Qantas Group underlying EBIT down 1.7% in H1FY2020

    Qantas Group reported (20-Feb-2020) the following financial highlights for the six months ended 31-Dec-2019:

    • Revenue: AUD9464 million (USD6479 million), +2.8%;
      • Passenger: AUD8305 million (USD5686 million), +3.5%;
      • Cargo: AUD496 million (USD339.6 million), -5.5%;
    • Costs: AUD8687 million (USD5947 million), +3.7%;
      • Labour: AUD2212 million (USD1514 million), +0.3%;
      • Fuel: AUD1975 million (USD1352 million), +0.6%;
    • Underlying EBIT: AUD900 million (USD616.2 million), -1.7%;
      • Qantas domestic: AUD465 million (USD318.3 million), -2.7%;
      • Qantas international: AUD122 million (USD83.5 million), +2.5%;
      • Jetstar Group: AUD220 million (USD150.6 million), -13%;
      • Qantas Loyalty: AUD196 million (USD134.2 million), +12%;
    • Statutory EBIT: AUD777 million (USD532.0 million), -6.6%;
    • Underlying profit before tax: AUD771 million (USD527.8 million), -0.5%;
    • Statutory profit before tax: AUD648 million (USD443.6 million), -6.2%;
    • Net profit: AUD445 million (USD304.7 million), -3.9%;
    • Unit revenue (RASK): AUD 9.19 cents (USD 6.3 cents), +2.8%;
    • Unit cost (CASK): AUD 8.18 cents (USD 5.6 cents), +3.2%;
    • Unit cost excl fuel: AUD 5.60 cents (USD 3.8 cents), +3.1%.
    • Total assets: AUD20,355 million (USD13,936 million);
      • Cash and cash equivalents: AUD1745 million (USD1195 million);
    • Total liabilities: AUD17,619 million (USD12,062 million).