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4h ago

Qantas Net Profit Jumps 28% to $1.6 Billion as Carrier Boosts Orders and Pays Dividends

Shareholder payouts follow strong travel demand, expanded aircraft orders, provisioning for a court penalty.

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Qantas sees strong travel demand for the next six months
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Qantas says direct flights from Australia's east coast to London and New York are a step closer

Overview

  • Underlying earnings reached $2.39 billion as revenue rose 8.6% and the group carried about four million more passengers year on year.
  • Directors declared a final dividend of 16.5 cents per share and a special dividend of 9.9 cents per share.
  • Qantas ordered 20 additional Airbus A321XLRs, taking firm orders across the group to 214, with the first two XLRs set to enter service in mid-September on domestic routes and an average of one new aircraft arriving every three weeks over the next two years.
  • Project Sunrise aircraft are scheduled to enter final assembly in October 2025 with first delivery planned for October 2026 to enable nonstops from Australia’s east coast to New York and Europe.
  • The airline has provisioned in FY2025 for a Federal Court–ordered $90 million penalty over illegal outsourcing, on top of $120 million in compensation, with payment expected in FY2026.