The economic and social contribution of Qantas in FY 2019

The economic contribution of the Qantas Group to Australia in FY 2019

As the national carrier, Qantas plays a key role in the Australian economy, both as an employer and as a provider of transport services for passengers and freight.

Deloitte Access Economics was commissioned by the Qantas Group to assess the contribution of the Qantas Group (which includes Qantas, Jetstar and Qantas Freight) to the Australian economy in FY 2019.

The report finds  that the Qantas Group contributed an estimated $12.8 billion in total value added and 55,312 FTE jobs directly and indirectly to the Australian economy in FY 2019. The total economic contribution of the Qantas Group represented 0.7% of Gross Domestic Product (GDP) in Australia. Considering solely the direct contribution, the operations of the Qantas Group represented 0.4% of GDP.

The Qantas Group also plays a vital role in facilitating tourism activity through the transport of tourists to and around Australia. Combining the expenditure of both domestic and international tourists who travel on Qantas and Jetstar, this expenditure is estimated to contribute $13.1 billion in total value added to the Australian economy and support 106,005 FTE jobs.

The Qantas Group also makes a significant contribution to regional Australia. The activities of the Qantas Group is estimated to have contributed 5,879 jobs and $1.6 billion in total value added to regional Australia in FY 2019.

The economic contribution of the Qantas Group to Australia in FY 2017

Deloitte Access Economics has estimated that the Qantas Group contributed $11.6 billion in total value added and 56,414 FTE jobs directly and indirectly to the Australian economy in FY 2017. The total economic contribution of the Qantas Group represents 0.7% of Gross Domestic Product (GDP) in Australia.

Combining the expenditure of both domestic and international tourists who travel on Qantas and Jetstar, the additional total value added to the Australian economy associated with the role of the Qantas Group in facilitating tourism in FY 2017 is estimated to be $10.7 billion.

The economic contribution of the Qantas Group to Australia in FY 2016

This contribution analysis is an update of a study completed for FY 2015. This contribution is modelled at the national level and reported in terms of value-add and employment (FTEs). Similar to the previous report, values have been disaggregated across the Qantas Group’s business units of Qantas, Jetstar and Qantas Freight.

Combining the direct and indirect measures, the total economic contribution of the Qantas Group to the Australian economy in FY 2016 was $11.5 billion. As a share of Australian GDP, this represents 0.7% of total economic activity in Australia. This is a significant share for a single firm, with the direct economic contribution of the Qantas Group being similar to the direct value added by industries such as broadcasting and rail transport.