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Qantas Airways Limited (ASX:QAN)

ALERT: Price-sensitive ASX Announcement for QAN
Current share price for QAN : $9.360 -1.29 (-12.11%)+
Announcement
Release
26 Feb 2026 8:27AM
Price at Release
$10.650
Full Release
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Summary
The half-year report for Qantas Airways Limited, ending on 31 December 2025, highlights a robust financial performance with a statutory profit before income tax of $1,307 million, slightly down from $1,320 million in the previous year. The report outlines a 6% increase in revenue, reaching $12,896 million, driven by growth in net passenger and freight revenue. Operating expenses, excluding fuel, rose by 7%, and the company experienced a 3% rise in fuel costs. Qantas' net assets increased to $1,349 million from $783 million in 2024, bolstered by a strong cash flow from operating activities of $1,752 million. The report also addresses strategic decisions, such as the closure of Jetstar Asia and significant fleet adjustments, impacting the group's capacity and operational efficiency. These strategic moves and financial outcomes underscore Qantas' resilience and adaptability in a dynamic aviation market.
Key Points
  • Statutory profit before income tax was $1,307 million for the half-year ended 31 December 2025.
  • Net passenger revenue increased by 6% to $11,063 million.
  • Operating expenses excluding fuel rose by 7% to $7,615 million.
  • Net cash inflow from operating activities was $1,752 million.
  • Qantas Group's net assets increased to $1,349 million from $783 million in 2024.
  • Closure of Jetstar Asia and fleet redistributions were significant strategic actions.
  • Group capacity increased by 4% in terms of Available Seat Kilometres.
  • Revenue Passenger Kilometres rose by 3%, while the Seat Factor slightly decreased to 84.7%.
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.