Jetstar posts $492M H2 profit amid disputes

• Jetstar posted a record $492 million in underlying earnings for the six months to December, marking a 12% increase from the previous year.
• Approximately 900 airport operations workers represented by the union are currently earning base award rates while wage negotiations stall.
• The low-cost carrier is implementing new passenger fees and baggage policy changes while stating it remains committed to reaching a new enterprise agreement.

Qantas Airways (ASX:QAN) low-cost carrier Jetstar reported an underlying profit of $492 million for the six months to December 2025.

The earnings result represented a 12% increase compared to the same period of the previous year.

"We're continuing to meet regularly with the ASU to progress negotiations. That includes pay increases while continuing to deliver low fares to our customers," a Jetstar spokesperson said.

The Australian Services Union stated that about 900 airport operations workers were now effectively paid at award rates after wage increases overtook their expired agreement.

Following the announcement, the Qantas share price was down at $9.80.

The carrier recently announced additional passenger fees for overhead locker access of up to $52 per flight starting next year to streamline boarding.