Profit for the six months ending 31 Dec 2024 climbs $140 million compared to prior corresponding period.
Qantas has recorded a $1.38 billion Underlying Profit Before Tax, a $140 million increase on last year, but slightly down on two years earlier.
After tax, the result saw the carrier bank $923 million, which it said was impacted by a $65 million increase in legal provisions relating to its failed Federal Court case involving 1,700 illegally sacked ground handling staff from Oct 2024.
Flying operations performed well, with group domestic posting an Underlying EBIT of $647 million, led chiefly by a strong return of corporate and SME business, albeit offset by fleet renewal activity.
Group international (inclusive of freight) recorded an Underlying EBIT of $327 million, which Qantas said “performed well” in a strong demand environment.
Jetstar’s domestic operations delivered an Underlying EBIT of $269 million, supported by healthy leisure demand, while international Underlying EBIT was $170 million, again propped up by leisure and six new routes launched during the period.
Qantas said it was pleased to advise that the majority of recommendations stemming from a Governance Review Report issued in Aug 2024 had been completed, with the remainder now underway. The carrier said this work will result in “stronger governance and better outcomes for stakeholders”.
More details in today’s issue of Travel Daily.