Travel

Qantas Airways Limited (ASX:QAN) is Australia’s national airline group, operating domestic and international services alongside a major loyalty programme. The company has experienced significant changes following the global disruption to aviation and has focused on rebuilding operations, improving efficiency and strengthening its customer offering. …

• AirlineRevenuedepends on passenger numbers, ticket prices, network mix and the amount of capacity offered.

Flight Centre Travel Group operates in leisure and corporate travel services across international markets. The business model determines howRevenuebecomes cash available for operating expenditure, investment,Debtservice andShareholderpayments. The relevant measures differ by sector, so statutory profit should be considered with cash flow,Capital Expenditureand any company-specificEarningsmeasure.

Tourism Holdings operates in motorhome rentals, sales and tourism operations. TheBusinessmodel determines howRevenuebecomes cash available for operating expenditure, investment,Debtservice andShareholderpayments. The relevant measures differ by sector, so statutory profit should be considered with cash flow,Capital Expenditureand any company-specific earnings measure.

Qantas Airways operates in passenger aviation, freight and loyalty programmes. TheBusinessmodel determines howRevenuebecomes cash available for operating expenditure, investment,Debtservice and shareholder payments. The relevant measures differ by sector, so statutory profit should be considered with cash flow,Capital Expenditureand any company-specific earnings measure.

Auckland International Airport operates in airport infrastructure, aeronautical services and commercial property. TheBusinessmodel determines how revenue becomes cash available for operating expenditure, investment,Debtservice andShareholderpayments. The relevant measures differ by sector, so statutory profit should be considered with cash flow,Capital Expenditureand any company-specific earnings measure.

Qantas reported FY26Underlying Profitbefore tax of approximately AUD 2.06 billion, while statutory profit after tax reached AUD 1.29 billion. The result showed that the airline remained profitable during the financial year even though earnings moderated.