Delivering today

The Qantas Group reported a record half year Underlying Profit Before Tax of $1.43 billion.

Robust travel demand, higher yields, and the cost benefits of our three-year restructuring program drove the turnaround in financial performance.

Operational reliability improved across the Group during the half, with Qantas’ on-time performance now back to pre-COVID levels.

The strong financial position means the Group can get back to reinvesting for our customers and employees, and building long-term value for shareholders.

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Financial results

Visit our 1H23 trading update

FY23 half year overview

The Qantas Group reported a record half year Underlying Profit Before Tax of $1.43 billion.

The rebound in financial performance was propelled by strong travel demand, higher yields as airlines worked to restore capacity, and the benefits of the national carrier’s three-year recovery program.

A $200 million investment in operational resilience – including holding some aircraft in reserve and rostering more backup crew – delivered a significant improvement in operational performance and reliability for customers.

The accelerated repair of the balance sheet has enabled the business to increase investments in customer experience, including fleet and lounges upgrades, as well as return capital to shareholders.

Visit our 1H23 trading update

Visit our FY22 full year overview

FY22 full year overview

The Qantas Group reported an Underlying Loss Before Tax of $1.86 billion for FY22, a year which included the worst impacts of the pandemic with widespread Delta and Omicron lockdowns, but also the first signs of sustained recovery.

The reopening of borders in the fourth quarter saw a huge increase in forward travel demand, which when combined with the Group’s recovery plan resulted in a significant improvement to the balance sheet, including a reduction in net debt.

With the crisis posed by the pandemic now over, the Group is focused on getting Qantas back to its best for customers and its people and resuming capital returns to shareholders.

Visit our FY22 full year overview