Qantas Group underlying EBIT down 17% in H1FY2019 as fuel cost jumps 27%

    Qantas Group reported (21-Feb-2019) the following financial highlights for six months ended 31-Dec-2018:

    • Revenue: AUD9206 million (USD6665 million), +5.8% year-on-year;
      • Passenger: AUD8027 million (USD5811 million), +5.5%;
      • Freight: AUD525 million (USD380 million), +15.4%;
    • Costs: AUD8380 million (USD6067 million), +7.8%;
      • Labour: AUD2205 million (USD1596 million), +3.3%;
      • Aircraft operating variable: AUD1980 million (USD1433 million), +6.9%;
      • Fuel: AUD1963 million (USD1421 million), +26.9%;
    • Underlying EBIT: AUD871 million (USD631 million), -16.7%;
      • Qantas domestic: AUD453 million (USD328 million), +0.9%;
      • Qantas international: AUD90 million (USD65 million), -59.8%;
      • Jetstar Group: AUD253 million (USD183 million), -19.7%;
      • Qantas Loyalty: AUD175 million (USD127 million), +4.2%;
    • Underlying profit before tax: AUD780 million (USD565 million), -18.7%;
    • Net profit: AUD498 million (USD361 million), -16.3%;
    • Passengers: 28.5 million, +1.3%;
    • Passenger load factor: 84.5%, +1.0ppt;
    • Revenue per ASK: AUD 8.94 cents (USD 6.47 cents), +5.7%;
    • Cost per ASK: AUD 7.92 cents (USD 5.73 cents), -9.8%;
    • Cost per ASK excl fuel: AUD 5.37 cents (USD 3.89 cents), -1.3%;
    • Total assets: AUD18,591 million (USD13,459 million);
    • Cash and cash equivalents: AUD1494 million (USD1082 million);
    • Total liabilities: AUD15,232 million (USD11,027 million).