Qantas Airways Limited ( (AU:QAN) ) has shared an announcement.
Qantas Group reported a strong financial performance for the half year ending December 2024, with an 11% increase in Underlying Profit Before Tax to $1.39 billion and a 6% rise in Statutory Profit After Tax to $923 million. This growth was driven by robust demand across all customer segments, with Qantas and Jetstar carrying 10% more customers. The company is investing in fleet renewal, introducing new aircraft like the Airbus A321LR and A320neo, which have improved fuel efficiency and customer satisfaction. Qantas is also enhancing its existing fleet with cabin upgrades to improve the flying experience. The company announced dividends for the first time since FY19, reflecting its financial strength. Despite higher costs due to supply chain issues and regulatory impacts, Qantas remains focused on transformation and customer satisfaction, aiming to rebuild trust and deliver a seamless travel experience.
More about Qantas Airways Limited
Qantas Airways Limited is a major player in the aviation industry, offering both premium and low-cost travel options through its brands Qantas and Jetstar. The company focuses on domestic and international travel, catering to a wide range of customer segments, including premium, corporate, and budget travelers. Qantas is also known for its loyalty program, which enhances customer engagement and offers rewards for frequent flyers.
YTD Price Performance: 1.06%
Average Trading Volume: 606
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $8.67B
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