Qantas Group reports USD1.3bn net loss in FY2021

    Qantas Group reported (26-Aug-2021) the following financial highlights for the 12 months ended 30-Jun-2021:

    • Revenue: AUD5934 million (USD4.4 billion), -58.4% year-on-year;
      • Passenger: AUD3766 million (USD2.8 billion), -69.1%;
      • Cargo: AUD1316 million (USD981.6 million), +25.9%;
    • Costs: AUD7984 million (USD6.0 billion), -52.2%;
      • Labour: AUD1970 million (USD1.5 billion), -46.0%;
      • Fuel: AUD835 million (USD622.8 million), -71.2%;
    • Underlying EBIT (loss): (AUD1525 million) (USD1.1 billion), compared to a profit of AUD395 million in p-c-p;
      • Qantas domestic: (AUD590 million) (USD440.1 million), compared to a profit of AUD173 million in p-c-p;
      • Qantas international: (AUD575 million) (USD428.9 million), compared to a profit of AUD56 million in p-c-p;
      • Jetstar Group: (AUD550 million) (USD410.2 million), compared to a loss of AUD26 million in p-c-p;
      • Qantas Loyalty: AUD272 million (USD202.9 million), -20.2%;
    • Statutory EBIT (loss): (AUD2050 million) (USD1.5 billion), compared to a loss of AUD2437 million in p-c-p;
    • Underlying profit before tax: (AUD1826 million) (USD1.4 billion), compared to a profit of AUD124 million in p-c-p;
    • Statutory profit before tax (loss): (AUD2351 million) (USD1.8 billion), compared to a loss of AUD2708 million in p-c-p;
    • Net profit (loss): (AUD1728 million) (USD1.3 billion), compared to a loss of AUD1964 million in p-c-p;
    • Unit revenue (RASK): AUD 9.72 cents (USD 7.25 cents), +8.1%;
    • Unit cost (CASK): AUD 15.94 cents (USD 11.89 cents) , +79.7%;
    • Total assets: AUD17,880 million (USD13.3 billion);
      • Cash and cash equivalents: AUD2221 million (USD1.7 billion);
    • Total liabilities: AUD17,364 million (USD13.0 billion).
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