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Investing.com-- Qantas Airways (ASX:QAN) posted a stronger full-year profit on Thursday as robust demand for domestic and international travel lifted earnings, sending its shares surging to a record high.
Underlying profit before tax rose 15% to A$2.39 billion in the year to June 30. Statutory net profit after tax climbed 28% to A$1.61 billion, despite higher engineering, wages and airport costs.
Chief Executive Vanessa Hudson said Qantas and Jetstar carried four million more passengers during the year, while the loyalty division delivered record engagement.
"Jetstar had a standout year, with its fleet renewal providing a significant boost to earnings. Jetstar continued to provide value for customers, with around one in three travelling for under $100," Hudson said.
Sydney-listed shares of the company surged more than 12% to a record high of A$12.48 as of 00:42 GMT.
The board declared fully franked final dividends of 16.5 Australian cents a share and a special dividend of 9.9 Australian cents apiece.
Looking ahead, Qantas expects ongoing strong demand into FY26, with its first ultra-long-haul “Project Sunrise” Airbus A350-1000ULR aircraft scheduled for delivery in October 2026, paving the way for direct Sydney-London and Sydney-New York flights.