Qantas Group attributes H1FY2025 profit to dual brand strategy and travel demand
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Background ✨
Qantas Group's financial performance in FY2024 was impacted by several factors, including a AUD387 million reduction in underlying profit before tax compared to the previous fiscal year, due to settlements with the Australian Competition and Consumer Commission and costs related to outsourcing cases and asset disposals1. The group faced a challenging freight performance in the first half of FY2024, although operational performance and customer satisfaction improved significantly2. Jetstar's domestic network grew by 15% year-on-year, reflecting strong demand for low-fare travel3.