Strong Financial Performance
Qantas reported an underlying profit of $2.08 billion for FY 2024, with an underlying EPS of $0.88 per share, showcasing the strength of its dual airline brands and Qantas Loyalty.
Record Result for Jetstar
Jetstar achieved a record underlying EBIT of $497 million, up 23% from the previous year, driven by strong demand for low-fare travel and new fleet benefits.
Qantas Loyalty Growth
Qantas Loyalty achieved an underlying EBIT of $511 million, with total points earned and redeemed growing at double-digit rates. Memberships increased by 8%, and active members grew by 19%.
Fleet Renewal Progress
Investment in fleet renewal saw 16 aircraft join the fleet this year, with plans for over 40 new aircraft in the next two years, enhancing cash generation and customer experience.
Improved Operational Performance
On-time performance and customer satisfaction significantly improved, with Jetstar's on-time performance up by ten points and NPS increasing by 24 points for Qantas Domestic.