Particle.news

Download on the App Store

Qantas Posts A$1.6 Billion Profit, Boosts Dividends and Orders 20 More A321XLRs as Shares Hit Record

The rebound comes despite recent court-ordered penalties alongside a disclosed cyber breach.

Overview

  • Full-year net profit rose 28% to A$1.61 billion, with underlying profit before tax at about A$2.39–A$2.4 billion on revenue up 8.6%.
  • Shareholders will receive a 16.5c final dividend and a 9.9c special payout, delivering the largest full-year ordinary dividend in 17 years.
  • Qantas placed an order for 20 additional Airbus A321XLRs, taking the program to 48, with the first two aircraft entering domestic service in mid-September.
  • Shares jumped to record highs after the results, as Qantas guided to modest unit revenue growth in the December half and highlighted steady travel demand.
  • Jetstar delivered standout performance with a ~55% earnings surge and a record 16 million domestic passengers, supported by fleet renewal.