Top airline Qantas Airways Ltd
(ASX:QAN) says total group passenger numbers increased 4.6 per cent in July compared to the same period last year.
The Qantas group consists of; Qantas Domestic, QantasLink, Jetstar Domestic, Qantas International and Jetstar International.
Total domestic yield excluding foreign exchange for the financial year to July 2009 was 12.3 per cent lower compared to the same period last year, with total international yield decreasing 21.4 per cent.
The airline also says it has hedged 80 per cent of its expected fuel requirement in 2009/2010 at a worst-case crude oil price of US$89 per barrel.
On August 19 Qantas announced net profit for the year of $117 million down 88 per cent on the year before and announced plans to cut costs by $1.5 billion over the next three years.
Looking back over the past five years, Qantas’ best net profit was in 2008 recording close to $1 billion.
