Qantas Group falls into the red in FY2020

20 August, 2020

Qantas Group reported (20-Aug-2020) the following financial highlights for the 12 months ended 30-Jun-2020:

  • Revenue: AUD14,257 million (USD9550 million), -20.6% year-on-year;
    • Passenger: AUD12,183 million (USD8160 million), -22.4%;
    • Cargo: AUD1045 million (USD700.3 million), +7.6%;
  • Costs: AUD16,694 million (USD11,190 million), +1.2%;
    • Labour: AUD3646 million (USD2440 million), -14.6%;
    • Fuel: AUD2895 million (USD1940 million), -24.7%;
  • Underlying EBIT (loss): AUD395 million (USD264.7 million), -75.4%;
    • Qantas domestic: AUD173 million (USD115.9 million), -77.8%;
    • Qantas international: AUD56 million (USD37.5 million), -82.7%;
    • Jetstar Group: (AUD26 million) (USD17.4 million), compared to a profit of AUD400 million in p-c-p;
    • Qantas Loyalty: AUD341 million (USD228.5 million), -9.3%;
  • Statutory EBIT (loss): (AUD2437 million) (USD1630 million), compared to a profit of AUD1474 million in p-c-p;
  • Underlying profit before tax: AUD124 million (USD83.1 million), -90.6%;
  • Statutory profit before tax (loss): (AUD2708 million) (USD1810 million), compared to a profit of AUD1192 million in p-c-p;
  • Net profit (loss): (AUD1964 million) (USD1320 million), compared to a profit of AUD840 million in p-c-p;
  • Unit revenue (RASK): AUD 8.99 cents (USD 6.02 cents), +1.5%;
  • Unit cost (CASK): AUD 8.87 cents (USD 5.94 cents) , +11.3%;
  • Unit cost excl fuel: AUD 4.41 cents (USD 2.96 cents), +4.3%.
  • Total assets: AUD20,026 million (USD13,420 million);
    • Cash and cash equivalents: AUD3520 million (USD2360 million);
  • Total liabilities: AUD18,500 million (USD12,400 million). [more - original PR]

*Based on the average conversion rate at AUD1 = USD0.67016