Qantas Group reports record profit in FY2018

    Qantas Group reported (23-Aug-2018) the following financial highlights for the 12 months ended 30-Jun-2018:

    • Revenue: AUD17,060 million (USD13,224 million), +6.2% year-on-year;
      • Passenger: AUD14,715 million (USD11,407 million), +6.2%;
      • Freight: AUD862 million (USD668.2 million), +6.7%;
    • Total underlying costs: AUD15,274 million (USD11,840 million), +5.6%;
      • Labour: AUD4300 million (USD3333 million), +6.6%;
      • Fuel: AUD3232 million (USD2505 million), +6.4%;
    • Underlying EBIT: AUD1786 million (USD1385 million), +12.3%;
      • Qantas Domestic: AUD768 million (USD595 million), +19.1%;
      • Qantas International: AUD399 million (USD309 million), +6.7%;
      • Jetstar Group: AUD461 million (USD357 million), +10.6%;
      • Qantas Loyalty: AUD372 million (USD288 million), +0.8%;
    • Underlying profit before tax: AUD1604 million (USD1243 million), +14.5%;
    • Net profit: AUD980 million (USD760 million), +14.9%;
    • Passengers: 55.3 million, +3.0%;
    • Passenger load factor: 83.2%, +2.6ppt;
    • Revenue per ASK: AUD 8.31 cents (USD 6.4 cents), +3.9%;
    • Cost per ASK: AUD 7.26 cents (USD 5.6 cents), +2.7%;
    • Cost per ASK excl fuel: AUD 5.15 cents (USD 4.0 cents), -2.4%;
    • Total assets: AUD18,647 million (USD14,455 million);
    • Cash and cash equivalents: AUD1694 million (USD1313 million);
    • Total liabilities: AUD14,688 million (USD11,386 million). [more – original PR]

    *Based on the average conversion rate at AUD1 = USD0.775168