Virgin Australia Holdings FY13 full year results 30 August 2013

Size: px
Start display at page:

Download "Virgin Australia Holdings FY13 full year results 30 August 2013"

Transcription

1 Virgin Australia Holdings FY13 full year results 30 August 2013

2 Year in review Fast tracked major restructuring and transformation program Difficult economic and competitive environment, significant one-off pre-tax restructuring and transformation costs, and carbon tax Strong cost discipline maintained despite major enhancements Implemented Sabre reservation system, driving transition to global ticketed environment and single airline designator moved away from the low cost carrier operating model Completed strategic acquisitions of 100% of Skywest and 60% of Tigerair Australia 1 Entry of Singapore Airlines as substantial shareholder, and increased shareholdings by Air New Zealand and Etihad Airways Delivered on key targets of the next phase of the Game Change Program Note: 1 Completed on 8 July

3 Fast-tracked major restructuring and transformation program established a new market structure Virgin Australia now has an established presence across all market segments and estimated lowest cost base Velocity now well positioned as a true alternative generating value for Virgin Australia and Velocity members Strong shareholder base with investments from major global airlines Virgin Australia is well positioned across key market segments for sustainable growth Source: Analyst reports (July 2013), company reports, and internal estimates 3

4 Financial highlights Statutory loss after tax of $98.1m in line with guidance of a loss of $95 to $110 million Pre-tax loss (excluding one-off transformation costs and Skywest 1 loss) of $35.2 million in line with guidance of a loss of $30 to $50 million Total revenue and income over $4.0 billion for the first time, up from $3.9 billion in FY12 Outperformed main competitor on Group yield growth Strong underlying cost performance underlying CASK 2 (excluding fuel) approximately equal to FY12, inclusive of major product and service enhancements Positive operating cash flows 3 of $184.2m Total cash position of $580.5m, with unrestricted cash of $326.5m Note: 1 Refers to Skywest Airlines Pte Ltd (formerly known as Skywest Airlines Ltd); 2 Underlying cost per available seat kilometre (CASK) (excluding fuel) is a non-statutory measure and is defined on page 30; 3 Operating cash flows excludes net finance costs and business transformation expenses 4

5 Group profit or loss summary 12 months ended 30 June 2013 $m 2012 $m Statutory (loss) / profit after tax (98.1) 22.8 Income tax (benefit) / expense (51.6) 4.4 Statutory (loss) / profit before tax (149.7) 27.2 Business transformation and other expenses Pre-tax trading loss of Skywest Pre-tax loss excluding one-off items and Skywest loss (35.2) Hedging ineffectiveness 2 (37.6) 28.3 Underlying (loss) / profit before tax 3 (making no adjustment for ~$25m of waived ancillary fees or other earned revenue impacts from the Sabre migration) (72.8) 82.5 Note: 1 Skywest generated pre-tax loss of $10.2m and has been adjusted for $0.8m of business transformation expenses; 2 Hedging ineffectiveness treatment is defined on page 30; 3 Underlying (loss)/profit before tax (PBT) is a non-statutory measure used by Management and VAH s board as a primary measure to assess financial performance of VAH and individual segments and is defined on page 30 5

6 Domestic underlying EBIT summary 12 months ended 30 June 2013 $m 2012 $m Segment revenue 3, ,947.9 Underlying Domestic EBIT 1 (44.4) 93.2 ASKs (m) 25, ,343.7 Unadjusted for significant revenue loss related to Sabre migration Includes allocated corporate overheads and Skywest EBIT loss Note: 1 Earnings Before Interest and Tax (EBIT) is a non-statutory measure used by Management and VAH s board as a primary measure to assess financial performance of VAH and individual segments per note 5 of the Virgin Australia Holdings preliminary final report for the year ended 30 June

7 International underlying EBIT summary 12 months ended 30 June 2013 $m 2012 $m Segment revenue 1, ,053.4 Underlying International EBIT ASKs (m) 15, ,415.8 Unadjusted for significant revenue loss related to Sabre migration Includes allocated corporate overheads Note: 1 Earnings Before Interest and Tax (EBIT) is a non-statutory measure used by Management and VAH s board as a primary measure to assess financial performance of VAH and individual segments per note 5 of the Virgin Australia Holdings preliminary final report for the year ended 30 June

8 Cashflow summary 12 months ended 30 June 2013 $m Operating (excluding business transformation expenses and net finance costs) 2012 $m Business transformation expenses (81.5) (5.4) Net finance costs (42.1) (38.1) Investing 1 (496.0) (242.8) Financing (13.5) Net cash (outflow) / inflow (239.0) 78.8 Balance at start of period Exchange rate changes 16.9 (7.5) Balance at end of period Note: 1 Includes cash consideration for acquisition of Skywest of $42.2m in FY13 8

9 Balance sheet summary As at 30 June 2013 $m 30 June 2012 $m Cash and cash equivalents Property, plant and equipment 3, ,769.0 Other assets Total Assets 4, ,995.2 Interest bearing liabilities 1, ,674.1 Unearned revenue Other liabilities Total Liabilities 3, ,065.5 Unrestricted Cash

10 Mainline average fleet age 4.2 years at 30-Jun-13 Virgin Australia Jun 2012 Jun 2013 Deliveries Retirements / lease return Jun 2016 E B (3) 0 B (12) 79 A B ER ATR Mainline average fleet age Charter operations and other services A F F Total fleet Note: Figures up to 30 June 2013 firm deliveries only and excludes additional options and purchase rights 10

11 Hedging policy AUD designated hedging policy since 2011 provides a large degree of short term certainty and longer term participation and protection Fuel cost increases of 3.3% 1 on ASK growth of 5.0% 2 Non-fuel currency 78% hedged for FY14 at an average rate of AUD:USD Hedging summary Brent Remainder of FY14 3 Operating requirements hedged 75% Participation in favourable price movements 74% Worst case hedged rate (inclusive of option premium) AUD 107/bbl Note: 1 Excludes the impact of carbon tax with average AUD Jet Fuel spot price decreases between FY12 and FY13 of 0.9%; 2 Capacity growth includes Virgin Australia Regional Airlines (previously known as Skywest) for May and June FY13 figures; 3 Figures as at 21 August 2013 Source: Bloomberg 11

12 FY13 key milestones Boeing 737 MAX order Skytrax Best Airline in Australia Pacific Region Virgin America codeshare launch S Wonderful marketing campaign launch Pilot Cadet program launch Announced Singapore Airlines and Virgin Australia codeshare expansion Completed share placement to Singapore Airlines New Sabre system, and reduced schedules and capped flights ACCC 3 clearance of Skywest acquisition Skywest shareholders approval for acquisition FIRB 4 clearance for Skywest acquisition New Canberra terminal open Randstad, Most attractive airline employer Virgin Australia Regional Airline launch FIRB 4 clearance for Tiger Australia transaction Completed 60% acquisition of Tiger Australia Draft ACCC 3 approval of Air NZ alliance reauthorisation Etihad Airways increases shareholding Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Coast2Coast, Trans Continental Perth launch Etihad Airways increases shareholding to ~10% Announced acquisition of Skywest and 60% stake in Tiger Australia, and Singapore Airlines investment CSIA 1 Australian Service Excellence Awards SIC 2 approval for acquisition of Skywest New Sydney domestic terminal pier expansion $12m Tourism Australia partnership Tiger Airways shareholders approval for transaction Roy Morgan, Domestic airline of the year Skywest acquisition complete ACCC 3 clearance of Tiger Australia transaction Share issue to Singapore Airlines Freddie Awards, Best Airline Availability Note: 1 Customer Service Institute of Australia; 2 Securities Industry Council; 3 Australian Competition and Consumer Commission; 4 Foreign Investment Review Board Air New Zealand increase shareholding Velocity Global Wallet launch Skytrax, Best Airline Staff Service in Australia Pacific Region 12

13 Virgin Australia is now a competitor in all segments Virgin Blue Virgin Australia International Domestic Corporate Domestic Leisure Regional and charter Budget Loyalty FY11 relaunch FY12 relaunch FY13 transaction FY14 transaction Repositioned from a low cost carrier and reshaped the Australian aviation market 13

14 Strong shareholder support 23.0% % 12.5% 10.5% 2 100% 100% 60% Note: Shareholding percentages correct as at 31 July 2013; 1 Air New Zealand has entered into an agreement to take its interest to 22.99% (current stake 19.99%) and has publically stated its intention to acquire a further 3.00%. Both acquisitions (6.00% in total) are pending review with Foreign Investment Review Board (FIRB) and Australian Competition and Consumer Commission (ACCC); 2 Etihad has approval from FIRB to acquire up to 19.99% 14

15 Strategic fundamentals underpin future Virgin Australia business growth Effective competitor in all segments Penetrating high yield corporate & government, regional and charter markets Tigerair Australia positioned in the budget market Global network of over 450 destinations through virtual international network, with expanding partnerships Sustainable business model Customer service excellence driven by staff Superior brand and product positioning Capital light expansion model with young, efficient fleet Estimated lowest cost base Continued improvement & growth initiatives Business improvement projects to drive efficiency Building a transformational loyalty business, providing a true loyalty program alternative in the market Growing penetration into global markets with improved global distribution and reach Strong shareholder base Continued support from Virgin Group shareholding International shareholder support from major global airlines Strong long term strategic alliance partnerships Source: Analyst reports (July 2013), company reports, and internal estimates 15

16 Achieved network optimisation Increased frequency on short haul, corporate routes Triangle frequency share 1 increased to 47% in FY13 from 44% in FY10 Introduced widebody on Trans Continental services Capacity share 1 increased to 36% in FY13 from 27% in FY10 H1 FY14 domestic capacity target range of % (excluding Tigerair Australia) Domestic market capacity share 3 (Jul 10-Jul 13e) Percent 70% 60% 50% 40% 30% 20% 10% 60% 27% 13% 62% 34% 4% 0% Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13e Virgin Australia Group 4 Qantas Group 5 Other 6 Note: 1 Virgin Australia head to head comparison against Qantas, excluding Jetstar; 2 H1 FY14 growth target takes into account Virgin Australia Regional Airlines for the full prior comparable period, and excludes Tigerair Australia; 3 Based on BITRE market data and company operating statistics, excludes charter operations; 4 Includes Virgin Australia Regional Airline from May 2013 and Tigerair Australia from July 2013; 5 Includes Qantas, QantasLink and Jetstar domestic; 6 Includes Skywest until April 2013 and Tigerair Australia until June 2013 Source: Bureau of Infrastructure, Transport and Regional Economics (BITRE); Diio Mi; company reports 16

17 Strong yield performance good indicators leading into FY14 In FY13 outperformed main competitor on Group yield growth Positive monthly yield growth in Q4 FY13 continuing in July 2013, with improving load factor trends from June 2013 Positive monthly RASK 1 growth in June 2013, continuing in July 2013 Yield growth underpinned by increasing late booking profile Domestic bookings within 3 weeks of travel +15% on pcp 2, with yield premium doubling to ~20% over all bookings Virgin Australia domestic statistics (Jul 12-Jul 13) Load factor percent 90% 80% 70% 60% 50% 40% Jul-12 Aug-12 Sabre transition and customer experience protection initiatives Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Yield 3 growth Revenue load factor 4 Loads recovering in June & July 2013 Note: 1 Revenue per available seat kilometre; 2 4 trading weeks of July 2013 compared to July 2012; 3 Yield figures exclude additional revenue from revenue passenger transport (RPT) services acquired from Skywest; 4 Revenue load factor means revenue passenger kilometres (RPKs) as a percentage of available seat kilometres (ASKs), as per monthly operating statistics 17

18 Virgin Australia traction in the domestic corporate market Domestic airline business traveller satisfaction 1 (Jul 12-Jul 13) Percent very or fairly satisfied Domestic airline consideration next business trip 2 (Dec 09-Jun 13) Percent would consider Virgin Australia Jul-12 Jun-13 Jul Qantas Gap pts Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun pts Virgin Australia Qantas Note: 1 3 month moving average; 2 Monthly data; Base for both graphs: Australians 14+ who have used listed airlines for domestic travel in the last 12 months Source: Roy Morgan 18

19 Virgin Australia branded operations versus Qantas branded operations on-time performance On-time performance impacted during Sabre transition but recovering Domestic on-time performance 3 departures (FY13) Percent 85 Performance impacted by implementation of Sabre in Q3 FY13 noticeable recovery in Q4 FY Q1 FY13 Q2 FY13 Q3 FY13 Q4 FY13 Virgin Australia brand 1 Qantas brand 2 Note: 1 Includes Virgin Australia branded operations, both mainline and regional, excludes Tigerair Australia; 2 Includes Qantas and QantasLink operations, excludes Jetstar; 3 On-time performance (OTP) in accordance with BITRE definitions, flight departure is counted as on time if it departs the gate within 15 minutes of the scheduled departure time shown in the carriers schedule Source: Bureau of Infrastructure, Transport and Regional Economics (BITRE) 19

20 Established a superior position in customer experience and service excellence Launched wireless inflight entertainment, now available on 30 aircraft Continued lounge upgrades in Sydney, Melbourne and Brisbane Lounge network expansion for Darwin, Cairns and new Perth facilities in 2014 Opened new terminal and lounge facilities in Canberra New domestic Perth terminal in 2014 Roy Morgan Customer Satisfaction Awards Domestic Airline of the Year Skytrax World Airline Awards Best Airline Staff Service, Australia Pacific region 3 rd consecutive year Randstad Awards Most attractive airline employer CSIA 1 Australian Service Excellence Awards National Division of a Large Business National Customer Service Team of the Year Freddie awards (travel loyalty) Best Airline Availability Awards in FY13 Best Elite Program - Asia Pacific Best Airline Loyalty Program - Asia Pacific Note: 1 Customer Service Institute of Australia 20

21 Continuing strong cost disciplines Business efficiency program on track over $60m 1 of productivity gains in FY13 Focus remains on having an efficient business, key focus areas for FY14: Group fleet and network optimisation Workforce productivity and effectiveness IT architecture, systems and processes Group procurement leveraging scale Strong cost performance, underlying CASK 2 (excl. fuel) approximately equal to FY12 Business efficiency project run rate targets (FY13-FY15) Millions of dollars Target achieved FY13 FY14 FY15 Note: 1 Figure has not been audited or reviewed by KPMG; 2 Underlying cost per available seat kilometre (CASK) (excluding fuel) is a nonstatutory measure and is defined on page 30 21

22 Velocity Frequent Flyer is a key value driver Membership +0.5m to ~3.7m members on track for target of 5m members by end of FY15 Continued strong growth on key performance metrics Launched new initiatives : Dual-sided membership and pre-paid Visa travelcard, the Global Wallet first to market New American Express Escape card Velocity Facebook page and pet frequent flyer program Awarded for Best seat availability in the Region Continuing to strengthen and mature the business to optimise for ongoing future growth Velocity key metrics performance Performance metric FY13 (growth %) Members +17% Billings ($) +18% Points earned airline partners +56% Points redeemed +39% Continued expansion of value proposition and contribution to Group results 22

23 Regional Significant progress on regional integration Commenced roll out of Virgin Australia branding across the airline's operations (aircraft and airports), and aligned systems and airline designator codes Advanced with integrating the networks of the two airlines Expanding network with entry into monopoly routes Launched Bundaberg-Brisbane ATR services (previously a monopoly route) Launched Moranbah-Brisbane ATR services (previously a monopoly route) Launching Cairns-Weipa ATR services in 2014 (currently a regulated, monopoly route) Focusing on extracting cost synergies within broader group Positioned in regional and charter to capitalise on growth opportunities 23

24 Continuous improvement in Tigerair Australia will underpin turnaround Rebranded to Tigerair Recent positive trends: Strong load factors, 88% in Jun 13 and 92% in Jul 13 Forward loads building, +6ppt on pcp 1 Significant customer satisfaction improvement Further improvements will focus on: Scale in fleet and economies of scale Improving operational and service standards Pursuing synergies leveraging both shareholders scale and experience Domestic airline satisfaction 2 (FY13) Percent very or fairly satisfied Jan-13 Feb-13 Mar-13 Tigerair Apr-13 May-13 Jetstar Jun-13 Jul-13 Note: 1 Prior comparable period as at 30 June 2013; 2 3 month moving average, Australians 14+ who have used listed airlines for domestic travel in the last 12 months Source: Roy Morgan 24

25 On track for delivery on a consistent strategy Game On phase % completed Implement business efficiency project Build a transformational loyalty business Increase access to global markets Further enhance guest experience through innovation inflight and on-the-ground Continue to develop our people and service excellence our key differentiator FY13 FY14 FY15 25

26 Completed year 3 of 5 year plan Sustainability Lead & leverage Growth Plan & implement Formulate Game Change strategic plan and commence implementation Reposition Conclude roll out of Game Change strategic plan and begin benefits realisation from H2 FY12 Build upon strategic repositioning on a strengthened domestic market position and commence Game On phase Drive future earnings growth through Game On phase Positioned to continue sustainable and resilient earnings growth FY11 FY12 FY13 FY14 FY15 Game Change Game On 26

27 Virgin Australia Group: a diversified business with strong shareholders in a new aviation market Strategic transformation work completed full integration and synergy benefits to follow An effective and sustainable competitor in all market segments A strong customer proposition with a reputation for excellent service driven by staff Yield growth driven by penetration in corporate markets and global distribution systems Strong cost disciplines and committed to maintaining the lowest cost base position Velocity presents a significant opportunity for value creation Source: Analyst reports (July 2013), company reports, and internal estimates 27

28 Outlook Given the uncertain economic environment we are unable to provide guidance for the 2014 Financial Year at this time. 28

29

30 Disclaimer, definitions and ASIC guidance Disclaimer The following non-ifrs information has not been audited or reviewed by KPMG: underlying (loss)/profit before tax, underlying EBIT, underlying domestic EBIT, underlying international EBIT, and underlying CASK. This presentation has not been audited or reviewed by KPMG; however, IFRS data has been derived from the unaudited annual consolidated financial statements that are in the process of being audited by KPMG. Definitions Underlying PBT: Underlying (loss)/profit before tax (PBT) is a non-statutory measure used by Management and VAH s board as a primary measure to assess financial performance of VAH and individual segments. From financial year 2013 VAH included all time value movement in hedges in underlying profit leaving hedge ineffectiveness to be excluded from underlying profit. This approach is consistent with the approach applied in the first half of the financial year 2013, but represents a change from the financial year In the financial year 2012, unrealised time value movement of $24.2 million was included in underlying profit. While it is not appropriate to change comparative information, should this approach to program management have been applicable in the financial year 2012, then the underlying profit would reduce by $24.2 million. EBIT: Earnings before interest and tax (EBIT) is a non-statutory measure per note 5 of the Virgin Australia Holdings preliminary final report for the year ended 30 June It is used by Management and VAH s board as a primary measure to assess financial performance of VAH and individual segments. From the financial year 2013, VAH has included the time value movement on cash flow hedges in EBIT (see Hedging ineffectiveness definition). Underlying CASK: Underlying cost per available seat kilometre (CASK) is a non-statutory measure which comprises total revenue less underlying (loss)/profit before tax (excluding Skywest) and the following: fuel and revenue relating to non-ticket or nil margin activities $47.5 million (2012: $47.4 million, this revenue is not included in the definition of yield). In 2012 additional amounts relating to hedging ineffectiveness of $10.1 million, net loss on disposal / write down of property, plant and equipment of $18.7 million were excluded. Hedging ineffectiveness: The ineffective cash flow hedges and non-designated derivatives in the statutory consolidated statement of profit or loss include gains and losses from both time value movements on options and ineffectiveness on hedges. Ineffectiveness on hedges relates to movements in the value of hedges that do not qualify to be deferred in the hedge reserve under the current accounting standards and are required to be recognised in the profit and loss, while time value movements on options represents the gain or loss on the option premiums that is attributable to the amount of time remaining until the expiration of the option as well as being dependent on market volatility. In the financial year 2013, a $11.5 million gain was attributed to the time value movement on options and was included in the underlying loss before tax. A further gain of $37.6 million, related to the ineffectiveness on hedges, was excluded from the underlying loss before tax. This approach of including the time value movement on options was only applied on a go-forward basis for the first time in the first half of the financial year 2013, and not in the financial year 2012, due to the partially matured hedging program announced to shareholders in August In the financial year 2012, the unrealised time value movements on options amounted to a loss of $24.2 million, while the ineffectiveness on hedges was a loss of $4.1 million both of which were excluded from the underlying profit before tax in that period. While it is not appropriate to change comparative information, should this approach to program management have been applicable in the financial year 2012, then the underlying profit would reduce by $24.2 million. This approach reflects Virgin Australia s view that with the maturing of the structured hedging program (with 18 month forward positions), costs and gains associated with the time value movements on options are now part of the overall hedging program and as such will be included in underlying (loss)/profit before tax going forward. ASIC guidance In December 2011 ASIC issued Regulatory Guide 230. In order to comply with this Guide, Virgin Australia is required to make a clear statement about whether information disclosed in documents other than the preliminary financial report has been audited or reviewed in accordance with Australian Auditing Standards. The following non-ifrs information has not been audited or reviewed by KPMG: underlying (loss)/profit before tax, underlying domestic EBIT, underlying international EBIT and underlying CASK. This presentation has not been audited or reviewed by KPMG; however, IFRS data has been derived from the unaudited annual consolidated financial statements that are in the process of being audited by KPMG. 30

2014 Half Year Results Virgin Australia Holdings Limited 28 February 2014

2014 Half Year Results Virgin Australia Holdings Limited 28 February 2014 2014 Half Year Results Virgin Australia Holdings Limited 28 February 2014 Half year in review Australian aviation market continues to face challenging conditions, ongoing subdued consumer sentiment and

More information

Virgin Australia Holdings Limited (ASX: VAH) H1 FY18 Results 1

Virgin Australia Holdings Limited (ASX: VAH) H1 FY18 Results 1 Virgin Australia Holdings Limited (ASX: VAH) H1 FY18 Results 1 Summary of H1 FY18 Group Outcomes 2 Group Underlying Profit Before Tax of $102.5 million up 142.3% Group Statutory Profit After Tax of $4.4

More information

For personal use only

For personal use only Virgin Australia Holdings Limited (ASX: VAH) reports Financial Results for Full Year Ended 30 June 2015 Strong improvement in Group performance, points to profitability in FY16 Virgin Australia Group Financial

More information

2007/08 Full Year Results Investor Briefing

2007/08 Full Year Results Investor Briefing 2007/08 Full Year Results Investor Briefing Highlights of Result Profit before tax up 46% to $1,408 million Up 36% on the reported result Margin improvement $3 billion of Sustainable Future Benefits achieved

More information

Net Debt, $m 1, ,733.7

Net Debt, $m 1, ,733.7 Virgin Australia Holdings Limited (ASX: VAH) FY17 Results: Stronger Cash and Balance Sheet, Statutory and Underlying Loss, Outlook Improving 1 Summary of FY17 Financial Outcomes Group Underlying Loss Before

More information

Overview. > Normalised earnings* before taxation of, up 30% > Statutory earnings before taxation of, up 40% > Statutory net profit after taxation of

Overview. > Normalised earnings* before taxation of, up 30% > Statutory earnings before taxation of, up 40% > Statutory net profit after taxation of 1 Overview > Normalised earnings* before taxation of, up 30% > Statutory earnings before taxation of, up 40% > Statutory net profit after taxation of > Operating revenue of > Strong operating cash flow

More information

QANTAS HALF YEAR 2015 FINANCIAL RESULTS 1

QANTAS HALF YEAR 2015 FINANCIAL RESULTS 1 QANTAS HALF YEAR 2015 FINANCIAL RESULTS 1 Key points: Underlying Profit Before Tax: $367 million Statutory Profit After Tax: $206 million Transformation benefits: $374 million Comparable unit cost reduction:

More information

QANTAS ANNOUNCES PROFIT RESULT HALF-YEAR ENDED 31 DECEMBER 2009

QANTAS ANNOUNCES PROFIT RESULT HALF-YEAR ENDED 31 DECEMBER 2009 QANTAS ANNOUNCES PROFIT RESULT HALF-YEAR ENDED 31 DECEMBER 2009 HIGHLIGHTS TWO BRAND STRATEGY DELIVERS RESILIENCE AND CONTAINS COSTS Statutory Net Profit Before Tax of $90 million Underlying Profit Before

More information

QANTAS DELIVERS STRONG FIRST HALF RESULT DESPITE HIGHER FUEL BILL

QANTAS DELIVERS STRONG FIRST HALF RESULT DESPITE HIGHER FUEL BILL ASX and Media Release Sydney, 21 February 2019 QANTAS DELIVERS STRONG FIRST HALF RESULT DESPITE HIGHER FUEL BILL Underlying Profit Before Tax: $780 million (down $179 million) Statutory Profit Before Tax:

More information

2004/05 Full Year Results Presentation to Investors

2004/05 Full Year Results Presentation to Investors Geoff Dixon Chief Executive Officer 2004/05 Full Year Results Presentation to Investors 18 August 2005 Group Highlights 12 months to June 2005 12 months to June 2004 Increase/ (decrease) % Sales and operating

More information

Building Long Term Shareholder Value

Building Long Term Shareholder Value Building Long Term Shareholder Value Gareth Evans, CFO Macquarie Conference 6 May 2011 Sustainable Returns to Shareholders Leverage dual brands to build on competitive advantage International business

More information

Media Release. Qantas Group Full Year 2017 Financial Result 1. Sydney, 25 August 2017

Media Release. Qantas Group Full Year 2017 Financial Result 1. Sydney, 25 August 2017 Media Release Qantas Group Full Year 2017 Financial Result 1 Sydney, 25 August 2017 Underlying Profit Before Tax: $1,401 million (second highest in Qantas history) Statutory Profit Before Tax: $1,181 million

More information

AIR NEW ZEALAND ANNUAL RESULTS ANNUAL RESULTS

AIR NEW ZEALAND ANNUAL RESULTS ANNUAL RESULTS AIR NEW ZEALAND ANNUAL RESULTS 2008 1 HIGHLIGHTS Record operating revenue, up 9% Normalised earnings* $197m Net cash position of $1.3bn Launched direct service to Vancouver and Beijing Award winning product

More information

Qantas Group - Positioned for Growth and Sustainable Returns

Qantas Group - Positioned for Growth and Sustainable Returns Qantas Group - Positioned for Growth and Sustainable Returns Tino La Spina, Qantas Group Chief Financial Officer Macquarie Australia Conference 3 May 2018 Third Quarter 1 FY18 Trading Update Q3 trading

More information

QANTAS ANNOUNCES PROFIT RESULT YEAR ENDED 30 JUNE 2009

QANTAS ANNOUNCES PROFIT RESULT YEAR ENDED 30 JUNE 2009 QANTAS ANNOUNCES PROFIT RESULT YEAR ENDED 30 JUNE 2009 HIGHLIGHTS Profit before tax of $181 million, in a year when the International Air Transport Association forecast US$9 billion in losses for global

More information

For personal use only

For personal use only QANTAS GROUP MARKET UPDATE SYDNEY, 5 December 2013: The Qantas Group today announced a market update, accelerated cost reductions and a capital expenditure and structural review, in response to fundamentally

More information

The Qantas Group A Strong, Sustainable Future Alan Joyce, CEO Qantas Airways. Macquarie Australia Conference 4 May 2012

The Qantas Group A Strong, Sustainable Future Alan Joyce, CEO Qantas Airways. Macquarie Australia Conference 4 May 2012 The Qantas Group A Strong, Sustainable Future Alan Joyce, CEO Qantas Airways Macquarie Australia Conference 4 May 2012 Overview Fleet renewal now substantially complete FY13 capital expenditure reduced

More information

Results for the Year Ended 30 th June Brett Godfrey Chief Executive Officer 21 August 2007

Results for the Year Ended 30 th June Brett Godfrey Chief Executive Officer 21 August 2007 Results for the Year Ended 30 th June 2007 Brett Godfrey Chief Eecutive Officer 21 August 2007 New World Strategy Delivering RASK up 13.0% 10.02 CASK (underlying) up 2.6% 8.24 Net Profit up 92.9% $216M

More information

For personal use only

For personal use only ASX and Media Release QANTAS DELIVERS RECORD FIRST HALF PROFIT, INVESTS IN AIRCRAFT AND TRAINING Sydney, 22 February 2018 Underlying Profit Before Tax: $976 million (up 15%) Record results for Qantas Domestic,

More information

Analysts and Investors conference call. Q results. 15 May 2013

Analysts and Investors conference call. Q results. 15 May 2013 Analysts and Investors conference call Q1 2013 results 15 May 2013 Management summary Key messages of Q1 2013 +6% +9% +3.3%p. Q1 2013 operational KPIs are in line with 109.7 116.2 6.5 7.1 82.3 85.6 expectations,

More information

Annual Results Air New Zealand

Annual Results Air New Zealand Annual Results 2011 Air New Zealand Highlights Normalised earnings* $75m Net cash position of $860m Operating cash flow down 5% Gearingat467% at 46.7% Final dividend 2.5 cents per share (unimputed) New

More information

QANTAS RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2005 HIGHLIGHTS

QANTAS RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2005 HIGHLIGHTS Media Release QANTAS RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2005 HIGHLIGHTS Profit before tax of $483.5 million Net profit after tax of $352.6 million Revenue of $6.8 billion Interim dividend of 11

More information

Recovery on track, continued strengthening in most segments. Record Jetstar and Frequent Flyer earnings highlight value of portfolio

Recovery on track, continued strengthening in most segments. Record Jetstar and Frequent Flyer earnings highlight value of portfolio Qantas Full Year 2010 Results Presentation Overview Underlying PBT 1 more than tripled to $377m in line with guidance Delivering against strategic priorities Recovery on track, continued strengthening

More information

QANTAS 2012/13 FULL YEAR FINANCIAL RESULTS

QANTAS 2012/13 FULL YEAR FINANCIAL RESULTS QANTAS 2012/13 FULL YEAR FINANCIAL RESULTS Highlights: Underlying Profit Before Tax 1 : $192 million Statutory Profit After Tax: $6 million Strategic Qantas Transformation Benefits: $171 million Comparable

More information

Record Result. 2006/07 Full Year Results Investor Presentation. Moved on successfully following bid. Profit before tax % to $1,032 million

Record Result. 2006/07 Full Year Results Investor Presentation. Moved on successfully following bid. Profit before tax % to $1,032 million 2006/07 Full Year Results Investor Presentation August 16 2007 Record Result Moved on successfully following bid Profit before tax + 53.8% to $1,032 million Group returning above Cost of Capital 2 Key

More information

Qantas Airways Limited Alan Joyce, CEO Qantas Airways. Macquarie Australia Conference 3 May 2013

Qantas Airways Limited Alan Joyce, CEO Qantas Airways. Macquarie Australia Conference 3 May 2013 Qantas Airways Limited Alan Joyce, CEO Qantas Airways Macquarie Australia Conference 3 May 2013 Qantas Group: April 2013 2 Delivering on the Group s Strategic Priorities Turning around Qantas International

More information

Supplementary Slides. Group Performance

Supplementary Slides. Group Performance Supplementary Slides 25 Group Performance 26 Group Highlights $M FY09 VLY Net passenger revenue 10,938 11,604 (666) Net freight revenue 821 764 57 Other 2,013 2,014 (1) Revenue 13,772 14,382 (610) Operating

More information

STATISTICAL REPORT. Aviation

STATISTICAL REPORT. Aviation STATISTICAL REPORT Aviation Domestic airline on time performance April 2017 Commonwealth of Australia 2017 ISSN: 1832-0759 Ownership of intellectual property rights in this publication Unless otherwise

More information

STATISTICAL REPORT. Aviation

STATISTICAL REPORT. Aviation STATISTICAL REPORT Aviation Domestic airline on time performance August 2016 Commonwealth of Australia 2016 ISSN: 1832-0759 Ownership of intellectual property rights in this publication Unless otherwise

More information

STATISTICAL REPORT. Aviation

STATISTICAL REPORT. Aviation STATISTICAL REPORT Aviation Domestic airline on time performance March 2017 Commonwealth of Australia 2017 ISSN: 1832-0759 Ownership of intellectual property rights in this publication Unless otherwise

More information

Air Berlin PLC AGM 06 June 2013 London

Air Berlin PLC AGM 06 June 2013 London Air Berlin PLC AGM 06 June 2013 London airberlin a strong European carrier Market position as of 31 December 2012 No. 2 in core market: Germany / Austria / Switzerland No. 7 in Europe with 33.3 m guests

More information

Qantas Airways Limited

Qantas Airways Limited Qantas Airways Limited Macquarie Australia Conference 8 May 2014 Qantas Guiding Strategic Principles Safety is always our first priority The first choice for customers in every market we serve Maintaining

More information

STATISTICAL REPORT. Aviation

STATISTICAL REPORT. Aviation STATISTICAL REPORT Aviation Domestic airline on time performance December 2015 Commonwealth of Australia 2016 ISSN: 1832-0759 Ownership of intellectual property rights in this publication Unless otherwise

More information

Forward looking statements

Forward looking statements Forward looking statements This presentation contains forward-looking statements. Forward-looking statements often include words such as anticipate", "expect", "intend", "plan", "believe, continue or similar

More information

SIA ANALYST/MEDIA BRIEFING Q2 and 1H FY17/18 Results 8 November 2017

SIA ANALYST/MEDIA BRIEFING Q2 and 1H FY17/18 Results 8 November 2017 SIA ANALYST/MEDIA BRIEFING Q2 and 1H FY17/18 Results 8 November 2017 THE PARENT AIRLINE Q2 AND 1H FY17/18 RESULTS THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE Q2 % 1H % FY17/18 Change FY17/18 Change

More information

AIR CANADA REPORTS THIRD QUARTER RESULTS

AIR CANADA REPORTS THIRD QUARTER RESULTS AIR CANADA REPORTS THIRD QUARTER RESULTS THIRD QUARTER OVERVIEW Operating income of $112 million compared to operating income of $351 million in the third quarter of 2007. Fuel expense increased 49 per

More information

2012 Result. Mika Vehviläinen CEO

2012 Result. Mika Vehviläinen CEO 2012 Result Mika Vehviläinen CEO 1 Agenda Market environment in Q4 Business performance and strategy execution Outlook Financials 2 Market Environment According to IATA, Global air travel continues to

More information

STATISTICAL REPORT. Aviation

STATISTICAL REPORT. Aviation STATISTICAL REPORT Aviation Domestic airline on time performance September 2015 Commonwealth of Australia 2015 ISSN: 1832-0759 Ownership of intellectual property rights in this publication Unless otherwise

More information

For personal use only

For personal use only QANTAS GROUP FINANCIAL RESULT Key points: Underlying PBT 1 loss: $252 million Statutory Loss After Tax: $235 million Yield 1 excluding FX down 3% Revenue: $7.9 billion, down 4% Underlying fuel costs 1

More information

26 August Christopher Luxon Chief Executive Officer. Rob McDonald Chief Financial Officer

26 August Christopher Luxon Chief Executive Officer. Rob McDonald Chief Financial Officer 26 August 2016 Christopher Luxon Chief Executive Officer Rob McDonald Chief Financial Officer Forward looking statements This presentation contains forward-looking statements. Forward-looking statements

More information

AIR CANADA REPORTS 2010 THIRD QUARTER RESULTS; Operating Income improved $259 million or 381 per cent from previous year s quarter

AIR CANADA REPORTS 2010 THIRD QUARTER RESULTS; Operating Income improved $259 million or 381 per cent from previous year s quarter AIR CANADA REPORTS 2010 THIRD QUARTER RESULTS; Operating Income improved $259 million or 381 per cent from previous year s quarter MONTRÉAL, November 4, 2010 Air Canada today reported operating income

More information

Air China Limited 2014 Annual Results Under IFRS

Air China Limited 2014 Annual Results Under IFRS Air China Limited 2014 Annual Results Under IFRS March 2015 Agenda Part 1 Results Highlights Part 2 Business Overview Part 3 Financial Overview Part 4 Outlook Part 1 Results Highlights Gradual Global Economic

More information

Passenger: 17.2 Million (+3.9% yoy) OTP: 85.8% SLF: 73.3% Subsidiaries Operating Revenues US$415.2 Million Cargo Carried 219.4K ton (+10.

Passenger: 17.2 Million (+3.9% yoy) OTP: 85.8% SLF: 73.3% Subsidiaries Operating Revenues US$415.2 Million Cargo Carried 219.4K ton (+10. Value* 14.78 3.36 4.97 Volume** 32.85 9.59 13.43 Last Price 423 342 348 Market Cap.*** 8.74 8.85 9.01 Note: * Average Value in Billion Rupiah ** Average Volume in Million *** Market Capitalization in Trillion

More information

Airport forecasting is used in master planning to guide future development of the Airport.

Airport forecasting is used in master planning to guide future development of the Airport. Airport Forecasts Airport forecasting is used in master planning to guide future development of the Airport. 4.1 INTRODUCTION Airport forecasting ensures development is appropriate for passengers, ground

More information

QANTAS ANNOUNCES STRONG FULL YEAR PROFIT, SHAREHOLDER RETURN & DREAMLINER ORDER 1

QANTAS ANNOUNCES STRONG FULL YEAR PROFIT, SHAREHOLDER RETURN & DREAMLINER ORDER 1 QANTAS ANNOUNCES STRONG FULL YEAR PROFIT, SHAREHOLDER RETURN & DREAMLINER ORDER 1 Underlying Profit Before Tax: $975 million Statutory Profit Before Tax: $789 million Return on invested capital: 16 per

More information

Media Release QANTAS RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2004 HIGHLIGHTS. Fully franked interim dividend of 10 cents per share

Media Release QANTAS RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2004 HIGHLIGHTS. Fully franked interim dividend of 10 cents per share Media Release QANTAS RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2004 HIGHLIGHTS Profit before tax of $601.3 million Net profit after tax of $458.4 million Revenue of $6.4 billion Fully franked interim

More information

2003/04 Full Year Results Presentation to Investors

2003/04 Full Year Results Presentation to Investors 2003/04 Full Year Results Presentation to Investors 19 August 2004 Geoff Dixon Chief Executive Officer Highlights 12 months to June 2004 12 months to June 2003 Increase/ (decrease) % Sales and operating

More information

Significant strategic developments announced today

Significant strategic developments announced today Qantas Airways Limited Building a Stronger Qantas August 2011 Executive Summary Significant strategic developments announced today Initial Phase of comprehensive plan to turnaround the Qantas International

More information

Media Release QANTAS RESULTS FOR THE YEAR ENDED 30 JUNE 2006 HIGHLIGHTS

Media Release QANTAS RESULTS FOR THE YEAR ENDED 30 JUNE 2006 HIGHLIGHTS Media Release QANTAS RESULTS FOR THE YEAR ENDED 30 JUNE 2006 HIGHLIGHTS Profit before tax of $671 million Net profit after tax of $480 million Revenue of $13.6 billion Final dividend of 11 cents per share

More information

QANTAS AIRWAYS LIMITED AND ITS CONTROLLED ENTITIES

QANTAS AIRWAYS LIMITED AND ITS CONTROLLED ENTITIES AND ITS CONTROLLED ENTITIES FOR THE FINANCIAL YEAR ENDED 30 JUNE ABN: 16 009 661 901 ASX CODE: QAN ASX APPENDIX 4E Table of Contents ASX APPENDIX 4E Results for Announcement to the Market 2 Other Information

More information

Qantas Airways Limited. Nomura Conference 30 November Qantas Group. Gareth Evans Chief Financial Officer

Qantas Airways Limited. Nomura Conference 30 November Qantas Group. Gareth Evans Chief Financial Officer Qantas Airways Limited Nomura Conference 30 November 011 Qantas Group Gareth Evans Chief Financial Officer The Qantas Group Our Operations Qantas Group is the eleventh largest airline in the world based

More information

Qantas Airways Limited FY16 Results

Qantas Airways Limited FY16 Results Qantas Airways Limited FY16 Results Supplementary Presentation 24 August 2016 ASX: QAN US OTC: QABSY Group Performance Key Metrics FY16 FY15 VLY% 6 Underlying PBT 1 ($M) 1,532 975 57 Statutory profit before

More information

Financial overview. Adjusted operating cash flow* Annual dividend (excluding special dividend) Dollar movement. Percentage

Financial overview. Adjusted operating cash flow* Annual dividend (excluding special dividend) Dollar movement. Percentage 1 Financial overview June 2007 June 2006 Dollar movement Percentage movement Operating revenue $4,297m $3,805m $492m 13% PBUT $268m $150m $118m 79% NPAT $214m $96m $118m 123% Adjusted operating cash flow*

More information

Air China Limited Annual Results. March Under IFRS

Air China Limited Annual Results. March Under IFRS Air China Limited 21 Annual Results Under IFRS March 211 Agenda Part 1 Highlights Part 2 Business Overview Part 3 Financial Overview Part 4 Outlook 2 Part 1 Highlights Steady Economic Growth; Asia Pacific

More information

Qantas Airways Limited 1H19 Results

Qantas Airways Limited 1H19 Results Qantas Airways Limited 1H19 Results 21 February 2019 ASX:QAN US OTC:QABSY 1H19 Highlights Revenue strength substantially offset fuel cost increases First half Underlying Profit Before Tax (PBT) 1 $780m,

More information

EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER easyjet delivers a good start to the year, in line with expectations

EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER easyjet delivers a good start to the year, in line with expectations EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2018 easyjet delivers a good start to the year, in line with expectations Summary easyjet has delivered a good performance in the quarter with

More information

Singapore Airlines Group Analyst/Media Briefing HALF YEAR FY RESULTS 5 NOVEMBER 2012 THE PARENT AIRLINE 1H FY2012/13 RESULTS

Singapore Airlines Group Analyst/Media Briefing HALF YEAR FY RESULTS 5 NOVEMBER 2012 THE PARENT AIRLINE 1H FY2012/13 RESULTS Singapore Airlines Group Analyst/Media Briefing HALF YEAR FY2012-13 13 RESULTS 5 NOVEMBER 2012 THE PARENT AIRLINE 1H FY2012/13 RESULTS THE PARENT AIRLINE COMPANY RESULTS 2Q & 1H FY12/13 2Q/12 $million

More information

QANTAS HALF YEAR 2015 FINANCIAL RESULTS 1

QANTAS HALF YEAR 2015 FINANCIAL RESULTS 1 QANTAS HALF YEAR 2015 FINANCIAL RESULTS 1 Key points: Underlying Profit Before Tax: $367 million Statutory Profit After Tax: $206 million Transformation benefits: $374 million Comparable unit cost reduction:

More information

Air Berlin PLC 15 th June, 2016 Annual General Meeting 2016 London

Air Berlin PLC 15 th June, 2016 Annual General Meeting 2016 London Air Berlin PLC 15 th June, 2016 Annual General Meeting 2016 London Despite headwind, airberlin made good progress in 2015 RASK +3.7% Yield +2.0% Load Factor +0.7%pt Ancillary Revenues* +9.2% ASKs -5.4%

More information

Thank you for participating in the financial results for fiscal 2014.

Thank you for participating in the financial results for fiscal 2014. Thank you for participating in the financial results for fiscal 2014. ANA HOLDINGS strongly believes that safety is the most important principle of our air transportation business. The expansion of slots

More information

For personal use only

For personal use only Half Year Results Press Conference Remarks by Qantas CEO Alan Joyce 21 February 2013 Good morning. Thanks for joining us for the Qantas Group result for the six months ended 31 December 2012. The Group

More information

SAS Group Q Teleconference

SAS Group Q Teleconference SAS Group Q4 2012 Teleconference December 12, 2012 1 Break-even result in 2012 despite 1.6 bn SEK higher fuel cost 23 MSEK EBT (before non-recurring items) despite 1.6 bn SEK higher fuel cost Positive

More information

Qantas Airways Investor Briefing

Qantas Airways Investor Briefing Qantas Airways Investor Briefing May 24 2007 Introduction APA bid protracted and difficult Continuity and stability now essential Executive Management commitment Orderly Board renewal Page 1 Page 1 Introduction

More information

RESEARCH NOTE. Qantas Group Ltd Neutral

RESEARCH NOTE. Qantas Group Ltd Neutral 1 RESEARCH NOTE Qantas Group Ltd Neutral Price: A$5.80 Price Target: A$6.17 ASX: QAN 18 September 2017 Myer Holdings (MYR) reported disappointing FY17 results and guided to a weak start to the FY18 year,

More information

Virgin Australia Holdings HY13 half year results 26 February 2013

Virgin Australia Holdings HY13 half year results 26 February 2013 Virgin Australia Holdings HY13 half year results 26 February 2013 Introduction Delivered solid result despite market dynamics and economic environment Economic uncertainty Strong competitive capacity growth

More information

For personal use only

For personal use only Qantas Airways Limited 1H18 Results 22 February 2018 ASX:QAN US OTC:QABSY 1H18 Highlights Another record performance Record first half Underlying Profit Before Tax (PBT) 1 $976m, Statutory PBT $857m Continued

More information

AVIATION STATISTICS. Airline On Time Performance Annual Report OTP 55

AVIATION STATISTICS. Airline On Time Performance Annual Report OTP 55 AVIATION STATISTICS Airline Performance 2007 Annual Report OTP 55 BITRE Aviation Statistics OTP 55 Commonwealth of Australia 2008 ISSN 1832-0759 This work is copyright and the data contained in this publication

More information

Qantas Airways Limited 1H16 Results Supplementary Presentation 23 February 2016 ASX: QAN US OTC: QABSY

Qantas Airways Limited 1H16 Results Supplementary Presentation 23 February 2016 ASX: QAN US OTC: QABSY Qantas Airways Limited 1H16 Results Supplementary Presentation 23 February 2016 ASX: QAN US OTC: QABSY Group Performance Key Metrics KEY GROUP FINANCIAL METRICS 1H16 1H15 VLY% 5 Underlying PBT 1 ($M) 921

More information

% change in reported RASK % change in underlying RASK (excl. FX) Group 1.8% 2.6% Short Haul 5.3% 5.4% Long Haul (3.8%) (2.0%)

% change in reported RASK % change in underlying RASK (excl. FX) Group 1.8% 2.6% Short Haul 5.3% 5.4% Long Haul (3.8%) (2.0%) Contents November 2017 traffic highlights Operating statistics table Recent market announcements and media releases 13 December 2017 November 2017 highlights Group traffic summary 2017 2016 %* 2018 2017

More information

STATISTICAL REPORT. Aviation. Domestic airline on time performance

STATISTICAL REPORT. Aviation. Domestic airline on time performance STATISTICAL REPORT Aviation Domestic airline on time performance 2016-17 Commonwealth of Australia 2017 ISSN: 1832-0759 Ownership of intellectual property rights in this publication Unless otherwise noted,

More information

Heathrow (SP) Limited

Heathrow (SP) Limited Draft v2.0 10 Feb Heathrow (SP) Limited Results for year ended 31 December 2013 24 February 2014 Strong operational and financial performance in 2013 Passenger satisfaction at record high and over 72 million

More information

Charter and Cargo - Niche aviation businesses delivering low risk, high margin revenue

Charter and Cargo - Niche aviation businesses delivering low risk, high margin revenue Charter and Cargo - Niche aviation businesses delivering low risk, high margin revenue Merren McArthur Chief Executive Virgin Australia Regional Airlines and Virgin Australia Cargo OUTLINE Charter and

More information

PRESS RELEASE. First Half 2017 Financial Results Higher Load Factors and traffic lead to a significant rebound in second quarter profitability

PRESS RELEASE. First Half 2017 Financial Results Higher Load Factors and traffic lead to a significant rebound in second quarter profitability PRESS RELEASE First Half 2017 Financial Results Higher Load Factors and traffic lead to a significant rebound in second quarter profitability Kifissia, 12 September 2017 AEGEAN announces first half 2017

More information

AVIATION STATISTICS. Airline On Time Performance 2009 OTP 83

AVIATION STATISTICS. Airline On Time Performance 2009 OTP 83 AVIATION STATISTICS Airline Performance 2009 OTP 83 Commonwealth of Australia 2010 ISSN 1832 0759 This work is copyright and the data contained in this publication should not be reproduced or used in any

More information

Qantas Airways Limited FY17 Results

Qantas Airways Limited FY17 Results Qantas Airways Limited FY17 Results 25 August 2017 ASX:QAN US OTC:QABSY FY17 Highlights Delivering sustainable Group financial performance Underlying Profit Before Tax (PBT) $1,401m, Statutory PBT $1,181m

More information

Fourth Quarter and Full Year 2011 Results Presentation. February 1, 2012

Fourth Quarter and Full Year 2011 Results Presentation. February 1, 2012 Fourth Quarter and Full Year 2011 Results Presentation February 1, 2012 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating

More information

STATISTICAL REPORT. Aviation. Domestic airline on time performance

STATISTICAL REPORT. Aviation. Domestic airline on time performance STATISTICAL REPORT Aviation Domestic airline on time performance 2015-16 Commonwealth of Australia 2016 ISSN: 1832-0759 Ownership of intellectual property rights in this publication Unless otherwise noted,

More information

Tiger Airways Holdings Limited FY11 Results

Tiger Airways Holdings Limited FY11 Results Tiger Airways Holdings Limited FY11 Results May 2011 Financial Year Ended 31 March 2011 Disclaimer The information contained in this presentation (the "Information") is provided by Tiger Airways Holdings

More information

QUT BlueShift Business Case Competition 2018 Business Case

QUT BlueShift Business Case Competition 2018 Business Case QUT BlueShift Business Case Competition 2018 Business Case Table of Contents Confidentiality... 2 1.0 Airlines in Australia... 3 2.0 Loyalty Programs... 4 3.0 Virgin Australia Group... 5 4.0 Velocity Frequent

More information

INVESTOR PRESENTATION. May 2015

INVESTOR PRESENTATION. May 2015 INVESTOR PRESENTATION May 2015 Forward-looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the

More information

PRESS RELEASE Financial Results. Rising passenger traffic at 12.5m Exceeding 1bn in consolidated revenue

PRESS RELEASE Financial Results. Rising passenger traffic at 12.5m Exceeding 1bn in consolidated revenue PRESS RELEASE 2016 Financial Results Rising passenger traffic at 12.5m Exceeding 1bn in consolidated revenue Kifissia, 23 March 2017 AEGEAN reports full year 2016 results with consolidated revenue at 1,020m,

More information

QANTAS RESULTS FOR THE YEAR ENDED 30 JUNE 2000 HIGHLIGHTS. Net profit before tax of AUD$762.8 million, up AUD$100.3 million, 15 percent on last year

QANTAS RESULTS FOR THE YEAR ENDED 30 JUNE 2000 HIGHLIGHTS. Net profit before tax of AUD$762.8 million, up AUD$100.3 million, 15 percent on last year QANTAS RESULTS FOR THE YEAR ENDED 30 JUNE 2000 HIGHLIGHTS Net profit before tax of AUD$762.8 million, up AUD$100.3 million, 15 percent on last year Net profit after tax of AUD$517.9 million, up AUD$97

More information

STAYING TRUE. BofAML Global Transportation Conference. May

STAYING TRUE. BofAML Global Transportation Conference. May STAYING TRUE BofAML Global Transportation Conference May 19 2011 FORWARD-LOOKING STATEMENT Certain information in this presentation and statements made during this presentation, including any question

More information

Cathay Pacific Airways Interim Results for the six months ended 30 June 2012

Cathay Pacific Airways Interim Results for the six months ended 30 June 2012 Cathay Pacific Airways Interim Results for the six months ended 30 June 2012 8 August 2012 1 Interim Result 1H2012 1H2011 Change Group attributable (loss) / profit HK$ million (935) 2,808-133.3% Group

More information

Cebu Air, Inc. Annual Stockholders Briefing. 24 June cebupacificair.com

Cebu Air, Inc. Annual Stockholders Briefing. 24 June cebupacificair.com Cebu Air, Inc. Annual Stockholders Briefing 24 June 2015 cebupacificair.com Business Updates Passengers (M) Operating Statistics 2014: Passenger traffic grew 17.5% to 16.9M. Seat capacity grew 14.8% to

More information

Page 1. John Guscic Managing Director, Webjet Limited

Page 1. John Guscic Managing Director, Webjet Limited Page 1 John Guscic Managing Director, Webjet Limited spanning both consumer markets (through B2C) and global wholesale markets (through B2B) B2C TRAVEL Leading online consumer travel brands B2B TRAVEL

More information

SYDNEY, 23 August 2012: Qantas Group today announced Underlying Profit Before Tax of $95 million for the year ended 30 June 2012.

SYDNEY, 23 August 2012: Qantas Group today announced Underlying Profit Before Tax of $95 million for the year ended 30 June 2012. QANTAS 2011/2012 FINANCIAL RESULT Key points: Underlying Profit Before Tax 1 of $95 million. Statutory Loss After Tax of $244 million. Record results for Jetstar and Qantas Frequent Flyer 2. Underlying

More information

Long Haul load factors for the month remained strong relative to last February s statistics, but both Domestic and Tasman/PI were lower:

Long Haul load factors for the month remained strong relative to last February s statistics, but both Domestic and Tasman/PI were lower: MONTHLY INVESTOR UPDATE: 27 March 2008 CONTENTS - February market conditions - New aircraft deliveries - Company announcements - Operating statistics table MARKET CONDITIONS Passengers carried across the

More information

Cebu Air, Inc. 4 th Quarter and Full Year 2017 Results of Operations. cebupacificair.com

Cebu Air, Inc. 4 th Quarter and Full Year 2017 Results of Operations. cebupacificair.com Cebu Air, Inc. 4 th Quarter and Full Year 2017 Results of Operations cebupacificair.com Disclaimer The information provided in this presentation is provided only for your reference. Such information has

More information

Singapore Airlines Group Analyst/Media Briefing HALF YEAR FY RESULTS. 13 November 2013 THE PARENT AIRLINE 1H FY2013/14 RESULTS

Singapore Airlines Group Analyst/Media Briefing HALF YEAR FY RESULTS. 13 November 2013 THE PARENT AIRLINE 1H FY2013/14 RESULTS Singapore Airlines Group Analyst/Media Briefing HALF YEAR FY2013-14 14 RESULTS 13 November 2013 THE PARENT AIRLINE 1H FY2013/14 RESULTS THE PARENT AIRLINE COMPANY RESULTS 2Q & 1H FY13/14 2Q/13 $million

More information

Qantas Airways Limited

Qantas Airways Limited Qantas Airways Limited 1H15 Results Supplementary Slides 26 February 2015 Group Performance 2 Group Highlights Underlying Income Statement 1 $M 1H15 1H14 VLY VLY % Net passenger revenue 6,960 6,786 174

More information

Air China Limited Announces 2009 Annual Results

Air China Limited Announces 2009 Annual Results Air China Limited Announces 2009 Annual Results Record Operating Profit in Complex Market Environment Strengthened Position to Capture Growth Opportunities Hong Kong April 22, 2010 Air China Limited (

More information

Air China Limited Interim Results. August Under IFRS

Air China Limited Interim Results. August Under IFRS Air China Limited 21 Interim Results Under IFRS August 21 1 Agenda 21 Interim Results Overview Business Overview Financial Overview Outlook 2 2 2 21 Interim Results 3 21 Interim Results Overview 4 4 4

More information

btre AVIATION STATISTICS Airline On Time Performance FY OTP 48

btre AVIATION STATISTICS Airline On Time Performance FY OTP 48 Bureau of Transport and Regional Economics btre AVIATION STATISTICS Airline On Time Performance FY 2006-07 OTP 48 Commonwealth of Australia 2007 ISSN 1832-0759 This work is copyright and the data contained

More information

Air Berlin PLC AGM 18 June 2014 London

Air Berlin PLC AGM 18 June 2014 London Air Berlin PLC AGM 18 June 2014 London Executive summary (1) Key Highlights 2013 2013: a challenging year for airberlin Operational loss of 231.9 million euros Group revenue down in line with capacity

More information

OPERATING AND FINANCIAL HIGHLIGHTS

OPERATING AND FINANCIAL HIGHLIGHTS Copa Holdings Reports Financial Results for the Fourth Quarter of 2018 Excluding special items, adjusted net profit came in at $44.0 million, or Adjusted EPS of $1.04 Panama City, Panama --- February 13,

More information

INVESTOR PRESENTATION. Imperial Capital Global Opportunities Conference September 2015

INVESTOR PRESENTATION. Imperial Capital Global Opportunities Conference September 2015 INVESTOR PRESENTATION Imperial Capital Global Opportunities Conference September 2015 Forward-looking Statements This presentation contains forward-looking statements within the meaning of the Private

More information

Qantas Airways Limited 1H17 Results Supplementary Presentation

Qantas Airways Limited 1H17 Results Supplementary Presentation Qantas Airways Limited 1H17 Results Supplementary Presentation 23 February 2017 ASX:QAN US OTC:QABSY Group Performance 1H17 Key Group Financial Metrics 1H17 1H16 VLY % 8 Comments Underlying PBT 1 ($M)

More information

Bank of America Merrill Lynch 2018 Emerging Markets Corporate Credit Conference. Miami, May 2018

Bank of America Merrill Lynch 2018 Emerging Markets Corporate Credit Conference. Miami, May 2018 Bank of America Merrill Lynch 2018 Emerging Markets Corporate Credit Conference Miami, May 2018 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated

More information

Analysts Briefing. 18 March Cathay Pacific Airways Limited

Analysts Briefing. 18 March Cathay Pacific Airways Limited Analysts Briefing 18 March 2015 Cathay Pacific Airways Limited Annual Results 2014 2013 Change Group attributable profit HK$m 3,150 2,620 +20.2% Group turnover HK$m 105,991 100,484 +5.5% Profit margin

More information