The Qantas Group has today announced its half year financial results for 2023

 

After three years and $7 billion in statutory losses due to the pandemic, the Qantas Group has returned to profit with a record result for the first half of FY23.

 

• Underlying Profit Before Tax: $1.43 billion.
• Statutory Profit After Tax: $1.0 billion.
• Statutory earnings per share: 53.9 cents.
• Net debt declined to $2.4 billion.
• $1 billion COVID recovery plan on track for completion by end of FY23.
• On-market share buy-back of up to $500 million announced.
• Material improvement in operational performance and customer satisfaction.
• Ongoing investment in lounges, technology and customer experience.
• Update to fleet plan including converting nine purchase right options into firm orders for Airbus A220s.
• More than one million sale fares released today by Jetstar and Qantas.
• 20,000 non-executive staff rewarded with $500 travel credit; recovery bonuses now up to $11,500 each in cash and shares.

 

Full details are available on the Qantas News Room, and direct links below:

 

• Qantas Group returns to profit with record half year result
• Speech – Qantas Group CEO Alan Joyce
• Qantas unveils ‘Project Sunrise’ First and Business class cabins for A350s
• Qantas and Jetstar discount more than one million seats
• Qantas Group updates fleet plan to boost capacity

Tags: Qantas Group