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.