Qantas Group Reports Profit of $1.05 Billion for FY2025

Amid strong demand across all market segments and growth in passenger numbers, Qantas airline, Australia’s national carrier, on Thursday announced a 28.3% increase in statutory profit after tax for financial year 2025.

In a regulatory filing with the Australian Securities Exchange (ASX) this morning, the airline reported a statutory net profit of $1.05 billion, topping market estimates of $1.04 billion, while the profit before tax rose 15% to reach $1.56 billion.

Qantas and Jetstar collectively saw passenger growth of about four million through the year, totalling around 56 million. Domestically, Jestar carried a record 16 million passengers, Qantas said.

The airline’s revenue rose 8.6% y-o-y to $15.54 billion, slightly missing average forecasts of $15.6 billion. Underlying earnings before interest and tax increased by 13% to $1.72 billion and group net capital expenditure grew by 22% to $2.54 billion.

Underlying earnings before interest and tax for the group domestic segment grew 12% y-o-y while group international and freight grew 20% y-o-y. Growth in Qantas Loyalty active members helped the segment post 9% growth in underlying earnings before interest and tax.

The company also announced that 25,000 non-executive employees would receive $652.36 worth of shares under a new share plan.

For the first half of FY26, Qantas is expecting domestic revenue to increase by between 3% and 5%, group international revenue to increase by between 2% and 3%. Qantas Loyalty meanwhile is expected to post underlying EBIT growth of between 10% and 12% in FY26.

New Aircraft

Over the year, the airline operator secured 17 new aircraft and has placed orders for 20 additional A321XLR aircraft, of which 16 will be fitted with lie-flat business class seats. The company will also be using more Sustainable Aviation Fuel (SAF) from overseas airports while we continue efforts with the government and industry to establish a SAF industry in Australia.

Qantas Group CEO Vanessa Hudson said that for everyone across the Qantas Group, this year has been all about delivery. While the company is pleased with the progress we are making, they remain focused on further improving its performance and continuing to deliver for their customers, people and shareholders.

She said that continuing strong demand across all market segments, combined with their dual brand strategy, helped the Group grow earnings. Qantas and Jetstar carried four million more customers during the year, while the airline’s Loyalty business grew as frequent flyers engaged with the program more than ever before.

“Our strong financial performance is enabling significant investment in new aircraft and customer initiatives, helping deliver better operational performance and customer satisfaction across both airlines,” she said.

According to her, Jetstar had a standout year, with its fleet renewal providing a significant boost to earnings. In a high cost of living environment, Jetstar continued to provide value for customers, with around one in three travelling for under $65.

She said that the as well as rewarding the staff, the company has also resumed paying dividends and will pay a base final dividend of $163.09 million and a special dividend of $97.85 million, taking dividends for the full year to around $523 million.

“Looking ahead, direct flights from the east coast of Australia to London and New York are also a step closer to reality, with the first Project Sunrise A350-1000ULR aircraft to enter the final assembly line in the coming months, and the first aircraft delivery expected in October next year,” she added.