Full Year 2025 Qantas Airways Ltd Earnings Call Transcript
Key Points
- Qantas Airways Ltd (QABSY) reported an underlying profit before tax of $2.39 billion, up $316 million from the previous year.
- The company achieved a 20% increase in underlying earnings per share, reaching $1.10.
- Qantas Airways Ltd (QABSY) has a strong operating cash flow of $4.3 billion.
- The fleet renewal program is progressing well, with $3.9 billion invested in fleet and other projects, including the addition of 29 new aircraft.
- Qantas Loyalty saw a 9% increase in underlying EBIT, with points earned up 10% and points redeemed up 8%.
- A cyber incident in June affected nearly 6 million customers, causing distress and requiring significant response efforts.
- Unit costs excluding fuel increased by 4.2%, driven by several factors including fleet-related inefficiencies.
- The company incurred $85 million in legal provisions related to a Federal court case.
- The impact of the 'same job, same pay' legislation resulted in $65 million in costs this year, expected to increase further.
- Jetstar Asia's closure led to a capital redeployment challenge, although it unlocked up to $500 million in fleet capital.
Good morning, everyone, and welcome to the Qantas financial-year 2025 investor and analyst briefing. My name is Filip Kidon, and I'm the Group Head of Investor Relations in the Qantas Group. I'd also like to begin by acknowledging the Gadigal people of the Eora nation. I'd like to now hand over to our Group Chief Executive Officer, Vanessa Hudson.
Thank you, Phil, and good morning to everyone online. And thank you for joining us today at the group full-year 2025 investor and analyst briefing. I'm joined by Rob Marcolina, our Chief Financial Officer, who will assist me in presenting our full-year results here today.
But we are also joined by the group leadership team. We have Stephanie Tully, who is the CEO of the Jetstar Group; Marcus Svensson, the CEO of Qantas Domestic; Cam Wallace, the CEO of Qantas International and Freight; Rachel Yangoyan, the CEO of Qantas Link; Danielle Keighery, our Chief
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