Qantas Group Reports $1.25 Billion Underlying Profit Before Tax in First Half of FY24

The Qantas Group has released its financial results for the first half of FY24, reporting an Underlying Profit Before Tax of $1.25 billion, down 13% from the same period in FY23. This decline is attributed to lower fares as capacity normalizes, with revenue per available seat kilometer impacted by reduced fares.