The Qantas Group has reported an Underlying Profit Before Tax of $1.6 billion for the 2018 financial year – a record for the national carrier.
All parts of the business contributed to the result, helped by healthy levels of demand across key markets, higher revenue and a particularly strong performance in the domestic flying businesses of Qantas and Jetstar.
- Underlying profit before tax: $1.6 billion (up 14%)
- Statutory profit before tax: $1.4 billion (up 18%)
- Statutory earnings per share: 56c (up 21%)
- Return on invested capital: 22%
- Net free cash flow: $1,442 million (up 10%)
- Shareholder return of up to $500 million: 10 cents per share ordinary franked dividend, plus an on-market buyback of up to $332 million
- Bonus for 27,000 non-executive employees, worth a total of $67 million
- Extension of global lounge improvement program –– six additional ports to be upgraded
- Commitment to create a second pilot academy facility in regional Australia.
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