Assessment of Qantas Airways' Financial Performance in 2013 and 2018

Running Head: FINANCIAL PERFORMANCE 0
Financial Performance

FINANCIAL PERFORMANCE 1
Table of Contents
Assessment of the performance 2013........................................................................................2
Assessment of the performance 2018........................................................................................2
Similarities and recommendations.............................................................................................3
Invest or Buy..............................................................................................................................4
References..................................................................................................................................5

FINANCIAL PERFORMANCE 2
Assessment of the performance 2013
The performance of the Qantas Airways in the year 2013 was to be a turning point for the
future progress of the Qantas Airways. The operating revenues were 15155 billion and the
staff costs which is one of the critical factors for the Qantas Airways, the 24.5% of the
revenues which amounts to $38.2 million. The company also adopted the policies to improve
the cost strategies. The assets of the Qantas in the year 2013 are 17318 and the liabilities are
14456. The owner’s equity of the Qantas is 2862 with the 2% increase from the year 2012
due to the increase in the retained earnings (Shapiro, 2008).
Assessment of the performance 2018
To upgrade the performance of the Qantas Airways and to keep a competitive advantage over
the competitors the Qantas Airways introduced the new aircraft airbus A320. Qantas
achieved the profits and climbed to $607million in the first half of the financial year 2018.
The flying kangaroo posed its revenue and lifted up by 5.8 per cent to $16.67 billion. The
main gain was driven by its domestic and the budgeted flights business. The earnings from
the Qantas domestic flights went up by 20% to 442 million and Jet star’s earnings accelerated
by 17% to $320 million (Chau. 2018). Qantas as compared to the year 2013 have the assets
1% more amounting to 17222 and the liabilities has been decreased by the 5%. The
international capacity growth, high costs of the fuels and the competitive domestic market is
the reason for such kind of the performance. The airline also disclosed a tax expense of $250
million and did not pay the tax due to the utilisation of the money or the purpose of the carry
forward tax losses.