Qantas Group reports record first half profit in H1FY2018

Qantas Group reported (22-Feb-2018) the following financial highlights for six months ended 31-Dec-2017:

• Revenue: AUD8660 million (USD6747 million), +5.8% year-on-year;
  • Qantas Domestic: AUD3070 million (USD2392 million), +5.3%;
  • Qantas International: AUD3439 million (USD2679 million), +7.3%;
  • Jetstar Group: AUD1936 million (USD1508 million), +4.1%;
  • Qantas Loyalty: AUD763 million (USD594.4 million), +2.7%;
• Total costs: AUD7597 million (USD5919 million), +5.0%;
  • Labour: AUD2141 million (USD1668 million), +5.6%;
  • Fuel: AUD1547 million (USD1205 million), +3.9%;
• Underlying EBIT: AUD1063 million (USD828.2 million), +12.0%;
  • Qantas Domestic: AUD447 million (USD348 million), +20.5%;
  • Qantas International: AUD222 million (USD173 million), -5.5%;
  • Jetstar Group: AUD318 million (USD248 million), +15.6%;
  • Qantas Loyalty: AUD184 million (USD143 million), +1.7%;
  • Corporate: (AUD93 million) (USD72.5 million), compared to a loss of AUD88 million in p-c-p;
• Underlying profit after tax: AUD976 million (USD760.4 million), +14.6%;
• Passengers: 28.1 million, +2.8%;
• Passenger load factor: 83.5%, +2.5ppt;
• Revenue per ASK: AUD 8.37 cents (USD 6.5 cents), +3.5%;
• Cost per ASK: AUD 7.11 cents (USD 5.5 cents), +2.0%;
• Cost per ASK excl fuel: AUD 5.12 cents (USD 4.0 cents), +2.2%;
• Total assets: AUD17,900 million (USD13,945 million);
• Cash and cash equivalents: AUD1787 million (USD1392 million);
• Total liabilities: AUD14,147 million (USD11,022 million). [more - original PR]

*Based on the average conversion rate at AUD1 = USD0.779069