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, […]

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 […]

Underlying Profit Before Tax: $124 million (down 91%) Statutory Loss Before Tax: $2.7 billion (majority of which is non-cash, including aircraft write downs) $4 billion revenue impact from COVID crisis in 2H20 Operating cash flow: $1.1 billion Liquidity of $4.5 billion providing considerable buffer to manage uncertainty Significant progress on initial steps of three-year recovery […]

Alan Joyce Sydney, 20 August 2020   Good morning. Let me start by saying this is clearly not a standard set of results for the Qantas Group. It’s been shaped by extraordinary events that have made for the worst trading conditions in our 100 year history. To put it simply, we’re an airline that can’t […]

Three year strategy to guide recovery and return to growth in changed market. Costs reduced by $15 billion during three year period of lower activity; $1 billion in ongoing cost savings per annum from FY23. Around 100 aircraft to be grounded for up to 12 months; some for longer. Job losses and extended stand downs […]