What was Qantas Airways' profit for the six months ending December 31?

Qantas Airways' profit for the six months ending December 31 was A$1.46 billion.

How is Qantas Airways replacing its aging domestic fleet?

Qantas Airways is replacing its aging domestic fleet with new, more fuel-efficient Airbus aircraft.

When will Qantas Airways launch ultra-long-haul flights to London and New York?

Qantas Airways is scheduled to launch ultra-long-haul flights connecting Sydney with London and New York in 2027.

Home / Business and Economy / Qantas Profit Soars on New Fleet, Buyback Boosts Shares

Qantas Profit Soars on New Fleet, Buyback Boosts Shares

26 Feb

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Summary

Qantas profit climbed 5.1% to A$1.46 billion in six months.
New, fuel-efficient aircraft are increasingly replacing older planes.
Company announced a share buyback of up to A$150 million.

Qantas Profit Soars on New Fleet, Buyback Boosts Shares

Qantas Airways announced a profit increase of 5.1% to A$1.46 billion for the six months ending December 31, exceeding analyst expectations. This growth is significantly attributed to the introduction of new, more fuel-efficient Airbus aircraft that are progressively replacing the airline's aging domestic fleet.

The Australian carrier also revealed a share buyback program of up to A$150 million. CEO Vanessa Hudson highlighted the benefits already realized from the next-generation aircraft, noting their contribution to Jetstar's profit increase in the period. Nine new aircraft were delivered to the Qantas group in the first half.