Cash does not include undrawn loans - that would be undrawn debt (which is a liability not an asset)....
No, not "cash", but "cash position". As I said a carefully worded term and I am not confident (or have I read the full asx report) to believe that they actually do have $3 billion of their own money in the bank coffers.
See following link.....
Qantas records $235m loss on falling revenue | Australian Aviation
The overall financial position of the airline remains strong, with liquidity of $3 billion comprising $2.4 billion in cash and $630 million in undrawn debt facilities as at December 31, and no major unsecured debt due to mature before April 2015.
So what defines cash position, how much cash they have of their own in the bank
or how much cash they have access to? I fail to see how undrawn debt is a liabilty (until it is drawn upon).