Dec 3 (Reuters) - Qantas Airways Ltd QAN.AX :
* QANTAS GROUP MARKET UPDATE
* GROUP DOMESTIC CAPACITY AT 68 PER CENT OF PRE-COVID LEVELS FOR DECEMBER,
* RESTRUCTURING AND RECOVERY PROGRAM REMAINS ON TRACK TO DELIVER AT LEAST $1 BILLION IN ANNUAL SAVINGS FROM FY23
* AS AT 30 NOVEMBER 2020, GROUP HAD $3.6 BILLION IN AVAILABLE LIQUIDITY
* EXPECTS TO BE CLOSE TO BREAK EVEN AT UNDERLYING EBITDA LEVEL FOR FIRST HALF
* EXPECTS TO BE CLOSE TO BREAK EVEN AT UNDERLYING EBITDA LEVEL FOR H1 AND NET FREE CASH FLOW POSITIVE IN H2
* NUMBER OF FULL TIME EQUIVALENT ROLES STOOD UP EXPECTED TO INCREASE TO AROUND 14,000 IN QUARTER THREE
* EXPECTS ITS CURRENT DOMESTIC MARKET SHARE OF ABOVE 70 PER CENT TO BE MAINTAINED
* CURRENTLY, APPROXIMATELY 13,500 ROLES REMAIN STOOD DOWN
* FACING A REVENUE DROP OF AT LEAST $11 BILLION THIS FINANCIAL YEAR ALONE COMPARED TO PRE- COVID
* FURTHER 24 FLIGHTS, COMPRISING OF 787 DREAMLINERS, EXPECTED TO ENTER SERVICE IN DEC AND JAN
* NET DEBT HAS RISEN TO $5.9 BILLION AS AT 30 NOV FROM $4.7 BILLION AT 30 JUNE Source: https:// Further company coverage: QAN.AX