Qantas Airways (QAN) AGM 2025 summary

Opening remarks and agenda

• The meeting opened with introductions of directors and auditors, confirmation of quorum, and an overview of the agenda, including financial performance, board updates, voting on resolutions, and Q&A with shareholders.

• The Chair highlighted Qantas' 105th anniversary and its deep connection to Queensland, emphasizing the importance of the AGM for shareholders.

Financial performance review

• Underlying profit before tax reached $2.39 billion, driven by the dual-brand strategy and strong demand across all segments.

• Dividends resumed, with a total of $800 million fully franked paid for the year.

• Jetstar carried 25% more international customers and a record 16 million domestic passengers, while Qantas maintained its position as the most punctual domestic airline.

• The loyalty business saw strong engagement, with over 1 million Classic Plus seats booked since launch.

Board and executive committee updates

• Significant board renewal: six of eight non-executive directors will be new since 2023, bringing diverse perspectives.

• Dion Weisler and Kate Tully joined as directors, and Alison Watkins was announced as a new non-executive director.

• The board is focused on maintaining the right mix of skills and experience to guide the group.