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Company News Summary

Qantas Airways Delivers Positive Performance In First Half FY 2020

20 Feb 2020  |  08:58:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Qantas Group HY20 ASX and Media Release

Qantas Airways continued to deliver positive earnings in a mixed market in the first half of FY 2020, with an Underlying Profit Before Tax of $771m and a Statutory Profit Before Tax of $648m. The Underlying result was $4m less than the pcp, despite $51m in higher foreign exchange related cost impacts, a $68m impact from global freight weakness and disruption in HK, and a $55m increase in operating costs from the sale of domestic airport terminals. The Group International Underlying EBIT rose by $4m to $162m.

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