FY24 Full Year Results

Results Summary

• The Qantas Group delivered strong earnings in FY24 while investing in customers, new aircraft, benefits for employees and returns for shareholders
• Underlying Profit Before Tax: $2.08 billion (down 16%)
• Statutory Profit After Tax: $1.25 billion (down 28%)
• Additional customer investment of $230 million in FY24
• Significant improvements in operational performance and customer satisfaction
• Pilot training underway and inflight cabin experience for A321XLR finalised
• $500 staff travel voucher for around 23,000 non-executive employees
• On-market share buy-back of up to $400 million announced

Qantas Loyalty Classic Plus Flight Rewards announcement – April 2024

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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.