close
MENU
Investment
2 mins to read

Qantas profits fall as margins are squeezed

The profit fall was expected after a record 2023, and the airline says it still has work to do to rebuild its brand.

Profits at Qantas domestic and international were lower, while Jetstar reported a record result.

Key points
  • Revenue: up 10.7% to A$21.9b
  • Statutory profit after tax: down 28% to A$1.25b
  • Main takeaway: A solid result after a record year in 2023. Outlook for 2025 is modest. 

Full-year net profit at Qantas Airways fell 28% to A$1.25 billion ($1.35b) for 2024 despite a healthy 10.7% increase in revenue, as margins were squeezed and airfares moderated as capacity returned to the wider market.

The Qantas international and domestic businesses were hardest hit, with earnings

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Lachlan Colquhoun Thu, 29 Aug 2024
Contact the Writer: lachlan@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Key points
  • Revenue: up 10.7% to A$21.9b
  • Statutory profit after tax: down 28% to A$1.25b
  • Main takeaway: A solid result after a record year in 2023. Outlook for 2025 is modest. 
Company profile
Powered by: asx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Qantas profits fall as margins are squeezed
Investment,
105615
true