The economic contribution of the Qantas Group to Australia

Analysis

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

Measuring Qantas Group's role in the national economy

Deloitte Access Economics has completed an economic study for Qantas Australia of their contribution to the Australian economy in FY 2017. This updates previous work from FY 2016 and FY 2015.

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

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 both passengers and freight.

Deloitte Access Economics was commissioned by the Qantas Group to undertake an economic study of the contribution of the Qantas Group (which includes Qantas, Jetstar and Qantas Freight) to the Australian economy in financial year (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 2016–17. The total economic contribution of the Qantas Group represents 0.7% of Gross Domestic Product (GDP) in Australia. Considering solely the direct contribution, the operations of the Qantas Group represents 0.4% of GDP.

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, the additional total value added to the Australian economy associated with the role of the Qantas Group in facilitating tourism in FY17 is estimated to be $10.7 billion.

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

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 Qantas Group’s business units of Qantas, Jetstar and Qantas Freight.

Combining the direct and indirect measures, the total economic contribution of Qantas Group to the Australian economy for 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.

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