Qantas 2014 Annual Report Download - page 9

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QANTAS DOMESTIC
$30 MILLION
Profitable in tough market, maintained over
80 per cent corporate market share
QANTAS INTERNATIONAL
-$497 MILLION
Unit costs1 down 4 per cent, offset by
market capacity growth and fuel costs
JETSTAR
-$116 MILLION
Domestic Australia profitable, offset by
fuel costs, competitive South-East Asian
markets and start-up costs
QANTAS LOYALTY
$286 MILLION
Record result, fifth consecutive year of
double-digit Underlying EBIT growth
QANTAS FREIGHT
$24 MILLION
Weak global cargo markets, Australian air
Express consolidation process complete
STRONG LIQUIDITY
$3.6bn, including $3 billion cash
ACCELERATED
TRANSFORMATION
BENEFITS
$204m realised in 2013/2014,
projects worth $900 million
underway
COST REDUCTION
Unit costs down 3 per cent, with
rate accelerating (2 per cent first
half, 4 per cent second half)
CAPITAL INVESTMENT
$874m in 2013/2014 with forecast
of $700m in 2014/2015 and $800m
in 2015/2016, aligned with financial
performance
DEBT REFINANCED
Following early repayment of
$450m of unsecured debt, no
significant unsecured refinancing
due until April 2016
SEGMENT
UNDERLYING EBIT1 FINANCIAL
POSITION1
1 For explanations of non-statutory measures, see the Review of Operations section in this report.
07
QANTAS ANNUAL REPORT 2014