Qantas reported a 15% increase in annual profit, reaching A$2.39 billion, attributing the growth to a rebound in domestic travel post-pandemic. The airline expects domestic fares to rise up to 5% and international flights up to 3% in the new financial year. Share prices surged over 12% to a record high. CEO Vanessa Hudson highlighted strong demand for travel and business meetings. The company declared its highest dividend payout in 17 years. Hudson, facing challenges in rebuilding trust post-scandals, emphasized the commitment to constructive relationships with unions. The company’s budget arm, Jetstar, saw a 55% jump in pre-tax earnings. Qantas also placed an order for 20 Airbus A321XLR aircraft as part of its fleet renewal program.

Read more at Yahoo Finance: Australia’s Qantas says appetite for travel boosts profit, shares surge