Qantas Reports 28% Profit Rise on Strong Global Travel Demand

Qantas Airways reported a strong financial performance for the full year ending June 30, with underlying profit before tax rising 15 percent to $2.39 billion, marking one of its highest earnings on record. Net income increased 28 percent to $1.61 billion, driven by robust travel demand, the addition of new international routes, fleet renewal, and efficiency reforms. The airline carried four million more passengers compared to the previous year, benefiting from its dual brand strategy with Qantas and Jetstar. CEO Vanessa Hudson credited the turnaround efforts focused on rebuilding the airline’s image, smoothing industrial relations, and updating the domestic fleet. Qantas also declared a final dividend and a special dividend for shareholders and announced an order for 20 additional Airbus A321XLR jets to support continued growth. Overall, the outlook remains positive as travel demand shows no signs of slowing.