The Qantas Airways Limited (ASX: QAN) share price closed up 2.23% yesterday, finishing the day at $5.50 per share.
The S&P/ASX 200 Index (ASX: XJO) made up some lost ground as well, closing up 0.35%.
It’s been almost 4 weeks ago now since the airline reported its full 2021 financial year (FY21) results.
Those 4 weeks have seen Australia’s COVID vaccination numbers surge. And Qantas now says it intends to relaunch international flights for the upcoming Christmas holidays, giving the Qantas share price a welcome tailwind.
With developments like this in mind, we take a look at how the airline has performed since reporting, along with a brief recap of those results.
What did the ASX 200 travel share report for FY21?
Investors were keeping a close eye on the Qantas share price on 26 August, when the company reported its FY21 results before market open.
Among the key metrics, Qantas’ full-year revenue of $5.9 billion took a reported $12 billion hit as the resurgent coronavirus saw international and many domestic Aussie borders remain closed.
Qantas reported a statutory loss before tax of $2.35 billion and underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) of $410 million. EBITDA was in line with the company’s guidance.
The airline did not pay a final or interim dividend during the financial year.
Commenting on the results and outlook, Qantas’ CEO Alan Joyce said:
Despite the uncertainty that’s still in front of us, we’re in a far better position to manage it than this time last year. We’re able to move quickly when borders open and close. We’re a leaner and more efficient organisation. And our requirement for all employees to be vaccinated will create a safer environment for our people and customers.
How has the Qantas share price performed since reporting?
Investors appear to have been prepared for the airline’s revenue plunge and multibillion-dollar statutory loss before tax.
The Qantas share price gained 3.5% on the day it reported. Since the opening bell on 26 August, the day of reporting, Qantas shares have gained 13%.
By comparison, the ASX 200 is down 4% over that same time.