The Qantas Group continued to deliver revenue growth in the first quarter of FY20, up 1.8% to AU$4.56 billion compared with AU$4.49 billion in the prior corresponding period. Group Unit Revenue increased 2.1% versus the prior corresponding period.
Total Group capacity was down 0.2%, driven by a 0.6% decrease for Group International, while Group Domestic increased by 0.5%, due largely to growth in the resources market.
Group International Unit Revenue increased by 4.4%. This was led by a reduction in competitor capacity as well as benefits of network and fleet changes in Qantas International, which had its own capacity decrease of 2.5% and a Unit Revenue increase of over 6%.
Protests in Hong Kong will negatively impact the Group’s first-half profit performance by AU$25 million, with ongoing capacity reduction in place to minimize the second-half impact.
