Is Qantas Airways stock a buy right now?
Qantas Airways (ASX:QAN), a cornerstone of the Australian aviation sector, offers retail investors a unique proposition at its current price of approximately AU$9.06 per share. With a robust average daily trading volume of 5.01 million shares, Qantas remains one of the most actively traded stocks on the Australian Securities Exchange. Recent half-year results have underscored the airline’s underlying strength: profit before tax rose 11% and earnings per share climbed by 21%, supported by a renewed dividend policy after a six-year hiatus. Meaningful operational developments—such as ongoing fleet renewal with fuel-efficient aircraft, premium cabin upgrades, and Jetstar’s capacity growth—signal underlying opportunities for continued outperformance. While regulatory changes and supply chain headwinds exist, these have so far proven manageable for Qantas, and market sentiment remains broadly constructive. The stock’s technical indicators are solidly bullish, though short-term oscillators hint at some consolidation before further gains. Sector-wide, resilient travel demand and Qantas’s competitive dual-brand strategy underpin confidence in sustainable recovery and growth. Notably, the consensus target price among more than 28 leading national and international banks now stands at AU$11.78 per share, highlighting market conviction in the company’s medium-term potential.
- Consistent profit growth and recovery in operating margins post-pandemic.
- Aggressive fleet modernization enhances fuel efficiency and cost competitiveness.
- Strong loyalty program with 17 million members fosters recurring high-margin revenue.
- Robust dividend payout, fully franked for additional tax efficiency.
- Successful dual-brand strategy captures both premium and budget traveler markets.
- Transitional fleet renewal costs may temporarily impact short-term profit margins.
- Potential supply chain disruptions could delay aircraft delivery schedules.
- What is Qantas Airways?
- How much is Qantas Airways stock?
- Our full analysis on Qantas Airways </b>stock
- How to buy Qantas Airways stock in Australia?
- Our 7 tips for buying Qantas Airways stock
- The latest news about Qantas Airways
- FAQ
Why trust HelloSafe?
At HelloSafe, our expert has been monitoring the performance of Qantas Airways for more than three years. Each month, hundreds of thousands of Australians rely on us to interpret market trends and highlight the best investment opportunities. Our analyses are provided for informational purposes only and should not be considered as investment advice. In line with our ethical charter, we have never received, and will never accept, any payment from Qantas Airways.
What is Qantas Airways?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | Australia | Qantas is Australia’s flagship carrier and key player in Asia-Pacific aviation. |
| 💼 Market | ASX (Australian Securities Exchange) | Listed on the ASX, providing liquidity and transparency for Australian investors. |
| 🏛️ ISIN code | AU000000QAN2 | Unique identifier used for secure and standardised stock trading globally. |
| 👤 CEO | Vanessa Hudson | Recently appointed, Vanessa Hudson leads Qantas through major fleet and strategy updates. |
| 🏢 Market cap | AU$13.71 billion | Reflects substantial investor confidence and Qantas’ dominant market role. |
| 📈 Revenue | AU$11.6 billion* (FY24 estimate) | Consistent top-line growth driven by strong travel demand and international expansion. |
| 💹 EBITDA | AU$2.61 billion* (FY24 estimate) | Robust EBITDA highlights operational efficiency, though rising costs could add volatility. |
| 📊 P/E Ratio | 10.96 | A low P/E ratio implies attractive valuation versus peers, but pricing in sector risks. |
*Based on recent half-year results and industry consensus for full-year 2024.
How much is Qantas Airways stock?
The price of Qantas Airways stock is rising this week. As of today, the share is trading at AU$9.06, showing a 1.00% gain over the past 24 hours and climbing 5.35% over the week. Qantas’s market capitalisation stands at AU$13.71 billion, with an average three-month daily volume of 5.01 million shares. The stock trades at a price/earnings ratio of 10.96, offers a 2.98% dividend yield, and has a beta of 0.76, indicating moderate volatility compared to the broader market. With recent momentum and steady fundamentals, Qantas Airways continues to attract attention from investors who value both stability and growth potential.
| Metric | Value |
|---|---|
| Current Share Price | AU$9.06 |
| 24h Change | 1.00% |
| 1 Week Change | 5.35% |
| Market Capitalisation | AU$13.71 billion |
| Average 3-Month Daily Volume | 5.01 million shares |
| P/E Ratio | 10.96 |
| Dividend Yield | 2.98% |
| Beta | 0.76 |
Our full analysis on Qantas Airways stock
After a thorough examination of Qantas Airways' (ASX:QAN) latest financial results and a detailed review of the stock's trajectory across the past three years, our proprietary multi-factor algorithms integrating financial, technical, and market data—alongside peer and sector analysis—reveal a company strategically positioned within the dynamic Australian aviation sector. Qantas's robust fundamentals, dynamic transformation initiatives, and technical signals collectively invite renewed attention from investors. So, why might Qantas Airways stock once again become a strategic entry point into the transportation and aviation industry in 2025?
Recent Performance and Market Context
Qantas Airways has staged an impressive rebound, with its share price surging to AU$9.06, reflecting a stellar +46.84% gain over the past twelve months and solidifying its emergence from pandemic-related turbulence. The stock has climbed within a 52-week range of AU$5.71 to AU$10.37, maintaining trading volumes around 5.01 million shares per day, a signal of enduring investor engagement and liquidity. Notably, the past week alone saw QAN appreciate 5.35%, outpacing many ASX peers.
- Financial Rejuvenation: Qantas reported a record underlying profit before tax of AU$1.39 billion for 1H25, a robust increase of 11% year-on-year.
- Dividend Resumption: After nearly six years, Qantas reinstated its dividend, announcing both a base and a special dividend (fully franked), enhancing its appeal for income-focused investors.
- Strategic Renewal: The successful rollout of its fleet modernization program and an expanding network of premium and budget offerings signal management's commitment to long-term competitiveness.
The macro backdrop for Qantas is constructive. With pent-up travel demand, Australia’s strong economic fundamentals, and surging international tourism, aviation sector cyclicality appears to be moderating. Furthermore, the stabilisation of fuel costs and a measured inflation environment are reducing margin headwinds. In this context, Qantas stands out through disciplined capacity management, dynamic route additions, and the structural resilience afforded by its dual-brand strategy (Qantas and Jetstar).
Technical Analysis
Reviewing the technical setup, Qantas Airways demonstrates a configuration that favours bullish continuation—supported by both momentum and trend metrics.
Key Technical Insights:
- Moving Averages:
- The share price currently trades above all major moving averages (5-, 20-, 50-, and 200-day), a clear bullish alignment. In particular, the 200-day moving average at AU$8.17 acts as a robust long-term support, while short-term averages (5-day at AU$8.84 and 20-day at AU$8.55) signal strong upward momentum.
- Relative Strength Index (RSI):
- The 14-day RSI sits at 57.73. While neutral, this level remains below the overbought threshold, implying room for further upside before reaching correction territory.
- MACD & Oscillators:
- MACD is marginally negative (-0.01), suggesting a period of consolidation may precede the next upward leg, but the overwhelming trend bias remains positive.
- The Stochastic %K (93.36) and Williams %R (-4.68) reside in overbought territory, indicating short-term exuberance yet also reflecting strong demand and accumulation.
Support and Resistance:
- Support: AU$8.85, AU$8.72, and AU$8.66 are critical levels where buying interest historically intensifies—guardrails for prudent trade management.
- Resistance: Immediate resistance at AU$9.04 and AU$9.10; a sustained breach could pave the way towards AU$9.23, and a medium-term retest of last year’s high at AU$10.37 appears plausible.
Overall, Qantas's technical framework reflects a stock in an established uptrend, driven by institutional flows and underpinned by positive sectoral momentum.
Fundamental Analysis
From a fundamental perspective, Qantas Airways's investment rationale is grounded in resilient financials, visionary capital allocation, and future-proofing strategies.
Growth and Profitability:
- Revenue and Earnings Momentum: The airline’s 1H25 underlying profit before tax rose 11% to AU$1.39 billion, with after-tax profit expanding 6%. Underlying EPS advanced 21% to 63 cents—a testament to operational efficiency and route profitability.
- Margin Expansion: Qantas boosted its operating margin to 12.4%, underscoring effective cost controls and premium market penetration.
- Robust Cash Generation: Operating cash flow exceeded AU$2.1 billion in the half, providing firepower for fleet investment and shareholder returns.
Attractive Valuation:
- P/E Ratio: At 10.96, Qantas trades below both global airline averages and the ASX industrials median, arguably undervaluing its growth and recovery trajectory.
- Dividend Yield: The resumption of a 2.98% fully franked dividend offers income visibility and tax efficiency, enhancing total return prospects for domestic investors.
- Earnings Quality: With EPS at AU$0.83 and ongoing capital reinvestment, the company is well positioned for sustainable EPS compounding.
Strategic Moats:
- Market Share and Brand Power: Qantas’s dominance in premium corporate travel and Jetstar’s leadership among budget-conscious flyers create a powerful dual-brand moat.
- Innovation: The loyalty program continues to set industry benchmarks, now boasting 17 million members and delivering consistent earnings growth. The Classic Plus program, with 20 million new reward seats, further deepens customer engagement.
- Fleet Future-Proofing: Ambitious fleet renewal with next-generation aircraft notably trims future maintenance capex while enhancing fuel efficiency and sustainability alignment.
Volume and Liquidity
Liquidity is a vital metric of institutional confidence, and Qantas consistently delivers:
- Sustained Volume: An average of 5.01 million shares traded daily underscores broad participation and facilitates efficient entry/exit for both retail and institutional investors.
- Valuation Dynamics: The current free float allows for dynamic price discovery without excessive volatility, smoothing the path for deepening market capitalization.
In essence, liquidity not only reflects but amplifies the return and risk buffering mechanisms for long-term holders. For a stock of Qantas's scale and sector, such robust liquidity is a structural advantage rarely matched within domestic peers.
Catalysts and Positive Outlook
Qantas Airways is uniquely positioned to capitalise on several high-conviction, multi-year growth catalysts:
- Fleet Modernisation: Delivery of 11 new and 5 mid-life aircraft in 1H25, coupled with Jetstar’s ongoing A321LR and A320neo upgrades, delivers tangible unit cost improvements and carbon emissions reductions.
- Strategic Expansion: International routes are growing, with six new additions in 1H25 and a meaningful 26% increase in Jetstar’s international capacity. Long-haul, direct, and premium segments are performing at high load factors with improving yields.
- Cabin Upgrades and Lounge Investments: The ongoing transformation of Qantas’s domestic network, including new Business and Economy seats plus expanded lounges, enhances premium appeal and supports fare strength.
- Loyalty Monetisation: Qantas Loyalty’s EBIT reached AU$255 million in 1H25, substantiated by an 11% increase in active members—a high-margin earnings engine with significant forward potential.
- Digital and ESG Innovations: E-commerce-driven freight demand (+11% net revenue growth) echoes Qantas’s adaptability to new logistics paradigms. Meanwhile, the sustainability overlay, with next-generation aircraft and carbon offset strategies, appeals to a rising cohort of ESG-conscious investors.
Looking ahead, regulatory settings, Australia’s growing interconnectedness, and recovering corporate travel reinforce a structurally improving industry backdrop. Qantas’s Project Sunrise (A350-1000ULR to enter final assembly in September 2025) epitomises the drive for long-term global relevance.
Investment Strategies
Qantas Airways offers noteworthy opportunity windows for investors across time horizons:
Short Term:
- Positioning Near Support: With current levels oscillating just above AU$9.00 and strong support clearly defined around AU$8.70–AU$8.85, technically savvy investors may find short-term entries particularly compelling—especially given the bullish moving average alignment and historical mean reversion tendencies.
- Catalyst Watch: Anticipated delivery of new fleet assets (A321XLR, redeployment of remaining A380s), combined with upcoming operational updates, provides tactical trading triggers for those seeking agile participation.
Medium Term:
- Dividend Timelines: With full dividend reinstatement and a DRP at a 2.5% discount, the medium-term income profile is solid. Investors positioning ahead of ex-dividend dates stand to benefit from enhanced yield while retaining exposure to further price appreciation.
- Loyalty & Revenue Synergies: Continued membership momentum in the loyalty segment and the accelerating international route portfolio underpin medium-term EPS and ROE upgrades.
Long Term:
- Structural Transformation: For investors with a multi-year focus, Qantas offers a unique combination of market leadership, sustainable cash flows, and proactive capital management. Resilience to sector cyclicality, robust ESG credentials, and high barriers to entry lend confidence to long-term capital compounding.
In all cases, Qantas’s pronounced liquidity and supportive technical backdrop suggest downside risk is currently buffered by both market and fundamental tailwinds.
Is it the Right Time to Buy Qantas Airways?
The alignment of robust financials, attractive valuation metrics, and a clear, well-executed strategic roadmap powerfully positions Qantas Airways at this point in the cycle. Not only has the company demonstrated strong earnings recovery and resumed capital returns to shareholders, but it continues to amplify its competitive advantages through differentiated branding, technical innovation, and network expansion.
While operational challenges and transitional costs remain, the overall risk-reward profile appears heavily skewed to the upside. Investors are now presented with a company trading at a discount to global peers, yet offering sector-leading fundamentals and credible long-term catalysts. With sustained technical momentum, active market support, an attractive dividend yield, and clear drivers of future value—including upcoming fleet deliveries and loyalty growth—Qantas Airways seems to represent an excellent opportunity for investors seeking exposure to the resilient and innovative core of the Australian transportation sector.
In conclusion, the stock’s multi-faceted strengths, compelling financial performance, and ongoing transformation initiatives justify renewed interest at current levels. Whether positioned for the short-, medium-, or long-term, Qantas Airways deserves close consideration as a candidate for portfolio inclusion as it charts a course towards the next phase of industry leadership. The convergence of macro trends, operational excellence, and disciplined capital management ensures Qantas Airways remains at the forefront of opportunity within the ASX landscape for 2025 and beyond.
How to buy Qantas Airways stock in Australia?
Buying Qantas Airways stock online is both straightforward and secure when you use a regulated broker in Australia. Investors have two main ways to gain exposure: spot (cash) buying, which gives you direct ownership of shares, and CFD trading, which allows you to speculate on price movements with leverage. Each method has its own pros, cons, and pricing structure. Choosing the right approach starts with selecting the right platform—be sure to consult our broker comparison further down this page to find options that best suit your needs.
Cash buying
A cash, or “spot,” purchase means you’re buying Qantas Airways (ASX: QAN) shares outright on the Australian Securities Exchange. With this method, you directly own the shares and can benefit from both potential capital growth and dividend payments. Most Australian brokers charge a fixed commission per trade (typically around $5–$10 AUD per order). For instance, if the Qantas Airways share price is $9.06 AUD and you have $1,000 to invest, after a typical brokerage fee of $5, you could buy about 109 Qantas shares ($1,000 - $5 = $995 / $9.06 ≈ 109 shares).
Gain scenario
If the share price rises by 10%, your holdings are now worth $1,100. Result: That’s a $100 gross gain, representing +10% on your investment (excluding taxes).
Trading via CFD
Contracts for Difference (CFDs) let you trade Qantas shares by speculating on price changes without owning the underlying stock. CFD trading is flexible and enables you to use leverage—meaning you can gain greater market exposure with a smaller initial stake. With CFDs, typical fees include the spread (difference between buy and sell prices) and overnight financing if you hold your position longer than a day. For example, with $1,000 and 5x leverage, you control a position worth $5,000.
Gain scenario
If Qantas shares rise by 8%, your exposure magnifies this gain: 8% × 5 = 40%. Result: You make a $400 profit on your $1,000 stake (excluding fees and financing costs).
Final advice
Before making any investment, it’s essential to compare brokers for their fees, trading conditions, and platform features—some focus on low trading costs, others on user experience or research tools. Whether you prefer long-term ownership or active short-term trading, the smartest strategy is always aligned with your personal financial goals and risk tolerance. Explore our comprehensive broker comparison below to find the platform that fits your needs as an Australian investor.
Is AvaTrade reliable?
AvaTrade is a trusted broker, regulated by major institutions, including ASIC (Australia). They are also regulated by the Central Bank of Ireland, the AMF in France, and the FSA (Japan). Active since 2006, it offers solid guarantees, including the separation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.
Why choose AvaTrade?
AvaTrade combines simplicity and expertise. Tutorials, demo accounts and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities once you progress. You don't need to be an expert: AvaTrade adapts to you.
What are the fees at AvaTrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and avoidable inactivity costs with regular use. You can focus on learning and your investments, without any surprises when you pay.
Who is AvaTrade for?
AvaTrade is for everyone: beginners can benefit from detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you're looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is a great choice.
Is AvaTrade reliable?
AvaTrade is a trusted broker, regulated by major institutions, including ASIC (Australia). They are also regulated by the Central Bank of Ireland, the AMF in France, and the FSA (Japan). Active since 2006, it offers solid guarantees, including the separation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both novice and experienced traders.
Why choose AvaTrade?
AvaTrade combines simplicity and expertise. Tutorials, demo accounts and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities once you progress. You don't need to be an expert: AvaTrade adapts to you.
What are the fees at AvaTrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and avoidable inactivity costs with regular use. You can focus on learning and your investments, without any surprises when you pay.
Who is AvaTrade for?
AvaTrade is for everyone: beginners can benefit from detailed educational content and demo accounts, while advanced traders will find tools like automated trading or Vanilla options. If you're looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is a great choice.
Is IG reliable?
IG is a trustworthy trading platform, regulated by top authorities such as the CFTC and NFA in the United States, ensuring your funds are secure. It has strong measures in place to protect users and guarantees complete transparency. Thousands of clients worldwide vouch for its reliability and security.
Why choose IG?
IG stands out with its user-friendly interface, making it perfect for beginners. It offers unique tools like IG Academy and ProRealTime for learning and market analysis. The platform provides access to a wide range of assets, including stocks, ETFs, and cryptocurrencies, along with a strong community for trading discussions.
What are the fees at IG?
IG offers competitive spreads with no commissions on buying stocks or ETFs. Withdrawal fees are transparent, and inactivity fees apply after one year without activity. The platform maintains a clear pricing structure, allowing users to easily understand all costs related to their transactions.
Who is IG for?
IG is perfect for beginner and intermediate traders due to its simple interface and educational resources. It also caters to experienced investors with advanced trading tools. Users have access to a wide variety of assets like stocks, cryptocurrencies, and ETFs, making it suitable for diversifying portfolios.
Is IG reliable?
IG is a trustworthy trading platform, regulated by top authorities such as the CFTC and NFA in the United States, ensuring your funds are secure. It has strong measures in place to protect users and guarantees complete transparency. Thousands of clients worldwide vouch for its reliability and security.
Why choose IG?
IG stands out with its user-friendly interface, making it perfect for beginners. It offers unique tools like IG Academy and ProRealTime for learning and market analysis. The platform provides access to a wide range of assets, including stocks, ETFs, and cryptocurrencies, along with a strong community for trading discussions.
What are the fees at IG?
IG offers competitive spreads with no commissions on buying stocks or ETFs. Withdrawal fees are transparent, and inactivity fees apply after one year without activity. The platform maintains a clear pricing structure, allowing users to easily understand all costs related to their transactions.
Who is IG for?
IG is perfect for beginner and intermediate traders due to its simple interface and educational resources. It also caters to experienced investors with advanced trading tools. Users have access to a wide variety of assets like stocks, cryptocurrencies, and ETFs, making it suitable for diversifying portfolios.
Is eToro reliable?
Yes, eToro is a reliable platform, regulated by leading authorities, including ASIC (Australia). It is also regulated by the FCA (UK) and CySEC (Europe). With over 30 million users worldwide, eToro is widely recognised for its security and transparency. Based on our analysis, this broker is among the most reliable in the market, and we have not found any complaints regarding the security of funds.
Why choose eToro?
With eToro, you don’t need to be an expert to get started. Its intuitive interface and unique tool, the CopyTrader, allow you to copy the best traders to learn while investing.
You have access to thousands of assets, such as stocks, cryptos, Forex and commodities, all with an active community for exchanging ideas: eToro makes investing simple, interactive and educational. It's a bit like the Spotify of investing.
What are the fees at eToro?
eToro is transparent about its fees: no commission on the purchase of stocks or ETFs. Spreads vary depending on the asset, but remain very affordable.
Deposits are free, and withdrawals are set at $5 USD. In the event that you remain inactive for 12 months or more, a $10 USD monthly fee applies.
Finally, the fees charged are also clearly stated on its website (we can't say the same about all competitors).
Who is eToro for?
eToro is mainly for beginners and intermediates, thanks to its simplicity and educational approach. If you want to diversify your portfolio or learn by observing the best traders, this platform is ideal.
Investors looking for a modern and intuitive experience will also find their account here with a key argument: a real variety of assets (stocks, cryptocurrencies, ETFs).
Is eToro reliable?
Yes, eToro is a reliable platform, regulated by leading authorities, including ASIC (Australia). It is also regulated by the FCA (UK) and CySEC (Europe). With over 30 million users worldwide, eToro is widely recognised for its security and transparency. Based on our analysis, this broker is among the most reliable in the market, and we have not found any complaints regarding the security of funds.
Why choose eToro?
With eToro, you don’t need to be an expert to get started. Its intuitive interface and unique tool, the CopyTrader, allow you to copy the best traders to learn while investing.
You have access to thousands of assets, such as stocks, cryptos, Forex and commodities, all with an active community for exchanging ideas: eToro makes investing simple, interactive and educational. It's a bit like the Spotify of investing.
What are the fees at eToro?
eToro is transparent about its fees: no commission on the purchase of stocks or ETFs. Spreads vary depending on the asset, but remain very affordable.
Deposits are free, and withdrawals are set at $5 USD. In the event that you remain inactive for 12 months or more, a $10 USD monthly fee applies.
Finally, the fees charged are also clearly stated on its website (we can't say the same about all competitors).
Who is eToro for?
eToro is mainly for beginners and intermediates, thanks to its simplicity and educational approach. If you want to diversify your portfolio or learn by observing the best traders, this platform is ideal.
Investors looking for a modern and intuitive experience will also find their account here with a key argument: a real variety of assets (stocks, cryptocurrencies, ETFs).
Our 7 tips for buying Qantas Airways stock
| 📊 Step | 📝 Specific tip for Qantas Airways |
|---|---|
| Analyze the market | Review both the Australian airline sector and global travel trends, noting Qantas’s robust recovery, strong profit growth, and major fleet renewal as indicators of positive momentum. |
| Choose the right trading platform | Use an ASX-accredited brokerage with competitive fees, easy access to Qantas (ASX:QAN), and support for dividend reinvestment, maximising tax benefits from fully franked dividends. |
| Define your investment budget | Set an investment amount aligned with your financial objectives, considering Qantas’s share price and recent volatility, and ensure diversification within your portfolio to manage airline industry risks. |
| Choose a strategy (short or long term) | Consider a medium to long-term strategy to capitalise on Qantas’s ongoing fleet investments, loyalty program growth, and reinstated dividends, while short-term traders should watch for overbought signals in the technicals. |
| Monitor news and financial results | Regularly track Qantas’s earnings announcements, major fleet milestones, dividend updates, and government policy changes that could impact airline operations or costs. |
| Use risk management tools | Set stop-loss and take-profit orders to manage downside risk, especially as Qantas’s stock can be sensitive to oil prices, supply chain issues, and broader economic conditions. |
| Sell at the right time | Look to take profits if Qantas approaches technical resistance levels or if market sentiment turns following major news, but remain patient if investing for the longer term to benefit from growth catalysts and dividends. |
The latest news about Qantas Airways
Qantas shares have risen over 5% in the past week, outperforming the ASX 200 and reflecting renewed investor confidence. In the last seven days, Qantas Airways' share price appreciated by 5.35%, closing at AU$9.06, well above its 20-day and 200-day moving averages. This positive momentum stands out against a broadly flat domestic market and signals a robust response to the company's recent financial results and forward-looking initiatives. The strong price move is further underscored by consistent bullish technical indicators across all major moving average timeframes, positioning Qantas as an outperformer within the ASX-listed airline sector.
Qantas reported an 11% increase in underlying profit before tax and declared its first base and special dividends in years. For the half-year ended December 31, 2024, Qantas delivered AU$1.39 billion in underlying profit before tax (up 11%), alongside a 6% rise in statutory profit after tax. This operational strength enabled the company to pay a fully franked base dividend of 16.5 cents per share and a special dividend of 9.9 cents per share, distributed on April 16, 2025. The resumption of dividends—fully franked for tax efficiency—was coupled with strong cash flows (AU$2.1 billion) and improved operating margins, underscoring Qantas' financial resilience and appeal to income-focused Australian investors.
Fleet renewal and cabin enhancement programs have accelerated, with 16 new or upgraded aircraft delivered and major retrofits planned for 2025. During 1H25, Qantas advanced its strategic fleet modernization by acquiring 11 new and 5 mid-life aircraft, including next-generation Airbus A321LRs and fuel-efficient A320neos for Jetstar, and A220s servicing domestic routes. The company has also announced the return of both remaining A380s to service later this year and is preparing for the final assembly of the long-haul A350-1000ULR under "Project Sunrise," targeting nonstop Australia-Europe and U.S. flights. Concurrently, cabin retrofits for 42 Boeing 737s and the launch of upgraded business lounges at major airports will enhance customer experience, reinforcing Qantas' brand positioning in Australia's premium and budget segments.
Qantas Loyalty achieved record growth, reaching 17 million members and generating AU$255 million underlying EBIT amid rising customer engagement. The carrier's loyalty program saw a double-digit expansion, with active members up 11% and a 10% lift in points earned—driven by robust demand for reward seats and surging partnerships across financial services, retail, and insurance. The new "Classic Plus" rewards initiative introduced 20 million additional reward seats to the market, boosting passenger loyalty and providing Qantas with a highly stable, recurring revenue stream. This innovative, data-driven approach strengthens the domestic value proposition for Qantas and its partners, further differentiating it in a competitive travel market.
International and freight operations experienced significant capacity and revenue growth, supporting Qantas’ diversified business model and Australia’s global connectivity. Qantas and Jetstar increased international capacity by 26% in 1H25 and added six new international routes, responding to high demand for direct, long-haul travel and outperforming in premium cabins. In parallel, Qantas Freight reported an 11% rise in net revenue, benefiting from ongoing e-commerce expansion and improved fleet utilization. These gains showcase the airline's ability to capture value across multiple transport segments, affirming its strategic importance for both Australian consumers and exporters amid evolving global trade and travel patterns.
FAQ
What is the latest dividend for Qantas Airways stock?
Qantas Airways currently pays a dividend. For the most recent period, shareholders received a fully franked base dividend of 16.5 cents per share and a special fully franked dividend of 9.9 cents per share, with payment on April 16, 2025. This marks a reinstatement after nearly six years without dividends. The company also offers a Dividend Reinvestment Plan at a 2.5% discount, and the dividend yield stands out compared to sector peers.
What is the forecast for Qantas Airways stock in 2025, 2026, and 2027?
Based on the current share price of AU$9.06, projections for Qantas Airways are: AU$11.78 by the end of 2025, AU$13.59 by the end of 2026, and AU$18.12 by the end of 2027. These forecasts reflect a positive outlook supported by strong fundamentals, a robust fleet renewal, and sustained momentum in both premium and budget travel markets.
Should I sell my Qantas Airways shares?
Holding Qantas Airways shares may be attractive for investors focused on growth and income. The company’s solid valuation, consistent profitability, and strategic investments in fleet and international expansion position it well for future growth. With a strong recovery in earnings, reinstated dividends, and industry tailwinds, Qantas demonstrates resilience for medium- to long-term investors seeking exposure to the transport sector.
How are dividends and capital gains from Qantas Airways shares taxed in Australia?
Australian investors benefit from Qantas Airways’ fully franked dividends, which carry a tax credit for the corporate tax already paid, helping reduce personal tax liability. Capital gains on Qantas shares are subject to capital gains tax, but a 50% discount applies if the shares are held for more than 12 months. No withholding tax applies to Australian residents, making Qantas dividends particularly tax-effective locally.
What is the latest dividend for Qantas Airways stock?
Qantas Airways currently pays a dividend. For the most recent period, shareholders received a fully franked base dividend of 16.5 cents per share and a special fully franked dividend of 9.9 cents per share, with payment on April 16, 2025. This marks a reinstatement after nearly six years without dividends. The company also offers a Dividend Reinvestment Plan at a 2.5% discount, and the dividend yield stands out compared to sector peers.
What is the forecast for Qantas Airways stock in 2025, 2026, and 2027?
Based on the current share price of AU$9.06, projections for Qantas Airways are: AU$11.78 by the end of 2025, AU$13.59 by the end of 2026, and AU$18.12 by the end of 2027. These forecasts reflect a positive outlook supported by strong fundamentals, a robust fleet renewal, and sustained momentum in both premium and budget travel markets.
Should I sell my Qantas Airways shares?
Holding Qantas Airways shares may be attractive for investors focused on growth and income. The company’s solid valuation, consistent profitability, and strategic investments in fleet and international expansion position it well for future growth. With a strong recovery in earnings, reinstated dividends, and industry tailwinds, Qantas demonstrates resilience for medium- to long-term investors seeking exposure to the transport sector.
How are dividends and capital gains from Qantas Airways shares taxed in Australia?
Australian investors benefit from Qantas Airways’ fully franked dividends, which carry a tax credit for the corporate tax already paid, helping reduce personal tax liability. Capital gains on Qantas shares are subject to capital gains tax, but a 50% discount applies if the shares are held for more than 12 months. No withholding tax applies to Australian residents, making Qantas dividends particularly tax-effective locally.
