Qantas profit soars, reputation repairs ‘on schedule’
Qantas shares made flights after delivering one of the largest profit of Australia’s largest airline company, increasing the dividend and jumping to 20 medium -range planes.
On Thursday, Qantas, after the tax of 1.6 billion dollars of full -year legal net profit, an increase of 28.3 percent compared to a year ago, the underlying tax profit increased by 15 percent to 2.4 billion dollars increased.
Referring to customer loyalty surveys, Qantas said that his reputation and brand were “rebuilt at a strong and stable speed ,, and Joyce, who took an implication for the sinking of the airline, as a CEO in 2023.
Etoro Analyst Josh Gilbert said reserve General Manager Vanessa Hudson deserved the loan to reversed work.
“(MS) Hudson inherited a mammal difficulty to balance the shareholders, rebuild confidence with consumers and satisfy the organizers,” he said.
“Here are below two years and the results speak for themselves.
“The airline was stabilized, costs are effectively managed and the customer feeling is slowly being rebuilt.”
The last blow to the reputation of the airline was a record of $ 90 million to dismiss 1820 illegally in August.
Between 2021 and 2023, he added a $ 100 million fine to sell tickets for canceled flights, and he turned the seven -digit bonuses of the executives into their pockets.
For the year ending on June 30, income increased by 8.6 percent to $ 23.8 billion thanks to the growth in international operations and strong demand for domestic business and leisure travel.
In the afternoon trade, Qantas shares remained on the road for their best performances for more than two years and rose to the highest level of all time.
The airline said that he ordered 20 Airbus A321xlr aircraft that will start to arrive in 2028 and increased his total order for new generation aircraft to 48.
Jets are about 3000km more than 8700km than the Boeing 737s they will replace.
The aircraft will allow Qantas to start flights to destinations on the Southeast Asia and Pacific Islands, which are currently not applicable.
Qantas marked Perth-India and Adelaide-Singapore as two possibilities for new routes, and more update would follow.
The sixteen of the jets will have false business seats and seat back entertainment screens for longer routes such as flights between Perth and East Coast and short and medium -speed international routes.
Qantas’s first two A321xlrs structured for domestic and short-distance international trips are expected to fly on the intensive Sydney-Melbourne and Sydney-Parth routes in mid-September.
Hud is one of the most important ways to invest in new aircraft and offer a better flying experience to our customers, Hand said Hudson.
“These billion dollar investments are possible because of our strong financial performance.”
Ms. Hudson said that direct flights from the East Coast of Australia to London and New York were one step closer to reality and the first project Sunrise A350-1000ulr started to move to Airbus’s final assembly line in France in October.
Qantas expects to deliver in October 2026 and to make the first project sunrise flights in June 2027.
Qantas will pay investors a special dividend of 16.5 cents per share and 9.9 cents per share.
The airline also announced that each year will pay about 25,000 dollars of non -executive employees every year.
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