Business & Finance
Qantas shares rise after reporting full-year profit and introducing new business-class suites
Strong demand for premium travel boosted international cabin revenue, driving earnings past consensus estimates.
The short version
- Qantas Airways reported an underlying profit before tax of A$2.06 billion ($1.48 billion) for the fiscal year ending June 30.
- The airline unveiled upgraded business-class seats featuring lie-flat beds and privacy doors for its upcoming Airbus A321XLR and Boeing 787-9 fleets.
- Shares rose 4% after the results beat consensus estimates, supported by a 15% increase in international premium cabin revenue.
- The carrier projects domestic and international unit revenue to grow between 8% and 10% in the first half of fiscal 2027 despite rising fuel costs.
Key facts
- Qantas Airways reported an underlying profit before tax of A$2.06 billion ($1.48 billion) for the year ended June 30.[CNBC]
- Qantas shares increased by 4% on Thursday following the financial report.[CNBC]
- International premium cabin revenue grew by 15% in fiscal 2026, doubling the rate of economy cabin revenue growth.[CNBC]
- The airline introduced new business-class suites for its Airbus A321XLR fleet, with the first of 16 scheduled for delivery in 2028.[CNBC]
- Qantas expects both domestic and international unit revenue to rise 8% to 10% in the first half of fiscal 2027.[CNBC]
What remains uncertain
- The exact extent to which rising fuel costs will offset projected unit revenue increases in fiscal 2027 remains unspecified.[CNBC]