Aug 20 (Reuters) - Qantas Airways Ltd QAN.AX :
* RECOGNISED $571 MILLION OF DE-DESIGNATED HEDGE LOSSES IN FY20 STATUTORY RESULT
* GIVEN CURRENT BORDER RESTRICTIONS, 20 PER CENT OF PRE-COVID GROUP DOMESTIC CAPACITY IS SCHEDULED FOR AUGUST
* EXPECTING A SIGNIFICANT UNDERLYING LOSS IN FY21
* IN QANTAS FREIGHT DOMESTIC DEMAND EXPECTED TO REMAIN STRONG DUE TO GROWTH IN E-COMMERCE
* IN DOMESTIC BUSINESS, RECENT SALES ACTIVITY SHOWS HIGH LEVELS OF LATENT TRAVEL DEMAND WHEN RESTRICTIONS ARE EASED
* AROUND 4,000 OF AT LEAST 6,000 REDUNDANCIES EXPECTED TO BE FINALISED BY END-SEPTEMBER 2020, WITH CONTINUED UNION CONSULTATION
* AS AT 30 JUNE 2020, NET DEBT WAS $4.7 BILLION
* INTERNATIONAL NETWORK UNLIKELY TO RESTART BEFORE JULY 2021; POSSIBLY EARLIER FOR TRANS TASMAN
* IN QANTAS FREIGHT STRONG INTERNATIONAL FREIGHT DEMAND EXPECTED TO CONTINUE BUT NOT AT PEAK LEVELS SEEN IN 4Q20
* ONGOING STAND DOWN OF AROUND 20,000 EMPLOYEES, ENABLING RETENTION OF CORE SKILLS UNTIL WORK RETURNS
* LOYALTY EXPECTED TO CONTINUE STRONG CASH FLOW CONTRIBUTION IN FY21
* "AT LEAST 6,000 OF OUR PEOPLE WILL LEAVE BUSINESS THROUGH NO FAULT OF THEIR OWN, AND THOUSANDS MORE WILL BE STOOD DOWN FOR A LONG TIME"
* SIGNIFICANT FURTHER CAPITAL EXPENDITURE REDUCTIONS ARE FORECAST IN FY21