Qantas Airways ( (QABSY) ) has released its Q2 earnings. Here is a breakdown of the information Qantas Airways presented to its investors.
Qantas Airways Limited is a major Australian airline operating in the aviation industry, known for its extensive domestic and international flight network and loyalty program. In its latest earnings report for the half-year ending December 2024, Qantas reported a 9% increase in revenue to $12.1 billion and a statutory profit after tax of $923 million, reflecting a 6.2% growth from the previous year. The airline’s performance was bolstered by strong travel demand and strategic fleet enhancements, despite ongoing cost pressures and legal provisions related to past outsourcing decisions. Key financial highlights include an underlying profit before tax of $1,385 million, a 12% operating margin, and a significant increase in operating cash flow to $2,073 million. The company also announced a fully franked interim dividend and a special dividend, alongside completing a substantial share buy-back program. Looking ahead, Qantas management remains focused on fleet renewal, enhancing customer experience, and maintaining financial resilience amidst market challenges and geopolitical uncertainties.