Qantas Group provides an update on Q3FY2018 results

    Qantas Group revenue increase 8% in Q3FY2018, positive traffic growth across all units

    Qantas Group issued (02-May-2018) the following trading update for the three months ended 31-Mar-2018:

    • Revenue: AUD4250 million (USD3340 million), +7.5% year-on-year;
    • Underlying profit before tax: AUD1550 million (USD1218 million) to AUD1600 million (USD1257 million);
    • Passengers: 13.7 million, +3.2%;
      • Qantas domestic: 5.3 million, -0.4%;
      • Qantas international: 2.1 million, +8.9%;
      • Jetstar domestic: 3.5 million, +4.6%;
      • Jetstar international: 1.7 million, +3.7%;
      • Jetstar Asia: 1.1 million, +5.6%;
    • Passenger load factor: 83.2%, +3.1ppt;
      • Qantas domestic: 76.9%, +1.9ppt;
      • Qantas international: 84.0%, +3.4ppt;
      • Jetstar domestic: 86.8%, +3.3ppt;
      • Jetstar international: 86.9%, +3.6ppt;
      • Jetstar Asia: 84.0%, +2.2ppt;
    • Revenue per ASK: +6.0%;

    *Based on the average conversion rate at AUD1 = USD0.785848

    Qantas Group projects USD150m increase in fuel bill in FY2018, still expects record financial result

    Qantas Group CEO Alan Joyce stated (02-May-2018) the carrier’s performance in Q3FY2018 showed the company’s ability to achieve continued earnings growth, despite the rise in jet fuel costs that all airlines are dealing with, and to reinvest. Mr Joyce said that the airline expects an AUD200 million (USD149.5 million) increase in its total fuel bill in FY2018, but despite this Qantas is “on track to deliver another record full year result”. Mr Joyce noted that a “large part of our earnings momentum is driven by ongoing investment in customer experience Improvements to aircraft interiors, rollout of free WiFi, changes to our route network and lounge upgrades are why Qantas and Jetstar have a strong place in the market”. [more – original PR]

    Qantas Group CEO: Solid results from all units a reflection of broadly positive trading conditions

    Qantas Group CEO Alan Joyce said (02-May-2018) the carrier is “seeing solid results from each of our business units, which is a reflection of broadly positive trading conditions and the work we’ve done to strengthen the Group”. The airline is continuing to broaden its earning streams, via avenues such as health insurance and financial services under Qantas Loyalty. [more – original PR]

    Qantas Group affirms outlook, projects underlying full year outlook of USD1160-USD1197m

    Qantas Group affirmed (02-May-2018) its existing outlook for capacity, fuel costs, capital expenditure and transformation benefits in H2FY2018. Based on these expectations, Qantas anticipates a full year underlying profit before tax of between AUD1550 million (USD1159.7 million) and USD1600 million (USD1197.1 million). [more – original PR]