Qantas

← Back to document page

Qantas Annual Report 2021Financial Snapshot 02Five-year History 03Keeping the Spirit of Australia flying 04Chairman s Message 06CEO s Message 08Board of Directors 10Review of Operations 14Condensed Corporate Governance Statement 29Directors Report 31Financial Report 65Shareholder Information 141Financial Calendar and Additional Information 142Cover image: Qantas employees who operated flights to repatriate Australians and to carry essential freight during the ANNUAL REPORT 2021 Contents011 Refer to the Review of Operations section in the Qantas Annual Report 2021 for definitions and explanations of non-statutory measures. Unless otherwise stated, amounts are reported on an underlying DOMESTIC F LY ING C A SH POSITIVE30%INCREASE IN FREQUENT FLYER DOMESTIC FLIGHT REDEMPTIONS IN 2H21 COMPARED WITH PRE-COVID LEVELS46NEW DOMESTIC ROUTES ANNOUNCED SINCE THE PANDEMIC BEGAN($ ) billionUNDERLYING LOSS BEFORE TAX$267 million NET FREE CASH FLOW 2H21$650 millionANNUALISED STRUCTURAL COST BENEFITS DELIVERED $ billionTOTAL LIQUIDITY($ ) billionSTATUTORY LOSS BEFORE TAX $4

2 2019 has been restated for the impact of the adoption of AASB 16 Leases and the IFRIC agenda decision in relation to fair value hedges. 2018 has been restated for the impact of AASB 15 Revenue from Contracts with Customers, however 2017 continues to be reported under previous accounting standards.

  Revenue, Aasb