Quantas released that total revenue for the half-year increased 10% from $6,909 million to $7,591 million. Qantas reported an Underlying Profit Before Tax (Underlying PBT) of $417 million for the half-year ended 31 December 2010, an increase of 56 % on the prior corresponding period of $267 million. Average yields, excluding foreign exchange (FX) movements, increased by 7% reflecting the continued improvement in premium business following the global financial crisis. Capacity increased 7% following the addition of 22 aircraft to the Group fleet between 31 December 2009 and 31 December 2010.
The Group’s revenue performance has been supported by maintaining the Group’s target of 65% share of the domestic Australian market, industry leading on time performance, and continued efforts to improve and ensure customer safety and satisfaction. Qantas Frequent Flyer’s record result has been built on continuing robust growth in members and program affiliates.
