The Qantas Group has achieved an Underlying Profit Before Tax of $1.30 billion and a Statutory Profit Before tax of $1.27 billion for the Financial Year 2019.
While the Underlying result was 17 per cent lower compared with the Group’s record profit in FY18, it was impacted by an $614 million increase in fuel costs from higher oil prices and a further $154 million of the foreign exchange impacts on non-fuel net expenditure.
- Underlying Profit Before Tax: $1.30 billion (down 17%)
- Statutory Profit Before Tax: $1.27 billion (down 6%)
- Record revenue for the Group
- Statutory Earnings Per Share: 54.6c (flat on last year)
- Return On Invested Capital: 18.4%
- Net free cash flow: $1,244 million
- Shareholder return of 13 cents per share fully franked dividend, plus an off-market buyback of up to 79.7 million shares
- $1,250 staff travel bonus for 25,000 non-executive employees, worth $32 million
- Direct New York and London to Sydney research flights for Project Sunrise announced
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