PezySPU From Croatia, joined Dec 2011, 281 posts, RR: 0 Reply 1, posted (1 year 1 month 19 hours ago) and read 1947 times:
Qantas Group made $249m in FY11 ended 30JUN11, I don't expect this to change drastically this year.
Lufthansa Group, on the other hand, made a small $17m net loss, largely attributable to BD. Since they now got rid of it and are initiating restructuring, I would be surprised it they wouldn't post profits for this year.
Sunfly From UK - Wales, joined Apr 2012, 10 posts, RR: 0 Reply 3, posted (1 year 1 month 16 hours ago) and read 1526 times:
Lufthansa expect to make a mid three figure profit this year. (I'd imagine between 300 and 600 million euros)
'In 2011, the Lufthansa Group’s revenue totalled EUR 28.7bn – an increase of 8.6 per cent on the previous year. Traffic revenue improved by 10.8 per cent to EUR 23.8bn. Overall, the Group’s operating income went up to EUR 31.2bn in the reporting period, an increase of 6.7 per cent.
Operating expenses rose by 9.3 per cent in 2011 to EUR 30.4bn. One of the main reasons was the EUR 1.3bn rise in fuel costs, which came to EUR 6.3bn in total. This represents a price and volume-driven increase of 26.4 per cent. This figure already includes a positive hedging result of EUR 694m. Fees and charges were up 15.8 per cent on 2010.
The Lufthansa Group generated an operating profit of EUR 820m in 2011, down by EUR 200m in comparison with the previous year. Altogether the net result for the period was EUR -13m. One year earlier, the Group posted a figure of EUR 1.1bn. The net loss includes a negative valuation effect from changes in the time values of hedging transactions in line with IAS 39 and the result of discontinued operations containing bmi. Earnings per share consequently came to EUR -0.03.
Lufthansa invested EUR 2.6bn in the reporting period. Of this sum, EUR 2bn went on expanding and modernising the fleet. Cash flow from operating activities came to EUR 2.4bn and free cash flow (cash flow from operating activities less net capital expenditure) to EUR 713m. At the end of 2011, the Group had net debt of EUR 2.3bn. Its equity ratio was 28.6 per cent.'
tullamarine From Australia, joined Aug 1999, 1147 posts, RR: 0 Reply 6, posted (1 year 1 month 5 hours ago) and read 1005 times:
Qantas is reporting a profit but is one of the poorest performing stocks onthe Australian Stock Exchange having lost over 60% of its value since the failed private equity bid in 2006.
Whilst it is making a small profit relative to its revenues analysts are unimpressed with the stock for a number of reasons:
- Underperforming international business that was previously the backbone of the business and is now perceived as being without a cogent strategy.
- No dividend paid to shareholders for a number of years. Dividend streams are very important in Australia due to favourable tax treatment due to franking.
- Significant capital expenditure required in future years that was originally forecast to be funded from profits. This will now need to be debt funded as capital funding is untenable given the dire share price.
- Domestic business is under attack from a revitalised Virgin Australia led by John Borghetti who many thought should have got the CEO role at QF when Geoff Dixon retired.
- Industrial relations issues are ongoing
- Most profitable part of the business is the Frequent Flyer Program. Many believe the company (and its shareholders) would be better off if this was spun off to unlock the value.
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