Australia’s Qantas Group has reported an underlying profit before tax of AUD $1.39 billion (USD $882 million), for the six months that ended December 31, 2024. This is an 11% increase compared to the same period in the previous fiscal year. 

In its financial results for the first half of FY25 released on February 27, 2025, Qantas Group noted that both corporate and leisure travel demand continued to grow. This led to an Underlying EBIT of AUD $916 million (USD$581.80 million) for Group Domestic, with a 5% increase in unit revenue. Additionally, Group International earnings grew by 5%, resulting in an Underlying EBIT of AUD$497 million (USD$315.67 million). 

However, this profit is not the highest the airline has achieved. In FY24, Qantas Group reported an underlying profit before tax of AUD$2.08 billion (USD$1.32 billion) for the entire year. 

The group ended the half-year with over AUD$11.5 billion (USD$7.31 billion) in liquidity, including $2.3 billion AUD ($1.46 billion USD) in cash, AUD$1.2 billion (USD$762 million) in committed undrawn facilities, and more than AUD$8 billion (USD$5.08 billion) in unencumbered fleet.  

Qantas said that the performance was driven by the “strength of the Group’s dual brand strategy with demand for travel remaining strong across all customer segments.” 

Both Qantas and Jetstar’s domestic and international operations saw increased profitability, serving nearly 10% more customers. Premium and corporate travel remained strong for Qantas, while Jetstar carried a record number of customers and delivered a 54% increase in domestic earnings compared to the previous year. 

Leave a Reply

Your email address will not be published. Required fields are marked *