News
Qantas Group delivers “strong” interim results; announces 737 retrofit program
February 28th 2025
Qantas Group booked an Underlying Profit Before Tax of A$1.39 billion (US$870 million), an increase of 11% year-on-year, and a Statutory Profit After Tax of A$923 million, up 6%, for the six months to December 31, the group said. Read More » EBIT for domestic operations was higher by 1% at A$647 million and International recorded a 2% increase to A$327 million. The results were driven by the strength of a dual brand strategy with demand for travel strong across all customer segments. Premium and corporate travel remained strong for Qantas. Group LCC, Jetstar, carried a record number of customers in a high cost of living environment, the company said. “The Group’s performance highlights the benefits of having both premium low fare airlines and a strong loyalty program,” Qantas Group CEO, Vanessa Hudson, said. Qantas Airways said the arrival of an A321XLR in its fleet will be delayed by two months to June and the airline’s remaining two A380s are planned for re-entry into service later this year. Its first Project Sunrise A350-1000ULR is scheduled to proceed to final assembly stage next September, the airline said, to be followed by flight testing ahead of delivery to the company in second-half 2026. Qantas will retrofit the cabins of its 42 737s with new seats in business and economy, overhead lockers with up to 50% more space, new carpets, sidewalls and mood lighting. The first of the refurbished aircraft is to start flying in 2027. The narrow-bodies operate across the carrier’s domestic network, on trans-Tasman routes and the short-haul international destinations of Bali, Fiji and Vanuatu.
