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
retirements.

QANTAS
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.

QAN

Net loss

Sales

Expected

A$763 million
A$15.32 billion

Actual

A$646 million
A$15.35 billion

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