Qantas first-half profit rises 5 percent to A$1.46 billion
The airline reported an underlying profit of A$1.46 billion for the half year ending December. Strong travel demand helped the carrier beat analyst estimates.
Qantas Airways Limited[Symbol:{ \"assets\":{ \"symbol\":\"QAN.AX\" } }] has reported a 5% increase in its underlying profit for the first half of the fiscal year, supported by robust demand for both domestic and international travel. The flag carrier of Australia[Country:{ \"assets\":{ \"country\":\"AU\" } }] announced an underlying profit before tax of A$1.46 billion ($1.04 billion) for the six-month period ending December 31, up from A$1.39 billion in the prior year. This performance notably outperformed the A$1.42 billion consensus estimate provided by Visible Alpha. Following the strong earnings report, the company confirmed plans for a share buyback program of up to A$150 million. The results reflect a resilient travel market, where consumer appetite for flight offerings remains high despite broader economic shifts. The airline's ability to exceed analyst expectations underscores its operational strength in a competitive global landscape.
