Qantas’ mainline flying business has gone from a AUD1.23 billion profit before tax to a AUD77 million loss in the space of 12 months. Were it not for a AUD126 million profit before tax from Jetstar (up 23.5%) and AUD310 million profit from its frequent flyer business (up 142%), the Group would have been deeply in the red. And more of the same is expected. With Qantas mainline losing up to AUD30 million a month, the airline still faces a toxic combination of “high levels of volatility in the economic outlook, industry capacity, passenger demand, fuel prices and exchange rates continue”, making it “not possible to provide any profit guidance”.
To access CAPA Premium Analysis you need a CAPA Membership
Your window into the latest insights
CAPA employs an industry-leading Analyst team based in Europe, North America, Asia and Australia who offer unique perspectives and independent and accurate commentary of critical industry developments globally. CAPA Members rely on our Analysis to unlock valuable insights and actionable intelligence to keep ahead of the game.
Big picture strategic view
Our Analysts don’t just report the news - they take a big picture strategic view of aviation dynamics, issues and trends and analyse the implications of these developments for you.
The CAPA Analyst team is based globally to ensure our CAPA Members have access to independent, unique perspectives covering an entire spectrum of daily, worldwide commercial aviation developments.
Customise your Alerts
CAPA Members can use CAPA Alerts to receive daily, weekly or monthly and customised updates on our Analysis.
I'm very impressed by the factual and detailed analysis CAPA is always doing.- CEO, Airline Member
Phone: +61 2 9241 3200 | Email: email@example.com