Announcement also includes a $500 million share buy-back, a new director, sale fares and a major Qantas points promotion.
Qantas has this morning released its financial results for the year to 30 June, including an underlying profit before tax of $2.47 billion – the company’s first full-year profit since the COVID-19 pandemic.
CEO Alan Joyce said the results “show a substantial turnaround in both our finances and service over the past year…flight delays and cancellations have largely returned to pre-COVID levels and we’ve shifted from heavy losses to a strong profit and pipeline of investment worth billions of dollars”.
Qantas Group today confirmed a firm order for 12 Boeing 787s and 12 Airbus A350s for delivery starting in FY27 and continuing into the next decade. “These aircraft will replace the bulk of the current A330 fleet, with purchase right options stretching out until at least FY37 to provide flexibility for future growth and, ultimately, replacement of the A380 fleet,” the announcement stated.
The company has appointed Dr Heather Smith, former Secretary of the Department of Industry, Innovation and Science, as a non-executive Director, while previously announced employee bonuses of up to $6,000 in QAN shares will vest today along with an extra $500 staff travel credit.
Qantas also announced a “thank you” to customers via a major fare sale and the opportunity for frequent flyers to share in over 1 billion in loyalty bonus points.
More details in today’s issue of Travel Daily.