Qantas Group first-half profit more than doubles

The Qantas Group has reported an underlying profit before tax of AU$921m, up from AU$367m in the first half last year. Statutory profit before tax was AU$983m, up from AUS$289m last year. Qantas Domestic, Jetstar and Qantas Loyalty all achieved record results in the half and combined earnings between Qantas Domestic and Jetstar Domestic rose more than 90% to a record AU$556m, as the company continues to evolve the dual brand strategy. Strong cash generation was another highlight, with operating cash flow of AU$1.4bn – almost double the prior half year – and free cash flow of AU$770m.