Quantas defies €260m impact of war to report €1.3bn profit

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  • Underlying profit before tax of Aus$2.06bn/€1.27bn
  • Group Domestic delivered Aus$1.44bn underlying EBIT
  • Fuel costs impacted international results by A$420m
  • Loyalty earnings rose 12pc to Aus$625m
  • Final dividend of 19.8 cents per share announced

The Qantas Group has posted an underlying profit before tax of approximately €1.27bn for the year to 30 June 2026, with statutory profit after tax of approximately €0.80bn. Group Domestic delivered approximately €0.89bn underlying EBIT amid solid demand, while international results were affected by elevated fuel costs linked to Middle East tensions, estimated at around €260m impact. Capacity grew 3.4pc, Loyalty earnings rose 12pc to approximately €387m, and the group took delivery of 17 new aircraft. Liquidity stood above approximately €8.2bn with net debt in the target range.

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A final fully franked dividend of 19.8 cents per share has been announced, and the airline has unveiled updated business class seats for future A321XLR and 787-9 aircraft. The group’s performance has reflected strong domestic demand and continued loyalty programme growth, offsetting international challenges from elevated fuel costs. Fleet renewal has continued with 17 new aircraft deliveries during the year.

The underlying profit result has represented a solid performance against a challenging international environment. The group’s balance sheet strength has been maintained with liquidity above A$13.3bn and net debt within the target range. The updated business class seats have been designed to enhance premium cabin offerings on future fleet additions.

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