Qantas half year 2015 financial results
 

• Underlying Profit Before Tax: $367 million
• Statutory Profit After Tax: $206 million
• Transformation benefits: $374 million
• Comparable unit cost reduction: 4.8 per cent[1]
• Cash generated from operations: $1 billion
• Positive net free cash flow: $194 million
• Liquidity: $3.6 billion, including $2.9 billion cash
• Earnings per share: 9.2 cents
• No interim dividend

Any other announcements on routes etc????

And not ONE WORD from Joyce or Creedy about the effect of a 4.5% pay cut enforced on the people who produce "the goods"!!


Role on.....

Qantas half year 2015 financial results
 

"We're parking 'em!" lol

Righteo Big Al, time to pony-up with our EBAs matey!

Nothing about 787s

Some very limited fleet news:

From Pg. 11 of the Supp slides (available on ASX website)
The reduction in 737-800s from 75 to 69 (with no alternate aircraft) is interesting.

How many aircraft in the jetconnect fleet are there?

Andrew David said that he has not signed off on any reduction of the 737-800 fleet other than the 2 previously announced. He is not sue of where the number came from? Could be an error or just management speak.

Signing off of a favourable EBA seems to be one of the things management say they need to get a new aircraft type for mainline over the line at the board level. Which is probably true.

I liked how they said long haul wouldn't get any 787s until the division showed some continued profit. How are they expected to do that with 20 year old 74s when everyone else has 777s and 787s?

I haven't had a chance to do the hunting myself but any idea how much debt has been retired amongst those numbers?

I suspect the only way this crowd makes money is by selling assets.

Jetstar Asia commenced operations 10 years ago.

Still no profit. Still losing 50m a year.

1 Billion in losses to date?

The number of 6 fewer 738 airframes is a possibly due to an increase in utilisation of the aircraft. They'll need less frames for the same amount of hours.

So mainline losing frames...Qlink gaining frames?? Yay!!! We getting jets! :}

Ahhh yep, I definitely need to get out more! :)

And that my friends is how you cook the books.

Now if only our credit rating wasn't tarnished during this whole exercise, then maybe the half yearly would be a tad bit stronger.

Give it another 18 months before we see a better credit rating.

Seams like a no-brainier to have bought in at $1.40 a share when oil prices started falling. With a 2 billion dollar profit on the horizon due to a halving of the oil price a $5 share price is not unreasonable. Anyone a gambler?

HB, and thinking about Lear45 jobs in Calcutta won't help!

No, they make money by not providing even a basic entertainment system for the SLF.
The last 3 times I've flown domestically with the red rat (in the last 9 mths), it's been the same story every time.
When the bloke in the LH seat up the pointy end, has to apologise for a total lack of an entertainment system, it's beyond a joke to still call yourself a "full service" airline. :}

Come on you guys, the "man" is a financial genius, what are you on about?

Yeah, you lot! Who else could so brilliantly institute a transformation program that would so dramatically lower fuel prices and the Australian dollar. Genius!:)

If you read the results, Singapore (ie. Jetstar Asia) made money in 2Q, but lost money in 1Q... And it has previously made small profits -- in both 2013 and 2014

The Asian losses are coming from Vietnam (Pacific), Japan (much more recent startup) and Hong Kong (a 2+ y/o airline with lots of planes and costs but no routes)