{"id":100813,"date":"2025-08-27T23:45:07","date_gmt":"2025-08-27T23:45:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/100813\/"},"modified":"2025-08-27T23:45:07","modified_gmt":"2025-08-27T23:45:07","slug":"qantas-profit-leaps-28-per-cent-to-1-6-billion-as-airline-reports-strong-travel-demand","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/100813\/","title":{"rendered":"Qantas profit leaps 28 per cent to $1.6 billion as airline reports strong travel demand"},"content":{"rendered":"

Qantas has reported a 28 per cent rise in net profit to $1.6 billion in the last financial year.<\/p>\n

The airline’s revenue rose 8.6 per cent, while its underlying profit came in just ahead of market expectations.<\/p>\n

Qantas said “ongoing strength in travel demand” supported its domestic and international earnings.<\/p>\n

Shareholders will receive a final dividend of 16.5 cents a share, as well as a special dividend of 9.9 cents a share.<\/p>\n

Qantas was last week ordered to pay a $90 million penalty for its illegal outsourcing of ground handling work during the pandemic<\/a>, on top of $120 million compensation to former employees.<\/p>\n

While it will pay the Federal Court penalty in the current 2026 financial year, Qantas said it increased its provisions in financial year 2025 to account for the fine.<\/p>\n

The airline also gave an update on its latest progress on renewing its aging fleet \u2014 an additional 20 Airbus A321XLRs were ordered, with passenger flights to begin in mid-September on Qantas’s domestic network.<\/p>\n

Overall, Qantas said it has 214 aircraft on firm order across the group, including Jetstar, with one arriving every three weeks, on average, across the next two years.<\/p>\n

The aircraft that will be used for its “Project Sunrise” ultra-long haul flights are scheduled to reach the final assembly stage in October 2025, with first delivery scheduled for October 2026 to enable direct flights from Australia’s east coast to New York and Europe.<\/p>\n

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