Friday, August 30, 2024 The Qantas Group achieved robust financial results in FY24, simultaneously focusing on enhancing customer experience, acquiring new aircraft, providing increased benefits for employees, and delivering returns to shareholders. The Qantas Group reported an impressive financial performance for the year ending June 30, 2024, achieving an Underlying Profit Before Tax of $2.08 billion and a Statutory Profit After Tax of $1.
25 billion. These strong figures underscore the Group’s strategic focus on balancing profitability with investments in various operational areas, positioning it well for future growth. Compared to the previous year, overall earnings saw a reduction as ticket prices stabilized with the return of increased market capacity.
This shift was complemented by a rise in expenditure on customer-focused initiatives and a decrease in freight revenue, particularly noticeable in the first half of the fiscal year. However, the second half of the year saw a positive trend, with Group Domestic unit revenue showing growth compared to the same period in the previous year, indicating a robust domestic market recovery. Both Qantas and Jetstar experienced notable enhancements in operational efficiency and customer satisfaction throughout the year.
These improvements were driven by strategic investments aimed at optimizing operational processes, elevating the quality of food and beverage services, overhauling Qantas’ digital platforms, and expanding the avai.