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QANTAS GROUP POSTS SIGNIFICANT LOSS FROM FULL YEAR OF COVID
Underlying Loss Before Tax: $1.83 billion Statutory Loss Before Tax: $2.35 billion $12 billion revenue impact from COVID-19 crisis in FY21 Net debt reduced in 2H21 to $5.9 billion Statutory Net Free Cash flow of $267 million in 2H21 Restructuring program ahead of target, delivering $650 million in year one Total liquidity of $3.8 billion, […]
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QANTAS GROUP OUTLINES STRATEGY FOR RESTARTING INTERNATIONAL FLIGHTS
Gradual restart planned around National Cabinet’s phased reopening of international borders. Current date of December 2021 remains in reach, based on pace of vaccine rollout. Plans remain dependent on Government decisions in coming months, including future quarantine requirements. Destinations with high vaccination rates are initial focus, including North America, UK, Singapore, Japan. Early return of […]
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FY21 RESULTS SPEECH – QANTAS GROUP CEO ALAN JOYCE
Good morning. As we foreshadowed back in May, the Group has posted a statutory loss before tax of over $2.3 billion for the 2021 Financial Year. At the underlying level, the loss was $1.8 billion. Total revenue lost since the start of the pandemic rose to around $16 billion – and it’s likely to exceed […]
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QANTAS UNVEILS VACCINE REWARD MEGA PRIZE CAMPAIGN
A year’s worth of free flights, Accor hotel stays and bp fuel up for grabs* Free Qantas Points, Status Credits or $20 flight discount for fully vaccinated Australians Qantas teams up with Australian singer Tones And I to launch TVC to ‘Be Rewarded’ The Qantas Group is launching its reward campaign for COVID-19 vaccinated Australians […]
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QANTAS GROUP TO REQUIRE EMPLOYEES TO BE VACCINATED AGAINST COVID-19
The Qantas Group will require all employees to be fully vaccinated against COVID-19 as part of the national carrier’s commitment to safety. Frontline employees – including cabin crew, pilots and airport workers – will need to be fully vaccinated by 15 November 2021 and the remainder of employees by 31 March 2022. There will be […]
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