Delivering today

The Qantas Group reported a full year Underlying Profit Before Tax of $2.47 billion in FY23.

Underpinning the profit was completion of the Group’s $1 billion COVID-19 recovery program, a 132 per cent increase in flying compared with FY22 and strong travel demand driving significantly higher revenue.

Operational performance improved considerably during the year after a challenging ramp up, with Qantas achieving the best on-time performance of the major domestic airlines for 11 months out of 12 and Jetstar returning to pre-COVID-19 levels.

The strong financial position has enabled the Group to keep investing heavily in customer experience, including firm orders for a further 24 Boeing and Airbus widebody aircraft from FY27.

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Financial results

Visit our FY23 full year overview

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

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