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QANTAS: A350 Business Class to have doors! Upbeat half-year results & sale fares

QANTAS: A350 Business Class to have doors! Upbeat half-year results & sale fares

As predicted yesterday, Qantas has revealed its half-year results for 2023, which include an underlying profit of AU$2.43 Billion (before tax), and a statutory profit of AU$1 billion (after tax).

But more importantly – it has revealed its new A350 Business Class which has doors!

Good news for shareholders

Shareholders should be delighted with earnings per share of 53.9 cents, and a further share buyback of AU$500 million

Sale fares for everybody!

Qantas has also announced a million sale fares to be released today by Jetstar and Qantas

Here’s a summary of the Qantas half-year 2023 news today:

  • Qantas unveils ‘Project Sunrise’ First and Business class cabins for A350s
  • Underlying Profit Before Tax: $1.43 billion.
  • Statutory Profit After Tax: $1.0 billion.
  • Statutory earnings per share: 53.9 cents.
  • Net debt declined to $2.4 billion.
  • $1 billion COVID recovery plan on track for completion by end of FY23.
  • On-market share buy-back of up to $500 million announced.
  • Material improvement in operational performance and customer satisfaction.
  • Investment in lounges, technology and customer experience.
  • Update to fleet plan including converting nine purchase right options into firm orders for Airbus A220s.
  • More than one million sale fares released today by Jetstar and Qantas.
  • 20,000 non-executive staff rewarded with $500 travel credit; and $11,500 each in cash and shares.
a seat in a plane

2PAXfly Takeout

There is a lot more to consume in this announcement. I’ll be dropping further posts on the choicest aspects – particularly the new details about the Project Sunrise Business Class cabins.

Stay tuned.

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