You know all those complaints about Qantas, and angry people threatening to boycott the airline?
It has made zero impact on the Qantas Group bottom line.
Qantas today announced an Underlying Profit Before Tax of $1.39 billion, an increase of 11%, and a Statutory Profit After Tax of $923 million, an increase of 6%, for the six months ended December 31, 2024.
The Australian flagship airline said the performance was driven by the strength of the Group’s dual brand strategy with demand for travel remaining strong across all customer segments.
Qantas and Jetstar’s domestic and international businesses delivered increased profitability, carrying almost 10% more customers.
Premium and corporate travel remained strong for Qantas while Jetstar carried a record number of customers in a high cost of living environment, with around one in three passengers flying on a ticket that cost less than $100.
The Group continues to invest in renewing its fleet with 11 new aircraft and five mid-life aircraft arriving in the half.
Premium and corporate travel remained strong for Qantas while Jetstar carried a record number of customers in a high cost of living environment, with around one in three passengers flying on a ticket that cost less than $100.
The Group continues to invest in renewing its fleet with 11 new aircraft and five mid-life aircraft arriving in the half.
The investment in new aircraft will be complemented by a significant cabin overhaul across existing aircraft to improve the flying experience for customers, Qantas said in a statement.
New investment announced today will see 42 Qantas Boeing 737 aircraft fitted with new cabins including next generation business and economy seats and larger overhead lockers.
“The Group’s performance highlights the benefits of having both a premium and a low fares airline and a strong loyalty program," said Qantas Group CEO Vanessa Hudson.
“With a growing fleet of new aircraft, Jetstar went from strength to strength delivering a better experience for customers and an improved financial performance. Importantly, Jetstar was able to help more Australians take a holiday for less.
“Qantas domestic revenue grew strongly and, like Jetstar, will see significant benefits as its fleet renewal ramps up, starting with the arrival of the A321XLR in the coming months.
“We’re seeing progress from the investments we are making for our customers and people but we know there’s more work to do to consistently deliver in the moments that matter. This is a key part of rebuilding trust and continues to be our focus."
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