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20-Aug-2015 9:19 AM

Qantas Group bounces back with underlying EBIT of USD1bn in FY2015

Qantas Group revenue up 3% - financial highlights for 12 months ended 30-Jun-2015:

  • Revenue: AUD15,816 million (USD13,168 million), +3.0% year-on-year;
    • Passenger: AUD13,667 million (USD11,379 million), +3.2%;
    • Freight: AUD936 million (USD779.3 million), -2.0%;
  • Costs: AUD14,583 million (USD12,141 million), -7.7%;
    • Fuel: AUD3937 million (USD3278 million), -11.7%;
    • Labour: AUD3604 million (USD3001 million), -4.4%;
  • Underlying EBIT: AUD1233 million (USD1027 million), compared to a loss of AUD440 million (USD366.3 million) in p-c-p;
    • Qantas Domestic: AUD480 million (USD399.6 million), +1500%;
    • Qantas International: AUD267 million (USD222.3 million), compared to a loss of AUD497 million (USD413.8 million) in p-c-p;
    • Qantas Freight: AUD114 million (USD94.9 million), +375%;
    • Jetstar Group: AUD230 million (USD191.5 million), compared to a loss of AUD116 million (USD96.6 million) in p-c-p;
    • Qantas Loyalty: AUD315 million (USD262.3 million), +10.1%;
  • Net profit: AUD560 million (USD466.2 million), compared to a loss of AUD2843 million (USD2367 million) in p-c-p;
  • Passenger numbers: 49.2 million, +0.8%;
  • Passenger load factor: 79.1%, +1.7 ppt;
  • Yield: AUD 10.4 cents (USD 8.66 cents), +1.1%;
  • Total assets: AUD17,530 million (USD14,595 million);
  • Cash and cash equivalents: AUD2908 million (USD2421 million);
  • Total liabilities: AUD14,083 million (USD11,725 million).[more - original PR]

*Based on the average conversion rate at UDS1 = AUD1.2011

Qantas Group: "Qantas Group capacity expected to increase by 3 - 4 per cent in the first half of financial year 2016 compared to the first half of financial year 2015. Group Domestic capacity expected to increase by 0 - 1 per cent in the first half of financial year 2016 compared to the first half of financial year 2015. International capacity increase driven by utilisation, new route launches, B787-8 transition. Underlying fuel costs in financial year 2016 expected to be no more than AUD3.94 billion, AUD3.64 billion4 at current forward Australian dollar prices." Source: Company statement, 20-Aug-2015.

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