FY24 Half Year Results

Results Summary

  • Underlying Profit Before Tax: $1.25 billion (down 13 per cent).
  • Statutory Profit After Tax: $869 million (down 13 per cent).
  • Statutory earnings per share: 52 cents (down 4 per cent).
  • Net debt: $4.0 billion.
  • Additional on-market share buy-back of up to $400 million announced.
  • Fares falling as capacity continues to normalise; restart costs unwinding.
  • Significant improvement in customer satisfaction; more work to do.
  • Capital expenditure rising in FY25 to between $3.7–3.9 billion.
  • 8 additional A321XLRs on order for Qantas Domestic.
  • Acceleration of Qantas International Wi-Fi from end calendar 2024.
  • $500 staff travel credit for around 24,000 employees.

FY24 Group Market update - September 2023

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