• Underlying Profit Before Tax of $1,385 million, up 11.2% on prior year
• Statutory Profit After Tax of $923 million, up 6.2% on prior year
• Statutory Earnings Per Share of 59.9 cents, up 15.6% on prior year

The Qantas Group reported Underlying Profit Before Tax (Underlying PBT) of $1,385 million for the first half of the 2024/25 financial year, a $140 million increase compared to the prior corresponding period. Statutory Profit Before Tax was $1,320 million, an increase of $75 million, and Statutory Profit After Tax was $923 million. The result included continued growth in international flying capacity, with total Group ASKs 10% higher than the prior corresponding period. Ongoing strength in travel demand supported performance, with Group Domestic Underlying EBIT of $916 million and Group International Underlying EBIT of $497 million. Qantas Loyalty maintained its positive business momentum, achieving $255 million Underlying EBIT. The Group's fleet renewal program continued with the delivery of 16 aircraft, including six new A321LRs, two new A320neos, three new A220-300s, two mid-life A319-100s and three mid-life Q400s. The Group also announced plans for a Boeing 737-800 cabin refresh and the rollout of Wi-Fi for select Qantas International fleet. During the period, the Group completed $431 million in on-market share buy-backs and has resolved to announce a base dividend of $250 million and an additional $150 million special dividend.

The Group's Underlying Profit Before Tax for the 2024/25 financial year is expected to be within the target range of $1.3 billion to $1.5 billion.

The Group expects ongoing strength in travel demand to support its performance, with further capacity growth and investments in customer experience and operational improvements planned for the second half of the 2024/25 financial year.