Qantas Airways Full Year 2024 Earnings: EPS Misses Expectations

Qantas Airways (ASX:QAN) Full Year 2024 Results

Key Financial Results

• Revenue: AU$21.9b (up 11% from FY 2023).
• Net income: AU$1.26b (down 28% from FY 2023).
• Profit margin: 5.7% (down from 8.8% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: AU$0.76 (down from AU$0.96 in FY 2023).

QAN Operational Performance

• Available seat kilometres (ASK): 141.36b (up 21% from FY 2023).
• Passenger load factor: 82.7% (down from 83.3% in FY 2023).
• Total aircraft: 344 (up by 11 from FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Qantas Airways EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%.

The primary driver behind last 12 months revenue was the Qantas International (Including Qantas Freight) segment contributing a total revenue of AU$8.67b (40% of total revenue). Notably, cost of sales worth AU$14.9b amounted to 68% of total revenue thereby underscoring the impact on earnings.Explore how QAN's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Global Airlines industry.

Performance of the market in Australia.

The company's shares are up 2.7% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Qantas Airways (of which 1 is potentially serious!) you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.