Board Change • May 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non- Executive Director Alison Watkins was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 16
Qantas Airways Limited Operating Guidance for the Second Half of 2026 Qantas Airways Limited provided operating Guidance for the Second Half of 2026 given the conflict in the Middle East. For the period, Qantas Airways Limited announced that Group International unit revenue (RASK) growth is now expected to be 4% to 6%, double previous RASK guidance. This includes the 50% of revenue for 4Q26 that was sold prior to the conflict commencing. Group Domestic unit revenue (RASK) growth for 2H26 is expected to be approximately 5%, and 6% for 4Q26. The revised RASK outlook assumes current demand levels are sustained across Domestic and International. Announcement • Feb 04
Japan Airlines Co., Ltd. (TSE:9201) signed a non-binding Memorandum of Understanding to acquire an additional 33.32% stake in Jetstar Japan Co., Ltd. from Qantas Airways Limited (ASX:QAN). Japan Airlines Co., Ltd. (TSE:9201) signed a non-binding Memorandum of Understanding to acquire an additional 33.32% stake in Jetstar Japan Co., Ltd. from Qantas Airways Limited (ASX:QAN) on February 3, 2026. Upon completion, Japan Airlines Co., Ltd. will own 80.42% stake in Jetstar Japan Co., Ltd. The agreement expected to be reached in July 2026. The transaction is subject to reaching agreement and regulatory approvals. The transaction is expected to close in 2027. Announcement • Nov 09
Qantas Group Appoints Alison Watkins as an Independent Non- Executive Director The Qantas Group announced the appointment of Alison Watkins as an independent Non- Executive Director, as part of further renewal of its Board. Ms. Watkins brings deep experience as a senior executive and Director across a range of industries including manufacturing, retail, financial services, agriculture and consumer goods. She is currently a member of the Reserve Bank Monetary Policy Board, a Director of CSL, Wesfarmers and Chancellor of the University of Tasmania. Prior to that, her senior executive roles included Group Managing Director of Coca-Cola Amatil Limited, where she was responsible for operations in Australia, New Zealand, Indonesia and the South Pacific, and Managing Director and CEO of Graincorp Limited. Announcing the appointment, Qantas Group Chairman John Mullen said Ms. Watkins' skills and experience will add to the diverse skills and experience of the other Directors when she joins the Board in early March 2026. Alison Watkins - Career Summary: Recent Non-Executive Roles: PGA of Australia - Non-Executive Director (2022 - Present), University of Tasmania - Chancellor (2021 - Present), CSL - Non-Executive Director & Chair Audit & Risk Committee (2021 - Present), Wesfarmers - Non-Executive Director (2021 - Present), Reserve Bank of Australia Board Member (2020 - 2025) and Monetary Policy Board Member (2025 - Present), Business Council of Australia - Board Member (2016 - 2021), Centre for Independent Studies - Board Member (2011 - 2024), Australian Institute of Company Directors - Board Member (2009 - 2011), ANZ Bank - Non-Executive Director (2008 - 2014), Woolworths Australia - Non-Executive Director (2007 - 2010). Recent Executive Roles: Coca-Cola Amatil - Group Managing Director (2014 - 2021), GrainCorp - Chief Executive Officer /Managing Director (2010 - 2014), Bennelong Group - Chief Executive Officer (2008 - 2010), Mrs. Crocket's Kitchen - Executive Chairman (2006 - 2007), Berri Limited - Chief Executive Officer & Director (2002 - 2005), ANZ Bank - Various roles (1999 - 2002), McKinsey & Company - Various roles (1989 - 1998). Announcement • Sep 26
Qantas Airways Limited, Annual General Meeting, Nov 07, 2025 Qantas Airways Limited, Annual General Meeting, Nov 07, 2025. Location: lawson ballroom, amora hotel brisbane, 200 creek street, brisbane queensland 4000 Australia Announcement • Sep 09
Qantas Airways Limited to Report Fiscal Year 2026 Results on Aug 27, 2026 Qantas Airways Limited announced that they will report fiscal year 2026 results on Aug 27, 2026 Announcement • Sep 01
Qantas Airways Limited Appoints of Kate Towey as a Company Secretary, Effective 01 September 2025 Qantas Airways Limited advised of the appointment of Kate Towey, Qantas Group General Counsel and Company Secretary, as a Company Secretary, effective 01 September 2025. In accordance with ASX Listing Rule 12.6, Kate Towey is nominated as an additional person responsible for communication with the ASX in relation to Listing Rule matters. Announcement • Jun 11
The Qantas Group to Close Jetstar Asia The Qantas Group announced a strategic restructure which supports its historic fleet renewal program and strengthens its core businesses in Australia and New Zealand. Closure of Jetstar: Asia Jetstar Asia, the Group's Singapore-based low-cost subsidiary, has faced growing challenges in recent years and the decision has been made, together with majority shareholder Westbrook Investments, to close the airline. Despite delivering exceptional customer service and operational reliability; Jetstar Asia has been impacted by rising supplier costs, high airport fees, and intensified competition in the region. This has fundamentally challenged the low-cost airline's ability to deliver returns comparable to the stronger performing core markets in the Group. The airline is expected to post a $35 million underlying EBIT loss this financial year, prior to the closure decision. Jetstar Asia will continue to operate flights for the next seven weeks on a progressively reduced schedule, before its final day of operation on 31 July 2025. The closure of Jetstar Asia only impacts the intra-Asia routes operated by the airline from its base in Singapore. It does not impact Jetstar Airways' domestic and international operations in Australia and New Zealand or Jetstar Japan. Jetstar Airways will continue to fly from Australia into Asia including to all its popular destinations across Singapore, Thailand, Indonesia, Vietnam, Japan and South Korea. Jetstar Asia customers with existing bookings on cancelled flights will be offered full refunds and the Group will look to reaccommodate customers onto other airlines where possible. All affected Jetstar Asia employees will be provided redundancy benefits as well as employment support services. Qantas is also actively working to find job opportunities across the Group and with other airlines in the region. Singapore remains a critical hub for the Qantas Group as its third largest international airport. Qantas also offers connections from Singapore through nearly 20 codeshare and interline partners to a variety of destinations across Asia. With the support of Qantas, Jetstar Asia will continue to meet its financial obligations to suppliers, employees and customers. Reported Earnings • Aug 29
Full year 2024 earnings released: EPS: AU$0.76 (vs AU$0.96 in FY 2023) Full year 2024 results: EPS: AU$0.76 (down from AU$0.96 in FY 2023). 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. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Aug 29
Qantas Airways Limited (ASX:QAN) announces an Equity Buyback for AUD 400 million worth of its shares. Qantas Airways Limited (ASX:QAN) announces a share repurchase program. Under the program, the company will repurchase up to AUD 400 million worth of its shares. The program is valid till June 30, 2025. As of August 29, 2024, the company has 1,629,460,976 shares in issue. Announcement • Jun 14
Qantas Airways Limited (ASX:QAN) agreed to acquire remaining 49% stake in Tripadeal Pty Ltd for approximately AUD 210 million. Qantas Airways Limited (ASX:QAN) agreed to acquire remaining 49% stake in Tripadeal Pty Ltd for approximately AUD 210 million on June 13, 2024. Upon completion, Qantas Airways Limited will own 100% stake in Tripadeal Pty Ltd. The expected completion of the transaction is June 21, 2024 to June 30, 2024. Board Change • May 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director John Mullen was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 23
First half 2024 earnings released: EPS: AU$0.52 (vs AU$0.54 in 1H 2023) First half 2024 results: EPS: AU$0.52 (down from AU$0.54 in 1H 2023). Revenue: AU$11.1b (up 12% from 1H 2023). Net income: AU$873.0m (down 13% from 1H 2023). Profit margin: 7.8% (down from 10% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Feb 22
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 56% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (56% accrual ratio). Minor Risk High level of debt (2,869% net debt to equity). Buy Or Sell Opportunity • Feb 03
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to €3.47. The fair value is estimated to be €2.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 2.1% per annum over the same time period. Announcement • Oct 16
The Qantas Group Announces Executive Changes The Qantas Group announced two changes to its senior management team, with the appointment of a Chief People Officer and the resignation of its Loyalty CEO. LOYALTY CEO: Ms Wirth has been the CEO of Qantas Loyalty, which encompasses the airline's 15 million member Frequent Flyer program, since 2018. Having overseen significant growth in the business during that time, she will leave in February 2024 to pursue other opportunities. Under Ms Wirth's leadership, Loyalty expanded its presence in hotels, holidays, insurance and financial services, as well as adding 3 million members and delivering record earnings. Over her 14 years at Qantas, Ms Wirth has made a tremendous contribution in a number of senior roles, including Chief Customer Officer and Group Executive for Brand, Marketing and Corporate Affairs. CHIEF PEOPLE OFFICER: As flagged in June 2023, the revised Qantas Group management team structure includes a dedicated role of Chief People Officer, reporting to the Group CEO. After an extensive search, Catherine Walsh has been appointed to this role and will bring 25 years' experience in human resources and industrial relations across similarly large and complex organisations, including Australia Post, Downer and Spotless. Most recently, she has been a member of the new leadership team driving cultural change at PWC. In this new role, Ms Walsh will help drive a stronger relationship between Qantas and its 25,000 employees, as well as with the unions that represent them. This function will also help lead the recruitment of thousands of new roles across the Group in coming years as it takes delivery of new aircraft and returns to growth. Ms Walsh will start in January 2024. Announcement • Oct 11
Qantas Announces Board Retirements The Qantas Board announced plans for board renewal in recognition of the reputational issues facing the Group and to support restoration of trust in the company. Chairman Richard Goyder will retire prior to the Annual General Meeting (AGM) in late 2024. As announced in May, non-executive director Michael L'Estrange will retire at this year's AGM on 3 November 2023. To facilitate further renewal, Jacqueline Hey and Maxine Brenner will retire at the Qantas half-year results in February 2024 after 10 years of service. Announcement • Sep 27
Qantas Airways Limited Announces Resignation of Richard Goyder as Chairman Qantas Airways Limited announced that chairman Richard Goyder's resignation and placed the rest of the airline's board on notice as concerns grow among furious investors over the mounting cost of legal battles and reputational damage. The Australian Shareholders' Association (ASA) said Mr. Goyder's time as Qantas chairman needed to end in the wake of the ACCC's legal action over ghost flights, a High Court ruling over illegally sacked workers, and the fallout from the airline's final multi-million dollar payout to former CEO Alan Joyce. Last week Mr. Goyder told the ABC that he had the backing of the airline's biggest shareholders and its board. Qantas' board is comprised of 10 members. In addition to Mr. Goyder and CEO Vanessa Hudson are Maxine Brenner, Jacqueline Hey, Belinda Hutchinson, Michael L'Estrange, Doug Parker, Todd Sampson, Heather Smith and Antony Tyler. Reported Earnings • Sep 21
Full year 2023 earnings released: EPS: AU$0.96 (vs AU$0.46 loss in FY 2022) Full year 2023 results: EPS: AU$0.96 (up from AU$0.46 loss in FY 2022). Revenue: AU$19.8b (up 118% from FY 2022). Net income: AU$1.75b (up AU$2.61b from FY 2022). Profit margin: 8.8% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Available seat kilometres (ASK): 117.26b (up 132% from FY 2022). Passenger load factor: 83.3% (up from 67.9% in FY 2022). Total aircraft: 336 (up by 14 from FY 2022). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Sep 14
Australia's Highest Court Finds Qantas Illegally Fired 1,700 Ground Staff Qantas Airways lost its challenge to a court ruling on Wednesday that the Australian flag carrier had illegally fired 1,700 baggage handlers, cleaners and other ground staff at the height of pandemic travel disruptions. Seven High Court judges unanimously rejected Qantas’ appeal against a Federal Court full-bench decision. That court upheld a Federal Court judge’s ruling that the sacking of Qantas staff at 10 Australian airports in 2020 was illegal. The ruling is another major blow for the airline which Australia’s consumer watchdog is suing for more than 250 million Australian dollars ($160 million) for allegedly selling thousands of tickets mid-2022 for flights that already been canceled. Australian Competition and Consumer Commission initiated the Federal Court lawsuit two weeks ago for what it considers Australia’s most serious-ever breach of consumer law. Announcement • Sep 07
Qantas Reportedly Grounded for Deals Like Ticketek as Funds Focus on Rebuilding Trust The sale process for Ticketek (Ticketek Pty Ltd) owner TEG Group (TEG Pty Limited) appears to have stalled, but even if it were going ahead, a deal may now look more tricky for beleaguered national carrier Qantas Airways Limited (ASX:QAN). As the controversy surrounding Qantas hit fever pitch on 05 September 2023, with the departure of Chief Executive Officer Alan Joyce brought forward, market observers believe the way forward for Qantas now is to repair its reputation among its customers. It is likely to mean any spending on acquisitions will be stalled, and funds will instead be directed at flight specials to win back the loyalty of its customers, rewards and marketing. Qantas was partnering with Kohlberg Kravis Roberts (KKR & Co. Inc. (NYSE:KKR)) in a quest to buy TEG Group, which would have been highly complementary to its Qantas Frequent Flyer program. The understanding was that Qantas was only ever looking to contribute a small amount of equity or else provide simply strategic benefits on a deal for KKR, but nevertheless, future spending on acquisitions for this business in the coming months will not be seen as a good look. The understanding is that the Jefferies-advised sale process for TEG that was launched in recent months is now drifting sideways, with the two main contenders, Blackstone and KKR-Qantas duo, both having downed pens. The problem is that while suitors would likely be prepared to pay more than $2 billion for the company, expectations of owner Silver Lake (Silver Lake Technology Management, L.L.C.) are somewhere between $2.5 billion to $3 billion. Reported Earnings • Aug 24
Full year 2023 earnings released: EPS: AU$0.96 (vs AU$0.46 loss in FY 2022) Full year 2023 results: EPS: AU$0.96 (up from AU$0.46 loss in FY 2022). Revenue: AU$19.8b (up 118% from FY 2022). Net income: AU$1.75b (up AU$2.61b from FY 2022). Profit margin: 8.8% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 07
CEO, MD & Executive Director recently sold €10m worth of stock On the 1st of June, Alan Joyce sold around 3m shares on-market at roughly €4.13 per share. This transaction amounted to 92% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Alan's only on-market trade for the last 12 months. Announcement • May 23
Qantas Airways Limited Announces Board Changes The Qantas Group has announced two changes to its Board, as the national carrier continues to focus on renewal. Former American Airlines CEO and Chairman, Doug Parker, will join the Qantas Board, bringing more than 35 years of aviation experience gained in one of the world's most dynamic aviation markets. In November, long-serving Qantas Director Michael L'Estrange AO will retire from the Board at the expiry of his current term, having made a substantial contribution over more than seven years. Announcing the changes, Qantas Chairman Richard Goyder said the changes would help maintain the depth and breadth of experience on the Board, as the Group entered the next phase in its history. While Mr. Parker was CEO of American Airlines, its relationship with Qantas expanded significantly as the two carriers formed a joint business to serve passengers better. Mr. Parker will sit on the Board from May 22, 2023 ahead of a shareholder vote at the company's 2023 Annual General Meeting on 3 November. Current non-executive director, Michael L'Estrange, will retire at the AGM after three terms. Following the November AGM, Qantas will have an eight member board, consisting of four women and four men. Doug Parker: Career Summary: 1986 1991 American Airlines (various financial management positions); 1991 1995 North West Airlines (Vice President, Assistant Treasurer and Vice President of Financial Planning and Analysis); 1995 2005 America West Airlines (Chief Financial Officer; appointed Chief Executive Officer in 2001); 2005 2013 US Airways (Chief Executive Officer); 2013 2021 American Airlines (Chief Executive Officer). Mr. Parker holds a Bachelor of Arts degree in economics from Albion College and a Master of Business Administration degree from Vanderbilt University. Announcement • May 04
Qantas Airways Limited Announces CEO Changes Qantas Airways Limited named Vanessa Hudson as its first woman chief executive, replacing the cost-cutting Irish-Australian Alan Joyce. Hudson, who has been in Qantas' executive ranks for nearly three decades, will remain in her role as chief financial officer until then. Reported Earnings • Feb 24
First half 2023 earnings released: EPS: AU$0.54 (vs AU$0.24 loss in 1H 2022) First half 2023 results: EPS: AU$0.54 (up from AU$0.24 loss in 1H 2022). Revenue: AU$9.91b (up 222% from 1H 2022). Net income: AU$1.00b (up AU$1.46b from 1H 2022). Profit margin: 10% (up from net loss in 1H 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Tony Tyler was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 26
Full year 2022 earnings released: AU$0.46 loss per share (vs AU$0.92 loss in FY 2021) Full year 2022 results: AU$0.46 loss per share (up from AU$0.92 loss in FY 2021). Revenue: AU$9.11b (up 54% from FY 2021). Net loss: AU$860.0m (loss narrowed 50% from FY 2021). Over the next year, revenue is forecast to grow 93%, compared to a 75% growth forecast for the Airlines industry in Germany. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Tony Tyler was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 26
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: AU$0.24 loss per share (up from AU$0.56 loss in 1H 2021). Revenue: AU$3.07b (up 32% from 1H 2021). Net loss: AU$456.0m (loss narrowed 57% from 1H 2021). Revenue missed analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 83%, compared to a 161% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 26
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: AU$0.24 loss per share (up from AU$0.56 loss in 1H 2021). Revenue: AU$3.07b (up 32% from 1H 2021). Net loss: AU$456.0m (loss narrowed 57% from 1H 2021). Revenue missed analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 83%, compared to a 161% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Board Change • Nov 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. Independent Chairman Richard James Goyder was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Is New 90 Day High Low • Mar 09
New 90-day high: €3.34 The company is up 4.0% from its price of €3.22 on 09 December 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Airlines industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.15 per share. Reported Earnings • Feb 27
First half 2021 earnings released: AU$0.57 loss per share (vs AU$0.29 profit in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and control over costs. First half 2021 results: Revenue: AU$2.33b (down 75% from 1H 2020). Net loss: AU$1.08b (down 343% from profit in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue beats expectations Revenue exceeded analyst estimates by 42%. Over the next year, revenue is forecast to grow 31%, compared to a 32% growth forecast for the Airlines industry in Germany. Is New 90 Day High Low • Nov 16
New 90-day high: €3.24 The company is up 45% from its price of €2.24 on 18 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.86 per share. Is New 90 Day High Low • Oct 24
New 90-day high: €2.74 The company is up 23% from its price of €2.22 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.60 per share. Is New 90 Day High Low • Sep 29
New 90-day high: €2.54 The company is up 6.0% from its price of €2.40 on 01 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is down 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.46 per share. Reported Earnings • Sep 20
Full year earnings released - €1.30 loss per share Over the last 12 months the company has reported total losses of AU$1.96b, with earnings decreasing by AU$2.80b from the prior year. Total revenue was AU$14.3b over the last 12 months, down 21% from the prior year.