QANTAS today reported its full year figures for the period to 30th June 2014. QANTAS reported a Statutory Loss of A$2.84 billion compared to a Statutory Profit of A$6 million last year. This loss included a A$2.56 billion impairment relating to aircraft and engines leaving an operating loss of A$646 million. QANTAS Domestic showed a profit of A$30 million, down from A$365 million last year. QANTAS International showed a loss of A$497 million, up from A$246 million last year. As this is the first full year of accounts since the inception of the QANTAS/Emirates partnership, which was touted as the answer to QANTAS International’s woes, this has to be regarded as a huge disappointment. JetStar recorded a loss of A$110 million, against a profit of A$138 million last year. This included a loss of A$40 million from Jetstar Asia, but did not specify figures from Jetstar Japan or the still to be launched Jetstar Hong Kong. QANTAS Frequent Flyer reported A$286 million profit, up from a A$260 million profit last year. QANTAS Freight reported an A$24 million profit, down from A$36 million last year.