Qantas Group (QAN.AX, QUBSF.PK) reported a profit in financial year 2022/23 compared to a loss in the prior year, driven by strong travel demand and completion of A$1 billion recovery plan. It also announced an on-market share buy-back of up to A$500 million. In addition, Qantas announced a firm order for 12 Airbus A350 and 12 Boeing 787 aircraft to progressively replace its existing A330s.
Qantas reported that its profit attributable to members of the company for the full year ended 30 June 2023 was A$1.75 billion or 93.0 cents per share compared to a loss of A$860 million or 45.6 cents per share in the previous year.
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