Qantas faces a challenging cost and revenue environment; FY24 results showed a 15.7% decline in group EBIT to A$2.078 billion. Despite pressures, Jetstar's performance was a bright spot, with EBIT growing 23% to A$497 million, indicating a shift towards low-cost alternatives. Risks include continued capacity additions impacting fare stabilization, particularly in international markets, but domestic operations and transformation initiatives offer some optimism.
Qantas said on Monday that 300 passengers got their hands on the discounted tickets within eight hours on Aug. 22.
Qantas Airways said on Thursday its board had decided to cut former CEO Alan Joyce's fiscal 2023 pay by A$9.26 million ($6.03 million).