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Qantas posts almost $1.4bn half-year profit

written by Jake Nelson | February 27, 2025

Victor Pody shot this Qantas 737-800 and A380 in Melbourne.

Qantas Group has posted a pre-tax profit of $1.39 billion for the first half of the 2025 financial year, an increase of 11 per cent.

The Flying Kangaroo has credited its “dual-brand” strategy for the result, with travel demand strong across all passenger segments and a record number of Jetstar customers.

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Qantas Group domestic and international revenue were each up 5 per cent, with Jetstar’s domestic earnings up 54 per cent; the low-cost brand also increased its international capacity to and from Australia by 26 per cent.

Vanessa Hudson, chief executive of Qantas, said: “With a growing fleet of new aircraft, Jetstar went from strength to strength delivering a better experience for customers and an improved financial performance. Importantly, Jetstar was able to help more Australians take a holiday for less.”

“Qantas Domestic revenue grew strongly and, like Jetstar, will see significant benefits as its fleet renewal ramps up, starting with the arrival of the A321XLR in the coming months.

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“We’re seeing progress from the investments we are making for our customers and people but we know there’s more work to do to consistently deliver in the moments that matter. This is a key part of rebuilding trust and continues to be our focus.

“Australians have always loved to travel and continue to prioritise it over other spending options. Looking forward, we continue to see intention to travel from leisure and corporate customers remaining high.”

The results come as Qantas continues its fleet renewal program, which has seen Jetstar accept its first two A320neos, while QantasLink is replacing its smaller Dash 8 aircraft with mid-life Q400s.

“[Jetstar] benefitted from the introduction of eight new aircraft in the half with six A321LRs and two A320neos joining the fleet. This enabled Jetstar’s capacity to grow by 8 per cent and offer more flights to a growing network of destinations, and more low fares,” the company said.

“The Group will continue to invest in its fleet with seven new aircraft expected to arrive in the second half of this financial year, including the arrival of Qantas’ first A321XLR, which is now expected in June, two A220s and four additional Jetstar aircraft. Looking forward, customers will benefit from a significant upgrade of Qantas’ 737 cabins.

“The Group has seen higher costs in the half as a result of increases in airport passenger and security charges. Airlines globally are continuing to experience supply chain issues, with QantasLink’s regional fleet most affected. This will ease with the retirement of older Q300 and Q200 aircraft.”

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