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Qantas domestic, Qantas Freight, Qantas Loyalty and Jetstar all profitable; Qantas Int'l loss halved

29-Aug-2013 10:14 AM

Qantas Airways Ltd revenue up 1% – financial highlights for 12 months ended 30-Jun-2013:

  • Revenue: AUD15,902 million (USD16,316 million), +1.1% year-on-year;
  • Costs: AUD15,530 million (USD15,935 million), +0.5%;
    • Fuel: AUD4154 million (USD4262 million), -1.6%;
    • Labour: AUD3825 million (USD3925 million), +1.4%;
  • Underlying EBIT: AUD372 million (USD382 million), +40.4%;
    • Qantas Brands: AUD418 million (USD429 million), +67.9%;
      • Qantas Domestic: AUD365 million (USD375 million), -21.2%;
      • Qantas International: (AUD246 million) (USD252 million), compared to a loss of AUD484 million (USD497 million) in p-c-p;
      • Qantas Loyalty: AUD260 million (USD267 million), +12.6%;
      • Qantas Freight: AUD36 million (USD37 million), -20.0%;
    • Jetstar Group: AUD138 million (USD142 million), -32.0%;
  • Underlying profit before tax: AUD192 million (USD197 million), +102%;
  • Net profit: AUD5 million (USD5 million), compared to a loss of AUD245 million (USD251 million) in p-c-p;
  • Passenger numbers: 48.3 million, +3%;
  • Load factor: 79.3%, -0.8 ppt;
  • Yield (excl forex): AUD 10.33 cents (USD 10.6 cents), -2%;
  • Net underlying unit cost: AUD 4.99 cents (USD 5.1 cents), +6%;
  • Total assets: AUD20,200 million (USD20,726 million);
  • Cash and cash equivalents: AUD2829 million (USD2903 million);
  • Total liabilities: AUD14,246 million (USD14,617 million);
  • 1HFY2014 forecast:
    • Capacity: +1% to +2%;
      • Domestic: +1.5% to +2.5%;
    • Underlying fuel costs: AUD2340 million (USD2401 million). [more - original PR]

*Based on the average conversion rate at USD1 = AUD0.9746

Qantas: “The operating environment for the Qantas Group in 1H14 remains challenging and volatile. No Group profit guidance is provided at this time due to the high degree of volatility and uncertainty in the competitive environment, global economic conditions, fuel prices and foreign exchange rates.” Source: Company statement, 29-Aug-2013.