Results Summary
- Underlying Profit Before Tax: $124 million (down 91%)
- Statutory Loss Before Tax: $2.7 billion (majority of which is non-cash, including aircraft write downs)
- $4 billion revenue impact from COVID crisis in 2H20
- Operating cash flow: $1.1 billion
- Liquidity of $4.5 billion providing considerable buffer to manage uncertainty
- Significant progress on initial steps of three-year recovery plan
It’s been a tough year no doubt, but the organisation turned a profit before tax and before write downs.