Qantas Group reports full year profits of USD1.53bn

Qantas Domestic, Qantas International, the Jetstar Group and Qantas Loyalty have reported underlying profit before tax of USD1.53 billion in the fiscal year ended June 30, 2016, an increase of 57 percent over the previous year, the company said.

The company reported statutory profit before tax of 1.42 billion, up 80 percent. Return on invested capital was up 23 percent and operating cash flow increased 38 percent over the previous year.

The company reported net free cash flow of USD1.7 billion and additional cash bonus totalling USD75 million for 25,000 non-executive employees.

The group has returned more than USD1.0 billion to shareholders over the past 12 months, through a USD505 million capital return, and Qantas confirmed it plans to return up to USD500 million more to shareholders.