US EditionASX edges lower on bumper results day; Qantas soars
Qantas' profit growth was fueled by strong travel demand and a dual-brand strategy, leading to the highest dividend payout in 17 years and a major fleet renewal.
- Qantas Airways reported a 28 per cent rise in net profit to $1.6 billion for the year ended June 30, 2025, with underlying pre-tax profit of A$2.39 billion beating expectations.
- Strong passenger demand helped Qantas Airways' group revenue rise 8.6 per cent to $23.8 billion, with passenger revenue climbing to $20.4b, boosting earnings.
- Qantas announced a final dividend of 16.5 cent and special dividend of 9.9 cent per share, ordered 20 Airbus A321XLR aircraft, and CEO Vanessa Hudson said, `While we are pleased with the progress we are making, we remain focused on further improving our performance.`
- Markets reacted as shares jumped strongly in early trading, rising as high as 13.59% and trading about 9% higher at midday; Qantas also faces a A$90 million Federal Court penalty plus $120 million paid to affected former employees.
- Qantas said it expects domestic unit revenue to rise 3% to 5% and international sales by 2% to 3% in the first half of fiscal 2026, supporting fleet renewal and Project Sunrise's Airbus A350-1000ULR delivery next year.
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19 Articles
19 Articles
The Standard+2 Reposted by 2 other sources
Qantas profit soars, reputation repairs 'on schedule'
Australia's biggest airline has ordered a fleet of new jets as its profit takes flight and its CEO...
·Warrnambool, Australia
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Sydney Morning Herald+2 Reposted by 2 other sources
Qantas profit drives shares to record high as it orders 20 new jets
The company is in its second year of a turnaround engineered by Hudson, who took over from her controversial predecessor, Alan Joyce. Under her stewardship, the airline has sought to rebuild its public image, smooth over industrial relations disputes and update its existing domestic fleet, both through new planes and new interiors.
·Sydney, Australia
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Total News Sources19
Leaning Left7Leaning Right3Center1Last UpdatedBias Distribution64% Left
Bias Distribution
- 64% of the sources lean Left
64% Left
L 64%
R 27%
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