• Qantas Group Breaks The Highest Basic Profit Record

    JAKARTA – Qantas Group posted the highest pre-tax profit base in the company’s history. Qantas posted an A $ 976 million in basic earnings for the six-month period ending December 31, 2017.

    That number surpassed the record first half of 2016 financial year amounting to A $ 921 million. This figure was achieved despite an increase in fuel prices and international capacity growth.

    In addition, when compared to the first half of the 2017 financial year, there was a 15% increase in pre-tax profit and 20% profit based on pre-tax law.

    “We managed to record these results thanks to investments in areas that contribute to margin growth, as well as the implementation of network-related strategies that ensure that we provide the right planes for the right routes,” Group CEO Alan Joyce said in a press release Sunday (25/2 / 2018).

    He explained that Qantas managed to achieve all of the Group’s financial targets. That way the company allows to continue to bring positive results for shareholders. Also can invest more for customer satisfaction and position themselves for the future.

    The level of net debt continued to fall and was in the lower range, at A $ 5.1 billion. This means that 60% of the Qantas fleet, including two 787-9 aircraft purchased in cash, are not burdened with debt.

    The maturity period of debt repayment also improved for up to eight years, with the company’s debt program at A $ 350 million and short-term liquidity strongly maintained at A $ 2.8 billion.

    Earnings from 12-month capital investment turnover reached 20.9%, with all operational segments able to deliver results beyond the average cost of capital.

    The spending guidelines for capital expenditures for the 2018 and 2019 financial years remain at A $ 3 billion, excluding net asset sales.

    Operating cash flow also increased by 48% and broke the record with A $ 1.7 billion. This contributes to the availability of more capital to be reinvested and distributed to shareholders.

    “These results include an A $ 181 million gain gained from ongoing transformations, and are part of an average annual target of A $ 400 million. Ultimately, discipline is the key behind our success to continue delivering the best results for our customers, shareholders, and communities around us, “said Joyce.

    Jetstar Order

    In other developments, Jetstar has ordered 99 A320 aircraft and, starting mid 2020 receiving 18 new A321LR NEO aircraft.

    The new generation fleet with more mileage capability can serve routes such as from Melbourne and Sydney to Bali, which is currently served 787-8 Dreamliner.

    The presence of the first four NEO long-haul aircraft will also increase Qantas capacity on these routes.

    That way, potentially spare some time flying 787-8 to then serve the tourist routes such as Vietnam, China, Thailand, and Hawaii.

    The Eighteen A321LR NEO planes will be accepted by the end of 2022. The planes will replace the old Jetstar A320 fleet. Previously the A320 fleet was used on a number of domestic and international routes.

    Later, each aircraft will save fuel usage by 15%.

    ———
    Sources: http://industri.bisnis.com/read/20180225/98/742767/qantas-group-pecahkan-rekor-laba-dasar-tertinggi
    Translated by Aryaputra PandeBIC

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