Qantas Group reports record half yearly result in 1HFY2016, best calendar year result in 95yrs

Qantas Group revenue up 5% - financial highlights for six months ended 31-Dec-2015:

• Revenue: AUD8463 million (USD6120 million), +5.0% year-on-year;
• • Passenger: AUD7307 million (USD5284 million), +5.2%;
  • Freight: AUD458 million (USD331.2 million), -5.6%;
• Costs: AUD7432 million (USD5374 million), -1.7%;
• • Labour: AUD1913 million (USD1383 million), +4.0%;
  • Fuel: AUD1716 million (USD1241 million), -20.7%;
• Underlying EBIT: AUD1031 million (USD745.5 million), +106%;
• • Qantas domestic: AUD387 million (USD279.8 million), +70.5%;
  • Qantas international: 270 million (USD195.2 million), +358%;
  • Jetstar Group: AUD262 million (USD189.5 million), +224%;
  • Qantas Loyalty: AUD176 million (USD127.3 million), +10.0%;
  • Qantas Freight: AUD38 million (USD27.5 million), -29.6%;
• Net profit: AUD688 million (USD497.5 million), +234%;
• Passenger numbers: 26.2 million, +3.1%;
• • Qantas domestic: 11.2 million, stable;
  • Qantas international: 3.2 million, +8.7%;
  • Jetstar domestic: 7.0 million, +3.8%;
  • Jetstar international: 2.7 million, +6.3%;
  • Jetstar Asia: 2.1 million, +5.7%;
• Passenger load factor: 81.2%, +1.2 ppt;
• • Qantas domestic: 76.5%, +0.5 ppt;
  • Qantas international: 83.3%, +0.9 ppt;
  • Jetstar domestic: 84.8%, +1.5 ppt;
  • Jetstar international: 80.5%, +2.2 ppts;
  • Jetstar Asia: 80.2%, +1.9 ppt;
• Revenue per ASK: AUD 8.46 cents (USD 6.12 cents), +2.0%;
• Yield: AUD 10.42 cents (USD 7.53 cents), -2.1%;
• Cost per ASK excl fuel: AUD 4.93 cents (USD3.56 cents), +0.4%;
• Total assets: AUD17,506 million (USD12,659 million);
• Cash and cash equivalents: AUD2291 million (USD1657 million);
• Total liabilities: AUD14,214 million (USD10,278 million). [more - original PR]

*Based on the average conversion rate at AUD1 = USD0.7231

Qantas Group: "Underlying fuel costs in financial year 2016 are expected to be more than AUD3.4 billion, AUD3.3 billion at current forward Australian dollar prices. Group capacity is expected to increase by 5% in financial year 2016 compared with financial year 2015." Source: Company statement, 23-Feb-2016.