Qantas Airways Ltd (ASX:QAN)
A$ 6.07 -0.04 (-0.65%) Market Cap: 9.89 Bil Enterprise Value: 14.27 Bil PE Ratio: 6.62 PB Ratio: 85.50 GF Score: 71/100
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Q1 2020 Qantas Airways Ltd Trading Statement Call Transcript

Oct 23, 2019 / 10:30PM GMT
Release Date Price: A$6.52 (-0.31%)
Operator

Thank you for standing by, and welcome to the Qantas Airways Limited Quarterly Trading Update. (Operator Instructions)

I would now like to hand the conference over to Mr. Alan Joyce, Qantas Group Chief Executive Officer. Please go ahead.

Alan Joseph Joyce
Qantas Airways Limited - CEO, MD & Executive Director

Well, thank you very much, and good morning to everyone. I'm pleased to be joined by Vanessa, who formally took over as the Qantas Group CFO at the start of this month. We're speaking to you from Adelaide, where it's going to get to 33 degrees today, pretty hot, and we have our AGM here tomorrow.

Hopefully, you've had a chance to look through the details of our quarter 1 statement already. But I'd like to take you through some of the key points and talk about what we're seeing in the market before we spend most of the time on your questions.

Broadly, the trend for quarter 1 was similar to what we saw at the end of the last financial year, a mixed market with some bright spots helping to offset areas of weakness. On the

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