The Qantas Group continued to deliver revenue growth in the first quarter of FY20, up 1.8 per cent to a record $4.56 billion compared with $4.49 billion in the prior corresponding period.
Group Unit Revenue increased 2.1 per cent versus the prior corresponding period.
Jetstar International revenue also grew in the quarter, led by strong demand on leisure routes to Asia that offset weakness in markets impacted by the strength of the US Dollar.
A fully franked 13 cent dividend (increased from 12 cents) was paid to shareholders on 23 September 2019, representing a $204 million return.
The Group has fully hedged its fuel for FY20 with the ability to benefit from significant price falls. Based on a jet fuel forward market price of A$109 per barrel for the remainder of FY20, the Group’s full year fuel cost is now expected to be $3.98 billion with a $29 million increase in the first half versus the same time last year. The worst case total fuel cost is $4.05 billion