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 […]

The Qantas Group is pleased to announce the successful completion of an approximately $1,360 million fully underwritten placement (Placement) of approximately 372.7 million new shares (Placement Shares) to institutional investors at a price of $3.65 per Placement Share (the Placement Price). The Qantas Group received high levels of interest from both existing institutional shareholders and […]

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 […]

Qantas Group CEO, Alan Joyce: Good morning. Today we’re making some very significant – and in some cases, very difficult – announcements about the future of the Qantas Group. And they are focused on exactly that – making sure the national carrier has a strong future. Aviation is used to sudden shocks. Qantas has dealt […]