Qantas announces record revenue, profit fall

Image Source: Qantas website

Qantas has released it’s full year financial results. While the airline announced record revenue, it’s profit has dropped 17%, mostly due to increased fuel prices ($600 million increase), the lower Australian dollar ($150 million), and employee leave provisions ($92 million). Loyalty has become the airline’s second biggest earner after domestic travel.

Qantas also announced a final dividend of 13c and a plan to buy back up to 79.7 million shares off-market. A $1250 travel bonus was also awarded to all 25 000 non-executive employees.

  • Underlying Profit Before Tax: $1.30 billion (down 17%)
  • Statutory Profit Before Tax: $1.27 billion (down 6%)
  • Statutory Earnings Per Share: 54.6c (flat on last year)
  • Return On Invested Capital: 18.4%
  • Net free cash flow: $1,244 million

 

The full Qantas press release can be found here

Qantas CEO comments can be found here
N.B. All amounts are in Australian dollars

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