Qantas Profit Hit by Turbulence, Drops 28 Percent

Its budget carrier Jetstar saw record sales however.

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Qantas Profit Hit by Turbulence, Drops 28 Percent — A photo taken on Aug. 22, 2023 shows a Airbus A321 Neo operated by the Qantas low-cost airline Jetstar at Kingsford Smith Airport in Sydney, Australia. William West/AFP via Getty Images

8/29/2024Updated: 8/29/2024

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Australia’s national carrier recorded a 28 percent descent in profit to $1.25 billion after tax in the 2024 financial year.

Since taking over from Alan Joyce, the former CEO of Qantas, Vanessa Hudson has focused on customer service amid a issues with the competition regulator.

Monica O’Shea

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Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]

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