Delivering today

Qantas staff at Mascot head office

The Qantas Group reported a $1.25 billion Underlying Profit Before Tax for the first half of FY24, supporting continued investment in customers and new aircraft.

Earnings were 13 per cent lower than the same period of FY23 as fares and capacity continued to normalise.

Lower fares contributed to reduced revenue per available seat kilometre, while freight yields declined. This was mostly offset by revenue from increased flying, which was up by 25 per cent, with the Group carrying 3.3 million more passengers compared with 1H23. 

Travel demand remains strong across all sectors, with leisure continuing to lead and business travel now approaching pre-COVID levels.

The Group also announced several major investments for customers, including revealing the interiors of its new Airbus A220 aircraft, accelerated rollout of Wi-Fi on international flights and a major upgrade to digital platforms.

More details are available on our Investor Centre.

Financial results

Visit our 1H24 overview Qantas aircraft in flight

FY24 half year overview

The Qantas Group reported a $1.25 billion Underlying Profit Before Tax for the first half of FY24, down 13 per cent on the previous corresponding period. 

The result was driven by lower fares as capacity continues to normalise and a decline in freight yields. 

This was mostly offset by revenue from increased flying, which was up by 25 per cent, with the Group carrying 3.3 million more passengers compared with 1H23. 

The Group continues to reinvest heavily in customers, revealing its new Airbus A220 interiors and announcing an accelerated rollout of Wi-Fi on international flights and a major upgrade to digital platforms.

Visit our 1H24 overview
Visit our FY23 full year overview Qantas aircraft in flight

FY23 full year overview

The Qantas Group reported its first full-year statutory profit since FY19.

The Group achieved an Underlying Profit Before Tax of $2.47 billion and a Statutory After Tax Profit of $1.74 billion.

The results show a substantial turnaround in both the Group’s finances and service levels.

During the year Qantas operations improved significantly and it was the most-on-time major domestic airline for 11 out of 12 months, and Jetstar’s returned to pre-COVID levels.

The strong financial foundation is enabling the Group to invest heavily in the customer experience and employees, and continue to return capital to shareholders.

Visit our FY23 full year overview

FY24 Reporting

Chairman's report

View FY23 Chairman’s message (PDF) Chairman Richard Goyder at Qantas HQ

Richard Goyder AO

Chairman Qantas Airways

View FY23 Chairman’s message (PDF)
Financial performance of the Qantas Group Qantas aircraft on the tarmac

Performance against our Financial Framework

The Qantas Group reports on a number of both statutory and underlying financial metrics in line with its Financial Framework.

Financial performance of the Qantas Group
Read the report on our Investor Site Aircraft wing over clouds

2023 Sustainability Report

We’re committed to reporting transparently on key performance indicators including environmental, social and government metrics and initiatives.

Read the report on our Investor Site

Investor Centre

For details of our historic performance including the 2023 Annual Report visit the Investor Centre.