Qantas passengers jump 6.7% in October
Qantas Airways Limited (QAN) reported a 6.7% jump in passengers for the month of October to 3.679 million passengers, against the corresponding month last year. The airline reported revenue per kilometre was up by 3.2%, while Available Seat Kilometres fell 1.1%, resulting in revenue seat factor – a key measure of profitability for the airline – increased 3.4% to 83.3%.
Over the financial year to October 2009, group passenger numbers were up 6.2%.
Qantas reported domestic yield, excluding foreign exchange for the financial year to October was down 10.2%, while international yields, again excluding foreign exchange, was 24.2% lower than the corresponding period last year.
Qantas said it had hedged 85% of its expected fuel requirement in 2009/10 at a worst-case crude oil price of US$88 per barrel including option premium.
”At current rates, Qantas has 78% participation in falling oil prices for the remainder of the year,” the company said.
At 1039 AEDT Qantas shares were up 6c to $2.66.
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