Qantas 2012/13 Preliminary Final Report

[Brettmcg]

Available now for download from http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01438589

...and the investor presentation: http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01438592

 

[Brettmcg]

Slide 20 of the investor presentation appears to have one of the first pictures of the new A330 flatbeds to be introduced from late next year.

 

[markis10]

Only two 747s going this year.

 

[Brettmcg]

Better photos here courtesy of David Flynn from AusBT



Look good!

 

[ftm]

Love the new Business beds. Aisle access for all by the look of it...

 

[Red Roo]

...and they can be left in the recline position for take off and landing! For more exciting details on new A330 and B717 interiors, see this link: Qantas Previews New A330 and B717 interiors

 

[Brettmcg]

....or this fact sheet! http://qmrcdn.qantasnewsroom.com.au/b8/86e51ed9ae165e46c6b20733135308/A330-fact-sheet-Aug13_d1.pdf

Even the Y seats look great (as far as that is possible for a Y seat)

 

[Comoman]

Love the new Business beds. Aisle access for all by the look of it...

Yep:
"Seats recline into a fully lie-flat bed andare positioned to give direct
aisle access for all passengers
(1-2-1 configuration)."

 

[VHOEJ]

Impressed with both the new A330 and 717 products

 

[serfty]

Interesting - ALL 30 330's will get this - both those generally used for Domestic and those for international.

Obviously the Coast-to-Coast competition is hot!

 

[JessicaTam]

ABC news reported $5m profit, although I am not sure where in the report that was as I couldn't find it on first reading.

p24 'Growing with Asia: closer integration with Jetstar group'. Does that mean dropping more QF services as the 787s come online?

 

[Fruitcake]

I note in the press release that the new A330 business class seats "can be left in a recline position for take-off and landing... a key point of difference between Qantas and other carriers flying to Asia."

Don't the Upper Class seats that VS use on flights to Asia have the ability to be reclined during takeoff and landing?

 

[Brettmcg]

ABC news reported $5m profit, although I am not sure where in the report that was as I couldn't find it on first reading.

Statutory profit after tax was $6M with Statutory profit after tax attributable to members of Qantas $5M according to the Prelim Final Report.

 

[anat0l]

Interesting - ALL 30 330's will get this - both those generally used for Domestic and those for international.

Obviously the Coast-to-Coast competition is hot!

That, and also I'd reckon Qantas want a lot more clarity in the fleet (i.e. all with the same product) and confidence that they can replace any route they like with an A330 (i.e. it's versatile, both long and short haul flying).

I note in the press release that the new A330 business class seats "can be left in a recline position for take-off and landing... a key point of difference between Qantas and other carriers flying to Asia."

Don't the Upper Class seats that VS use on flights to Asia have the ability to be reclined during takeoff and landing?

True, but VS only serves HKG anyway (and NZ, if you can count them as serving the Australia/Asia market, only serves PVG, KIX, NRT and HKG).

The statement holds some weight in that at minimum Qantas will join the small clique which allows customers to do this (if they will indeed be allowed to do this). But of course this is marketing talk, you know what that's all about...


The B717 refit is just using standard J product. Oh well, still better than converted J, though suffice to say you can't have 30 J seats for all the pollies on there any more.


Anyway... back to the report... seems like a very small profit, although better than a loss, I guess.

 

[Supersonic Swinger]

The loyalty division reported record billings and a record divisional result of $260 million, yet the liability balances where the frequent flyer liability would be included in have reduced. I wonder how much of that profit growth was driven by them being able to lower the value of the liability thanks to the removal of ASAs from online booking...

 

[smit0847]

I'm not a QF fan, but those new J suites look brilliant!

 

[markis10]

Statutory profit after tax was $6M with Statutory profit after tax attributable to members of Qantas $5M according to the Prelim Final Report.

AIr NZ by comparison:

Air New Zealand today announced earnings before taxation of $256 million for the 2013 financial year, an increase of 172 percent on the previous year and the company’s best result in five years.
The net profit after taxation was $182 million, which is $111 million or 156 percent up on the previous year.


Operating cash flow was the highest ever at $750 million, and the company reported cash holdings of $1.15 billion. Gearing improved seven percentage points to 39.1 percent, a record low for the airline.

 

[docjames]

...and they can be left in the recline position for take off and landing! For more exciting details on new A330 and B717 interiors, see this link: Qantas Previews New A330 and B717 interiors

Fully reclined (as in lie-flat)? Or partial recline?

 

[yohy?!]

Fully reclined (as in lie-flat)? Or partial recline?

I thought you could recline pretty much straight after wheels-up anyway (ie safe to do so once committed to the take off)

 

[chrispy3276]

Clearly investors liked the news, Qantas stocks closed up almost 14% (or 17 cents) to close at $1.40. A good day if you're a shareholder.