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Qantas Airways Provides Trading Update

02 May 2022  |  08:24:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Qantas Group Trading Update - Third Quarter FY22

Qantas Airways provided trading update. Revenue growth during the third quarter has led to a rapid reduction in the Group's Net Debt, from $5.5bn at 31 December 2021 to $4.5bn by the end of April 2022 to below pre-COVID levels. This compares to a peak of more than $6.4bn at the height of border closures. Based on current market conditions, Net Debt is projected to reach the bottom of the Group’s target range by the end of FY 2022.

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