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Qantas revenue down 14% for 6 months ended Dec-2009

18-Feb-2010 11:21 AM

Qantas reports (18-Feb-2010) the following financial/traffic highlights for the 6 months ended Dec-2009:

  • Revenue: USD6206.8 million, -14.4% year-on-year;
  • Costs: USD6078.3 million, -13.2%;
    • Labour: USD1554.2 million, -10.7%;
    • Fuel: USD1405.0 million, -23.7%;
  • Profit before income tax: USD80.9 million, -68.8%;
  • Net profit: USD52.1 million, compared to a net profit of USD188.7 million in the previous corresponding period;
  • Passenger numbers: 21.0 million, +7.1%;
    • Qantas Domestic: 8.6 million, +0.6%;
    • Jetstar Domestic: 4.3 million, +2.7%;
    • Qantas International: 3.0 million. -22.0%;
    • Jetstar International: 2.0 million, +107.4%;
  • Load factor: 82.4%, +2.7 ppts;
    • Qantas Domestic: 83%, +2.8 ppts;
    • Jetstar Domestic: 83.6%, +2.7 ppts;
    • Qantas International: 84.1%, +3.5% ppts;
    • Jetstar International: 77.6%, +2.9 ppts;
  • Passenger revenue per RPK: -14.9%. [more][more - Perspective]
  • *Based on the conversion rate at USD1 = AUD1.11314

Qantas: “Remaining uncertainty in the economic outlook, particularly in international markets, industry capacity, passenger and freight demand and high levels of volatility in fuel prices and exchange rates continue. At current prices, fuel costs are expected to be approximately AUD200 million higher in the second half compared to the first half. In addition, depreciation costs will be approximately AUD50 million higher in the second half due to a reassessment of aircraft residual values. Subject to no further significant change in market conditions and fuel prices, Qantas expects Underlying PBT for the full year ending 30 June 2010 to be in the range of AUD300-400 million,” Media Statement. Source: Qantas, 18-Feb-2010.