Days after being punished for unlawfully terminating employees during the COVID-19 outbreak, Qantas Airways announced on Thursday that it had increased its yearly net profit and that it had a positive outlook for travel demand.
The leading airline group in Australia reported that increased passenger volume improved its financial performance and that Qantas and its low-cost affiliate Jetstar will see more revenue growth over the next six months.
“While we are pleased with the progress we are making, we remain focused on further improving our performance,” chief executive Vanessa Hudson said.
“Continuing strong demand across all market segments, combined with our dual brand strategy, helped the Group grow earnings,” she said in a statement.
Qantas said revenue climbed 8.6 percent to Aus$23.8 billion (US$15.5 billion) in the 12 months to June 30, 2025 when compared to a year earlier.
The net profit increased to Aus$1.6 billion, a 28.3% increase.
Qantas Aus was fined $90 million by an Australian court last week for illegally terminating 1,800 ground employees during the COVID-19 outbreak.
On Thursday, the airline announced that it had fully paid the fine.
Qantas said it expected unit revenue on domestic and international routes to rise by a few percent in the six months to December 31, 2025.
The carrier said direct flights from Australia’s east coast to London and New York — its so-called Project Sunrise — were “a step closer to reality”.
The long-range Airbus A350-1000ULR aircraft for those flights were scheduled to enter final assembly in the coming months, with delivery expected in October 2026.
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