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Qantas Airways Limited (ASX:QAN)

ALERT: Price-sensitive ASX Announcement for QAN
Current share price for QAN : $10.390 -0.26 (-2.44%)+
Announcement
Release
26 Feb 2026 8:29AM
Price at Release
$10.650
Full Release
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Summary
Qantas Airways Limited reported strong results for the first half of FY26, with significant growth across its domestic and international operations. The Group achieved an Underlying Profit Before Tax of $1.46 billion, supported by increased revenue and fleet expansion. Notable events include the introduction of new aircraft, leading to enhanced operational capacity and customer experience improvements. Jetstar's profitability was notably boosted by its new fleet and network expansions. Qantas Loyalty also showed robust growth, with increased member engagement and partnership expansions. The Group plans to reward shareholders with a fully franked interim dividend and an on-market share buyback. Looking forward, Qantas anticipates continued demand growth, further fleet investments, and ongoing transformation initiatives to offset cost escalations.
Key Points
  • Strong financial results for 1H26 with a $1.46 billion Underlying Profit Before Tax.
  • Continued fleet expansion and introduction of new aircraft, including A321XLR and A350s for Project Sunrise flights.
  • Jetstar's profitability driven by new aircraft and network expansions.
  • Qantas Loyalty achieved a 12% increase in Underlying EBIT, driven by member engagement and partnerships.
  • Approval of a $300 million fully franked interim base dividend and a share buyback of up to $150 million.
  • Outlook includes strong travel demand and further fleet investments.
  • Challenges addressed through transformation to manage rising costs.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.