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Qantas Group confirms first-half profit despite fuel hike

Airlines
Gary Noakes
21 February 2019

Qantas Group has blamed a hike in fuel prices for a fall in half-year profits.

Qantas doesn't anticipate a resumption of international flights until 2022

The group made profits of £424.2 million for the first six months of its financial year, down £97.3 million. The fall is attributed to a £1.09 billion fuel bill, which increased by £226 million.

The result hid record performances from Qantas Domestic, budget brand Jetstar Domestic and the Qantas Loyalty frequent flier scheme and prompted the group to return £272 million to shareholders and pay a dividend of 12 cents a share.