Some light ahead for QAN

The biggest statutory loss in its company history of $2.84 billion is not hard to quantify, as
Qantas sees a $428 million redundancy charge and a $394 million write-off on fleet

Source: Bloomberg

Key findings

- Qantas International to become new holding to increase foreign ownership
- Cost-cutting program to continue, harder cuts to come – restructure still in play
- Outlook is for stabilisation in market conditions

Its underlying figures are grim on a year-on-year read, with a pre-tax loss of 646 million as the airline wars are laid on the table which show much Qantas has suffered at the hands of Virgin. However, on a consensus basis, the read is well ahead.


Net loss



A$763 million
A$15.32 billion


A$646 million
A$15.35 billion

The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.

Find articles by analysts