FY22 Full Year results

Results Summary

  • Underlying Loss Before Tax: $(1.86) billion
  • Statutory Loss Before Tax: $(1.19) billion
  • Underlying EBITDA: $281 million following a $526 million EBITDA performance in 2H
  • Positive statutory operating cash flow: $2.67 billion
  • Recovery plan on track for completion, with $1 billion in savings in FY23
  • Net debt declined to $3.94 billion, below target range
  • Investment of more than $400 million in customer loyalty and experience; new lounges and new routes
  • On-market share buy-back of up to $400 million announced
  • Significant improvement in operational performance; key measures expected to be largely back to pre-COVID standards in September this year
  • Significant improvement in Staff Travel benefits for employees

FY22 Group Market update – June 2022

FY22 Half Year results

Results Summary

  • Underlying EBITDA loss: $(245) million
  • Underlying Loss Before Tax: $(1.28) billion
  • Statutory Loss Before Tax: $(622) million
  • Positive net free cash flow: $552 million, supported by Mascot land sale and strong Qantas Loyalty and Freight cash contribution
  • Net debt declined to $5.5 billion; within target range
  • Total liquidity of $4.3 billion
  • Recovery program achieved $840 million cost benefits to date, tracking ahead of schedule
  • Recovery and retention plan for employees, including 1,000 share rights for approximately 20,000 employees

FY22 December Market Trading update

Replay: December Market Update Investor Call

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