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Qantas Profit Jumps 28% to A$1.6 Billion as It Adds 20 A321XLRs

The carrier credits resilient travel demand for a second straight year of strong earnings.

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Overview

  • Underlying profit reached about A$2.39–2.4 billion on revenue of A$23.8 billion as Qantas and Jetstar carried four million more passengers.
  • Shareholders will receive a final dividend of 16.5 cents per share plus a special dividend of 9.9 cents.
  • Qantas said it has paid the A$90 million court penalty over unlawful outsourcing during the pandemic, on top of roughly A$120 million in compensation obligations.
  • Jetstar delivered outsized earnings and passenger growth, while Qantas shut Singapore-based Jetstar Asia on July 31 and redeployed aircraft to Australia.
  • The group ordered 20 more A321XLRs, taking its total to 48, with the first two entering domestic service in mid-September and Project Sunrise A350-1000ULRs slated for final assembly in late 2025 ahead of first delivery in October 2026.