By Mike Cherney
SYDNEY--Shares in Australia's biggest airline, Qantas Airways, lifted some 9% Thursday and hit a record high after the carrier reported annual results and an upbeat outlook.
Just after midday, Qantas shares were trading at 12.12 Australian dollars. Earlier in the morning, shares touched A$12.62, a record intraday high.
The airline said its underlying profit before tax rose 15% to A$2.39 billion, equivalent to US$1.55 billion, in the 2025 fiscal year that ended in June, as travel demand remained strong. It anticipated further growth in FY 2026, saying that the domestic unit's revenue would grow 3%-5% and the international unit's revenue would increase 2%-3% in the fiscal first half.
"Following the strong 2H25 result and 1H26 outlook, we continue to see upside to fair value for Qantas," Jefferies analysts said in a note to clients after the result.
RBC Capital Markets analyst Owen Birrell said the outlook was "constructive." He said the result quality looked a little mixed, though. By his figures, the airline's budget unit Jetstar beat market expectations, but the main Qantas domestic, international and loyalty units missed estimates.
Write to Mike Cherney at mike.cherney@wsj.com
(END) Dow Jones Newswires
August 27, 2025 22:25 ET (02:25 GMT)
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