Profit and revenue both improve for Qantas in FY2025.
Qantas Group has delivered an impressive $1.6 billion statutory profit after tax for the latest financial year, improving significantly on the $1.25 billion recorded in the previous year.
Revenue also climbed from $21.93 billion to $23.82 billion year-on-year.
The carrier used the reporting platform this morning to announce an additional 20 Airbus A321XLR aircraft have been ordered, which will include the introduction of lie-flat business-class seats on its narrowbody aircraft for the first time.
Project Sunrise has also been delayed once again, with the carrier now targeting a Q4 2027 launch date, previously flagged for introduction in early 2027.
Qantas Group unveiled a new employee share plan as well, which will see eligible non–executive employees receive $1,000 in Qantas shares on an annual basis, subject to the Group’s financial performance.
Additional insights from the latest investor report include further lounge development at SYD, AKL, and LAX, a greater investment in baggage solutions, enhancement of first-class dining experiences, and confirmed cabin refreshes for its A330s (first aircraft into service from 26 February), and then Jetstar B787s from 26 April.
More details in today’s issue of Travel Daily.