Overview
- Qantas reported A$925 million statutory post-tax profit, little changed year on year, with underlying pre-tax earnings up about 5% to A$1.46 billion.
- The board declared a fully franked A$300 million interim dividend at 19.8 cents per share and launched a share buyback of up to A$150 million.
- Shares fell more than 6% after misses on some metrics and warnings that airport charges and government fees have risen at more than double inflation.
- Operating cash flow dropped 15% to A$1.75 billion, including A$90 million in legal penalties tied to pandemic outsourcing and an estimated A$95 million wage-law impact.
- Fleet renewal delivered nine new aircraft and efficiency gains as Qantas refocused on Australia, closing Jetstar Asia, planning to exit Jetstar Japan, trimming planned domestic growth, and tweaking US schedules.