Recovering to build long term value

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Across Australia and around the world, millions of people rely on the Qantas Group to take them somewhere.

We’ve been serving communities for more than 100 years. And we know that our continued success relies on day-to-day operational excellence and keeping a steady eye on the horizon.

The Qantas Group is working hard to get back to its best as it recovers from the unprecedented impacts of the COVID-19 pandemic and a rapid restart. As we’ve done during the pandemic, we’re continuing to transform to make sure we’re well positioned for the future. That’s how we create value for our stakeholders, opportunities for our people and world-class experiences for our customers.

In the process, we aim to have a positive impact on the broader community and minimise our impact on the environment. And, above all, achieve the highest standards of safety and integrity.

The Qantas Group’s approach to doing this rests on three pillars: Looking Ahead, Delivering Today, and Acting Responsibly.

Looking ahead

COVID-19 is the biggest challenge ever faced by global aviation – and its impacts will be felt for some time.

The Qantas Group entered the crisis in better shape than most airlines. During the pandemic we made tough but necessary decisions to ensure that we survived and could recover quickly. As a result, we have emerged from the pandemic a stronger and more resilient company.

Our people are back at work, millions of customers are safely flying across Australia and around the world, and we’ve made significant progress on our three-year recovery program. 

All of this gives us confidence as we invest for growth and future success.

Delivering today

Qantas Group returns to profit with record first half result

After three years and $7 billion in statutory losses due to the pandemic, the Qantas Group has returned to profit with a record result for the first half of FY23.

The Group reported a $1.43 billion Underlying Profit Before Tax and Statutory Profit After Tax was $1.0 billion.

The drivers of this result were consistently strong travel demand, higher yields and cost improvements from the Group’s $1 billion recovery program that is nearing completion.

A $200 million investment in operational resilience delivered a significant improvement in operational performance for customers.

The strong financial position means the Group can reinvest, particularly in fleet and customer experience, as well as rewarding employees and shareholders.

Acting responsibly

For consumer brands especially, protecting value is also about maintaining a social licence to operate.

We hold ourselves to high standards in everything we do and give others the information to evaluate our performance.  

  • Safety - our first priority
  • Our people
  • Our community
  • Our planet
  • Our leadership
  • Our governance
  • Our reporting approach.
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Investor centre

Information on our historical performance, including Annual Reports and ASX information can be found in our Investor Centre.

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