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  • QANTAS GROUP FY20 FINANCIAL RESULTS – NAVIGATING EXCEPTIONAL CONDITIONS

    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 […]

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  • FY20 RESULTS – CEO SPEECH

    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 […]

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  • QANTAS GROUP ANNOUNCES POST-COVID RECOVERY PLAN AND EQUITY RAISING FOR A STRONGER FUTURE

    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 […]

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  • CEO speech – Qantas Group Post-COVID recovery plan

    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 […]

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  • QANTAS GROUP UPDATE ON ADDITIONAL LIQUIDITY

    The Qantas Group has completed a new round of debt funding, securing $1.05 billion in additional liquidity to strengthen its position as it manages through the Coronavirus outbreak. This debt has been secured against part of the Group’s fleet of unencumbered aircraft[1], which were bought with cash in recent years. The loan has a tenure […]

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