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Qantas Airways Limited Q4 2013
Posted by: Henhill69 (IP Logged)
Date: August 29, 2013 02:11PM
We'll talk about Qantas International in particular a 5% unit cost reduction despite that business declining by 6%. This was the biggest cost reduction in any one year that the Qantas Group has managed to achieve and that takes us to a 19% cost reduction over the last four years. CapEx was lowered by 200 million, helping us to drive positive free cash flows of 372 million. Our liquidity position remains strong at 3.4 billion, 2.8 billion of which is cash.
And we will continue our market share buyback program of up to $100 million. This was a year of ongoing transformation for our legacy airlines and continued growth at Jetstar and Qantas Loyalty. We have delivered against each of our strategic priorities, in fact we have accelerated the pace of change.
Read more from the Transcript @ [www.earningsimpact.com]
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