Qantas has reported a nearly $1.4 billion profit for its half-year results ending in December, driven by a strong recovery in travel and tourism. The airline’s profit before tax rose 11% to $1.39 billion, marking an increase of $140 million compared to the previous six months.
This performance is largely attributed to the surge in consumer demand for both domestic and international travel. As a result of its robust financial results, Qantas announced it will pay a dividend to shareholders for the first time since 2019, before the COVID-19 pandemic. A total of $250 million in base dividends and $150 million in special dividends will be distributed.
The airline saw profits spread evenly between its domestic and international operations, reflecting the continued strength of global travel recovery.
