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QANTAS GROUP POSTS HALF YEAR LOSS BUT STRENGTHENS BALANCE SHEET
Underlying EBITDA loss: $(245) million. Underlying Loss Before Tax: $(1.28) billion. Statutory Loss Before Tax: $(622) million. Positive statutory net free cash flow: $552 million, supported by Mascot land sale and strong Qantas Loyalty and Freight cash contribution. Net debt declined to $5.5 billion; within target range. Total liquidity of $4.3 billion. Flying performance significantly […]
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HY22 RESULTS SPEECH – QANTAS GROUP CEO ALAN JOYCE
Good morning. Can I start by acknowledging the traditional owners of the land we’re meeting on, and pay my respects to their elders – past, present and emerging. Today, the Qantas Group has announced an underlying loss before tax of $1.28 billion dollars, and a statutory loss before tax of $622 million. It’s our fourth […]
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QANTAS LOYALTY EXPANDS ITS FINANCIAL SERVICES WITH ‘BUSINESS MONEY’
Qantas Business Rewards is making it easier for Australian companies to do business overseas through a global payments platform that also allows them to earn Qantas Points. Qantas Business Money will be available in the second quarter of the year to more than 350,000 small and medium size businesses (SMEs) who are Qantas Business Rewards […]
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AUSTRALIA BACK ON THE TOURIST MAP AS INTERNATIONAL VISITORS RETURN
Qantas flights from eight overseas destinations are touching down in Australia today, bringing the first international tourists in almost two years and an eagerly anticipated boost for the country’s tourism industry. The Qantas Group will fly more than 14,000 passengers into Australia this week as quarantine and border barriers for international tourists come down. QF12 […]
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QANTAS WELCOMES DECISION ON PRICING PRINCIPLE IN PERTH AIRPORT COURT ACTION
The Qantas Group welcomes a decision by the Supreme Court of Western Australia that upholds the established formula for determining aeronautical pricing – but is concerned that an assumed return on investment of almost 10 per cent for Perth Airport could ultimately put significant upward pressure on fares. The judgment is the result of a […]
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