Qantas Group underlying EBIT down 15% in FY2019

21 August, 2019

Qantas Group reported (22-Aug-2019) the following financial highlights for the 12 months ended 30-Jun-2019:

  • Revenue: AUD17,966 million (USD12,852 million), +4.9% year-on-year;
    • Passenger: AUD15,696 million (USD11,228 million), +5.0%;
    • Freight: AUD971 million (USD694.6 million), +8.5%;
  • Expense: AUD16,516 million (USD11,815 million), +5.9%;
    • Labour: AUD4268 million (USD3053 million), -0.5%;
    • Fuel: AUD3846 million (USD2751 million), +19.0%;
  • Underlying EBIT: AUD1487 million (USD1064 million), -14.9%;
    • Qantas Domestic: AUD740 million (USD529.4 million), -3.3%;
    • Qantas International: AUD285 million (USD203.9 million), -28.4%;
    • Jetstar Group: AUD370 million (USD264.7 million), -19.0%;
    • Qantas Loyalty: AUD374 million (USD281.8 million), +8.4%;
  • Underlying profit before tax: AUD1302 million (USD931.4 million), -16.8%;
  • Net profit: AUD891 million (USD637.4 million), -6.5%;
  • Revenue per ASK: AUD 8.85 cents (USD 6.3 cents), +5.3%;
  • Cost per ASK: AUD 7.99 cents (USD 5.7 cents), +8.4%;
  • Cost per ASK excl fuel: AUD 5.40 cents (USD 3.9 cents), +0.6%;
  • Total assets: AUD19,377 million (USD13,861 million);
    • Cash and cash equivalents: AUD2157 million (USD1543 million);
  • Total liabilities: AUD15,941 million (USD11,403 million). [more - original PR]

*Based on the average conversion rate at AUD1 = USD0.715342