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 updateOpens external site in a new window