Originally Posted by
gordonfvckingramsay
It’s been a tough year no doubt, but the organisation turned a profit before tax and before write downs.
thanks in large part to “Qantas Loyalty’.
During the period, the Group’s Domestic airlines flew approximately 30 per cent of their Pre-COVID network but remained profitable contributing $71 million at the Underlying EBITDA level. The Group’s International operations fell into losses, contributing an Underlying EBITDA loss of $86 million, as the Group’s International passenger operations were largely grounded. Qantas Freight delivered a record performance providing a natural hedge to the impact of the grounding of the passenger business, limiting the losses from Group International. The resilience of the Qantas Loyalty business was again demonstrated as it generated a significant positive cash flow contribution for the Group and an Underlying EBITDA of $152 million. This reinforces the benefit of the diversification of earnings it provides.
plus you can’t look at before tax, before depreciation, before whatever, they are real expenses. Yes it is one look at a company but ....
debt has increased quite significantly.. 840 million.