Qantas Airways (ASX:QAN) reported a robust financial performance for the first half of the 2026 financial year, underpinned by a statutory profit after tax of $925 million.
The result reflects a steady year-on-year increase, supported by a significant underlying profit before tax of $1.46 billion.
CEO Vanessa Hudson attributed the strong earnings to high travel demand, a successful dual-brand strategy with Jetstar, and the expanding Loyalty business.
The group is currently undertaking the largest fleet renewal in its history, having delivered nine new aircraft during this period, with another 30 expected over the next 18 months.
The airline's operational metrics showed marked improvement, with on-time performance and customer net promoter scores increasing for both Qantas and Jetstar.
The gains come despite rising external pressures; Hudson noted a sharp increase in airport charges and government fees, which have risen at double the rate of inflation.
To mitigate these costs, the group is focusing on internal transformation to ensure travel remains affordable.
Shareholders are set to benefit from a $450 million return, comprising a $300 million fully franked base dividend and a $150 million share buyback.
The group plans to reward its 30,000 employees with $1,000 in shares later this year.
Looking ahead, Qantas is expanding its international reach with the first direct flight between Sydney and Las Vegas and is preparing for the launch of "Project Sunrise" ultra-long-range flights using the new A350 fleet.