21-Feb-2013 10:04 AM

Qantas Group profits improve in 1HFY2013

Qantas Group revenue up 2% – financial highlights for six months ended 31-Dec-2012:

  • Revenue: AUD8242 million (USD8560 million), +2% year-on-year;
    • Passenger: AUD6949 million, (USD7217 million), stable;
    • Freight: AUD475 million (USD493 million), +2%;
  • Costs: AUD7932 million (USD8238 million), -2%;
    • Fuel: AUD2135 million (USD2217 million), +0.9%;
    • Labour: AUD1927 million (USD2001 million), +3.1%;
  • Underlying EBIT: AUD310 million (USD322 million), +12%;
    • Qantas brands: AUD288 million (USD299 million), +24%;
      • Qantas Domestic: AUD218 million (USD226 million), -34%;
      • Qantas International: (AUD91 million) (USD95 million), compared to a loss of AUD262 million (USD272 million) in p-c-p;
      • Qantas Loyalty: AUD137 million (USD142 million), +15%;
      • Qantas Freight: AUD22 million (USD23 million), -42%;
    • Jetstar: AUD128 million (USD133 million), -13%;
  • Net profit: AUD111 million (USD115 million), +164%;
  • Passenger numbers: 24.7 million, +4.3%;
  • Load factor: 80.0%, -0.9 ppt;
  • Yield: AUD 10.46 cents (USD10.9 cents), -2.9%;
  • Net underlying unit cost: AUD 5.04 cents (USD 5.2 cents), +6.3%;
  • Ancillary revenue per passenger:
    • Jetstar: AUD31.71 (USD33), +7%;
  • Total assets: AUD20,430 million (USD21,219 million), -3.5% when compared to period ended 30-Jun-2013;
  • Cash and cash equivalents: AUD3058 million (USD3176 million), -10.0% when compared to period ended 30-Jun-2013;
  • Total liabilities: AUD14,436 million (USD15,289 million), -5.6% when compared to period ended 30-Jun-2013;
  • 2HFY2013 forecast:
    • Capacity: +0.5% to 1.5%;
      • Domestic: +5% to 7%;
    • Underlying fuel costs: AUD2250 million (USD2337 million). [more – original PR]

*Based on the average conversion rate at USD1 = AUD0.9628

Qantas Group: “The operating environment for the Qantas Group in 2H13 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, 21-Feb-2013.

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