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Qantas has released its half-year report, and the results are outstanding. For the six months to 31 December 2025, Qantas delivered a record profit of $1.46 billion, up $71 million on the same period last year.

This result narrowly surpasses the previous record of $1.43 billion, achieved in 2023 under former CEO Alan Joyce, and is well above pre-pandemic levels.

The profit growth wasn’t mainly caused by higher-than-usual ticket prices. Instead, it came from strong demand, careful management of flights, efficiency improvements, and the use of newer, fuel-efficient aircraft. These planes burn less fuel, cost less to maintain, and allow Qantas to open new routes.

Leisure and premium international demand remained very strong, with Australians
continuing to prioritise travel despite cost-of-living pressures.

Jetstar was again the standout performer, delivering strong growth. Revenue increased and profit margins expanded as it carried a record number of passengers.

Despite the strong result, Qantas remains exposed to risks such as an economic slowdown and volatility in fuel prices and foreign exchange rates.

Airport fees and government charges have increased much faster than inflation, which is
reducing profit margins. At the same time, capital expenditure has increased as the airline accelerates its fleet renewal program. Qantas plans to spend $4.1 to $4.3 billion on new planes in the 2026 financial year, funding the biggest and most costly fleet upgrade in its history.

Qantas also plans to add Las Vegas to its network and update its Frequent Flyer program, allowing members to earn status credits even while on the ground.

After recent corporate office cuts driven by increased use of AI, Qantas expects to create
8,500 new jobs by 2030 as it adds more A321XLR and A350 aircraft. This will include 3,500 additional cabin crew and 1,000 new pilots.

Qantas will reopen a crew base in Singapore to support its expanding international network, with up to 400 cabin crew expected to be based there. The announcement angered the Flight Attendants Association of Australia, which urged the federal government to review whether current regulations sufficiently protect Australian jobs.

Source: Qantas to create 8500 jobs and overhaul frequent flyer program after record profit by Robyn Ironside The Australian Feb 26 th .