The Qantas Group has announced a pre-tax profit of $1.39 billion for the half-year ending December 31, 2024.
The performance was driven by the strength of the group’s dual brand strategy with demand for travel remaining strong across all customer segments. Qantas and Jetstar’s domestic and international businesses delivered increased profitability carrying almost 10 per cent more customers. Premium and corporate travel remained strong for Qantas while Jetstar carried a record number of customers.
The 11 per cent rise in profits will mean the group can continue its fleet renewal strategy. Recently, it was announced that 42 Qantas Boeing 737 aircraft will be fitted with new cabins, including next-generation Business and Economy seats and larger overhead lockers.
Qantas Group CEO Vanessa Hudson said the group’s strong performance highlights the benefits of having both a premium and a low fares airline and a strong loyalty program.
“With a growing fleet of new aircraft, Jetstar went from strength to strength delivering a better experience for customers and an improved financial performance,” she said.
“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.
“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 deliver in the moments that matter consistently. This is a key part of rebuilding trust and continues to be our focus.”