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26-Feb-2015 9:28 AM

Qantas Airways reports USD444m underlying EBIT in 1HFY2015

Qantas Airways revenue up 2% - financial highlights for six months ended 31-Dec-2014:

  • Revenue: AUD8071 million (USD7174 million), +2.1% year-on-year;
    • Net passenger: AUD6960 million (USD6186 million), +2.6%;
    • Net freight: AUD485 million (USD431 million), -3.0%;
  • Costs: AUD7571 million (USD6729 million), -6.1%;
    • Fuel: AUD2164 million (USD1923 million), -4.0%;
  • Underlying EBIT: AUD500 million (USD444.4 million), compared to a loss of AUD156 million (USD138.7 million) in p-c-p;
    • Qantas brands: AUD500 million (USD444.4 million), compared to a loss of AUD48 million (USD42.7 million) in p-c-p;
      • Qantas domestic: AUD227 million (USD201.8 million), +298%;
      • Qantas International: AUD59 million (USD52.4 million), compared to a loss of AUD262 million (USD232.9 million) in p-c-p;
      • Qantas Loyalty: AUD160 million (USD142.2 million), +9.6%;
      • Qantas Freight: AUD54 million (USD48.0 million), +391%;
    • Jetstar Group: AUD81 million (USD72.0 million), compared to a loss of AUD16 million (USD14.2 million) in p-c-p;
  • Net profit: AUD203 million (USD180.4 million), compared to a loss of AUD235 million (USD208.9 million) in p-c-p;
  • Total assets: AUD17,704 million (USD15,736 million);
  • Cash and cash equivalents: AUD2892 million (USD2570 million);
  • Total liabilities: AUD14,971 million (USD13,306 million). [more - original PR]

*Based on the average conversion rate at USD1 = AUD1.1251

Qantas Airways: "The outlook for the Group's operating environment in the second half of financial year 2015 has improved: Overall demand is stable, while demand is mixed in the Australian domestic market; Domestic and international market capacity is moderating; and yield and load factors have stabilised and are in the early stages of recovery." Source: Company statement, 26-Feb-2015.

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