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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