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  • QANTAS STRENGTHENS BALANCE SHEET WITH SALE OF SURPLUS MASCOT LAND

    Sale of land to generate gross proceeds of $802 million. Accelerates progress towards reaching net debt target range by end of FY22. Additional land sale and development proposals by LOGOS under consideration. The Qantas Group has entered into binding agreements with a consortium led by LOGOS Property Group for the sale of 13.8 hectares of […]

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  • QANTAS COMPLETES BOND REFINANCING IN OVERSUBSCRIBED OFFER

    The Qantas Group has completed a seven-year A$500m unsecured bond with a coupon of 3.15 per cent. The bond is being issued to refinance an A$300m bond maturing in May 2022. The bond was oversubscribed by a factor of six, with a book build of around A$1.9bn and highly competitive rates that led to the […]

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  • STATEMENT FROM QANTAS AND JAL ON ACCC DECISION ON PROPOSED JOINT BUSINESS

    Qantas and Japan Airlines (JAL) have expressed their disappointment at the Australian Competition and Consumer Commission’s (ACCC) decision to block the airlines’ plans to form a joint business that would have boosted the recovery of tourism when international borders reopen. The airlines had sought approval from the ACCC in December 2020 to work more closely […]

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  • QANTAS GROUP POSTS SIGNIFICANT LOSS FROM FULL YEAR OF COVID

    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, […]

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  • FY21 RESULTS SPEECH – QANTAS GROUP CEO ALAN JOYCE

    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 […]

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