Delivering today

Qantas staff at Mascot head office

The Qantas Group reported an underlying profit before tax for FY20 of $124 million.

The Qantas Group has taken a range of measures to mitigate the financial impact resulting from the COVID-19 crisis and associated travel restrictions.

The three-year recovery plan, announced in June, will enable the Group to create a stronger platform for future profitability, deliver long-term shareholder value and preserve as many jobs as possible.

More details are available in our Investor Centre.

CEO and Chairman's reports

View FY20 CEO’s report (PDF) CEO Alan Joyce at Qantas head office

Alan Joyce AC

CEO Qantas Airways

“The aviation industry knows it needs to adapt to a carbon constrained future. Acting responsibly on emissions will be key to our long-term success."

View FY20 CEO’s report (PDF)
View FY20 Chairman’s report (PDF) Chairman Richard Goyder AO

Richard Goyder AO

Chairman Qantas Airways

“Our performance shows how resilient the Qantas Group has become. And that’s largely due to the strategy behind the portfolio of businesses."

View FY20 Chairman’s report (PDF)

For details of our historical performance including the 2019 Annual Report visit the Investor Centre.

View our FY20 full year overview Qantas aircraft in flight

FY20 full year overview

In what has been the most challenging period in its 100-year history, the Qantas Group reported an Underlying Profit Before Tax of $124 million for FY20. This reflects a strong first half of the year ($771 million Underlying Profit) followed by a near total collapse in travel demand and a $4 billion drop in revenue in the second half as a result of COVID-19. On a statutory level, the Group reported a $2.7 billion Loss Before Tax – mostly due to asset impairments and one-off costs to restructure and right-size the business. The three-year recovery plan, announced in June 2020, will enable the Group to create a stronger platform for future profitability, deliver long-term shareholder value and preserve as many jobs as possible.

View our FY20 full year overview
View our 1H20 trading update Jetstar aircraft in flight

FY20 half year trading update

The Qantas Group reported an Underlying Profit Before Tax of $771 million for the first half of FY20.  The Underlying result was $4 million less than the same time last year – despite $174 million in higher foreign exchange related costs, the impact from global freight weakness, disruption in Hong Kong and the impact on earnings as a result of the transfer of ownership of the domestic airport terminals to the airport operators.  The Group met all the targets of its financial framework during the half, generating significant cash flow that allowed for ongoing investment as well as shareholder returns.

View our 1H20 trading update
View our performance Crew and customer on a plane

Financial performance

We are committed to delivering in accordance with our Financial Framework. Learn about how we performed in FY19.

View our performance