The group, which comprises Qantas, QantasLink and Jetstar, recorded a pre-tax profit of £81 million for the six months to 31 December 2022.
Qantas Group chief executive Joyce said: “This is a huge turnaround considering the massive losses we were facing just 12 months ago.”
The result, for the first half of the current financial year, ends three years of losses during Covid totalling almost £4 billion.
Qantas said the result was due to “consistently strong travel demand, higher yields and cost improvements” from its $1 billion recovery programme nearing completion. Total operating margin reached 16% and came despite significantly higher fuel prices.
