline has also disclosed that flight delays and cancellations have largely returned to the levels observed before the COVID-19 pandemic.

Additionally, Qantas Airways (ASX:QAN) has made strategic partnerships with Airbus and Boeing to gain access to up to 500 million liters of sustainable aviation fuel annually starting from 2028.

Finally, the company stated that the strength of its balance sheet will likely support future aircraft deliveries and shareholder returns.

As of 30 June 2023, the airline had liquidity sources rounding to about A$10 billion.

Qantas Airways (ASX:QAN) emphasized that travel demand continues to be incredibly robust.

Qantas Airways is an Australian airline known for its domestic and international flight services.