Qantas Group reports record profits in FY2016

Qantas Group revenue up 2% - financial highlights for 12 months ended 30-Jun-2016:

• Revenue: AUD16,200 million (USD11,801 million), +2.4% year-on-year;
• • Qantas domestic: AUD5710 million (USD4160 million), -2.0%;
  • Qantas international: AUD5750 million (USD4189 million), +5.2%;
  • Jetstar Group: AUD3636 million (USD2649 million), +5.0%;
  • Qantas Loyalty: AUD1454 million (USD1059 million), +6.8%;
  • Qantas Freight: AUD982 million (USD715.3 million), -8.0%;
• Total costs: AUD14,449 million (USD10,526 million), -0.9%;
• • Fuel: AUD3235 million (USD2357 million), -17.0%;
  • Labour: AUD3827 million (USD2788 million), +6.6%;
• Underlying EBIT: AUD1751 million (USD1276 million), +42.0%;
• • Qantas domestic: AUD578 million (USD421 million), +20.4%;
  • Qantas international: AUD512 million (USD373 million), +91.8%;
  • Qantas Freight: AUD64 million (USD47 million), -43.9%;
  • Jetstar Group: AUD452 million (USD329 million), +97%;
  • Qantas Loyalty: AUD346 million (USD252 million), +9.8%;
• Underlying profit before tax: AUD1532 million (USD1116 million), +57.1%;
• Net profit: AUD1029 million (USD749.6 million), +83.8%;
• Passenger numbers: 51.4 million, +4.6%;
• Passenger load factor: 80.1%, +1 ppt;
• Revenue per ASK: AUD 8.08 cents (USD 5.9 cents), -1.6%;
• Cost per ASK: AUD 7.05 (USD 5.1 cents), -6.5%;
• Cost per ASK excl fuel: AUD 4.81 cents (USD 3.5 cents), -3.2%;
• Total assets: AUD16,705 million (USD12,169 million);
• Cash and cash equivalents: AUD1980 million (USD1442 million);
• Total liabilities: AUD13,445 million (USD9794 million). [more - original PR]

*Based on the average conversion rate at AUD1 = USD0.728459

Qantas Group: "The Qantas Group expects to continue its strong financial performance in the first half of financial year 2017, in a more competitive revenue environment. We are focused on preserving high operating margins through the delivery of the Qantas Transformation program, careful capacity management, and the benefit of low fuel prices locked in through our hedging," Alan Joyce, CEO. Source: Company statement, 24-Aug-2016.