Qantas earnings for H124 were 13% lower than the same period in FY23 as fares and capacity continue to normalise.
Statutory profit after tax for the period was $869 million, also down 13%, while statutory earnings per share also dipped by 4% to 52 cents.
Among future investments outlined in its latest report, Qantas said new A220 aircraft interiors, an accelerated rollout of wi-fi on international flights, and a major upgrade to its digital platform will be chief objectives.
“Having the financial strength to keep investing is key and that makes the strong performance that all business units had in the first half so important,” Qantas Group CEO Vanessa Hudson said.
Qantas also confirmed that manufacturing delays will mean bumping back its highly anticipated Project Sunrise launch by six months to mid-2026 as it seeks to source the necessary A350s to operate ultra-long-haul routes.
Eight extra A321XLRs are also on order for Qantas Domestic operations.
More details in today’s issue of Travel Daily.